Honglu convertible bond nears trigger for price adjustment

Anhui Honglu Steel Construction Group has announced that its convertible bonds, "Honglu Convertible Bonds," are nearing the conditions for a downward revision of their conversion price. As of October 10, 2025, the company's stock has traded below 85% of the current conversion price (32.08 yuan per share, specifically 27.27 yuan per share) for 10 trading days since September 19, 2025. This indicates a potential trigger for the adjustment clause if the trend continues.

The current conversion price of "Honglu Convertible Bonds" is 32.08 yuan per share, with a conversion period from April 15, 2021, to October 8, 2026. According to the terms, if the company's stock closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days, the board of directors has the authority to propose a downward adjustment.

The company's initial conversion price was 43.74 yuan per share, which has been successively adjusted over time due to equity distributions. Investors are advised to monitor subsequent company announcements for further developments regarding any potential conversion price adjustments and associated investment risks.