Hengyi Petrochemical: Convertible bond conversion price may be revised down

Hengyi Petrochemical (SZSE:000703) announced that its "Hengyi Convertible Bonds" (SZSE:127022) may trigger a downward revision of the conversion price. For ten consecutive trading days between June 10, 2025, and June 23, 2025, the company's stock closing price was below 85% of the current conversion price of CNY 9.15 per share. According to the bond's terms, the board of directors may propose a downward adjustment to the conversion price, subject to shareholder approval. The company will follow required procedures and disclosures if the trigger is confirmed. The original issuance was for a total face value of CNY 2,000,000,000 in convertible bonds.