Unigroup Guoxin Microelectronics to hold off on bond price adjustment

Unigroup Guoxin Microelectronics Co., Ltd. announced that its board of directors decided not to amend downwards the conversion price of its "Guowei convertible bonds," despite the stock meeting the conditions for such an adjustment. The company's stock traded below 85% of the current conversion price (CNY 97.30/share * 85% = CNY 82.71/share) for at least 15 out of 30 consecutive trading days, from October 30, 2025, to November 21, 2025.

The board's decision also stipulates that for the next three months, from November 24, 2025, to February 23, 2026, the company will not propose a downward adjustment even if the conditions are triggered again. Starting from February 24, 2026, if the downward amendment conditions are met, the company will re-evaluate whether to exercise its right to amend the conversion price.

The "Guowei convertible bonds," issued on June 10, 2021, with an initial conversion price of CNY 137.78/share, has seen multiple adjustments. The conversion price was adjusted to CNY 98.18/share effective August 24, 2022, then to CNY 97.51/share effective June 24, 2024, and most recently to CNY 97.30/share effective June 26, 2025, following equity distributions.