JA Solar convertible bond trigger possible; shareholder holdings shift

JA Solar Technology [SZSE:002459] has issued a cautionary announcement regarding its "Jinao Convertible Bonds" [127089], stating that the conversion price may be adjusted downwards. This alert stems from the company's stock price trading below 85% of the current conversion price (RMB 38.22) for ten consecutive trading days between March 11 and March 24, 2025. If this trend continues for five more trading days within the next twenty, a downward revision of the conversion price will likely be triggered, in accordance with the terms outlined in the bond's offering prospectus.