国投资本发布“国投转债”或将触发转股价格向下修正条件的提示性公告

2026年3月27日，国投资本股份有限公司（600061.SH）发布公告，指出公司可转换公司债券“国投转债”（110073）预计将触发转股价格向下修正的条件。此事项对投资者具有重要意义，可能对公司股价及转债价格产生实质性影响，投资者需高度关注。

一、公告核心内容梳理

• 转债代码：110073，简称“国投转债”
• 当前转股价格：9.42元/股
• 转股时间：2021年2月1日至2026年7月23日
• 2026年3月13日至2026年3月26日，公司股票已有十个交易日的收盘价低于当期转股价格的80%（即7.54元/股），预计将触发转股价格向下修正条件。

二、可转债发行与历次转股价格调整详情

国投资本于2020年7月24日公开发行了总额80亿元、期限6年的可转换公司债券（8000万张，每张面值100元）。可转债自2020年8月20日在上交所挂牌交易，并自2021年2月1日起可转换为公司股份，初始转股价格为15.25元/股。此后，因公司实施年度权益分配与利润分配方案，转股价格历经多次调整，至今调整为9.42元/股。

• 2021年6月18日：转股价调为9.9元/股
• 2022年6月23日：转股价调为9.75元/股
• 2023年6月15日：转股价调为9.66元/股
• 2024年7月3日：转股价调为9.55元/股
• 2025年7月17日：转股价调为9.42元/股

三、转股价格修正条款及触发机制详解

根据《募集说明书》约定，若公司股票在任意连续30个交易日中至少有15个交易日的收盘价低于当期转股价格的80%，公司董事会有权提出转股价格向下修正方案，并提交股东大会审议表决。此修正需经出席会议股东三分之二以上表决权通过，对持有“国投转债”的股东实行回避表决。修正后的转股价不得低于相关均价、净资产和面值。

此次公告显示，2026年3月13日至26日期间已出现10个交易日收盘价低于7.54元/股，后续如连续20个交易日中再有5个交易日收盘价低于该水平，将正式触发修正条件。届时，公司将召开董事会决定是否修正转股价格，并及时披露相关信息。

四、对股东与投资者的影响及投资风险提示

• 转股价格向下修正或将稀释公司股份： 若转股价格被下调，转债持有人转股意愿可能增强，导致股本被稀释，对现有股东权益构成潜在影响。
• 对转债价格与正股价格有直接影响： 下修转股价通常对转债价格形成支撑，但对正股则有稀释压力，需关注市场反应。
• 重要决策需股东大会通过： 转股价修正需经三分之二以上表决权通过，股东需关注相关会议及议案。
• 持有转债股东需回避表决： 相关安排确保利益回避，维护一般股东权益。

五、后续事项与建议

公司承诺严格依照法律法规和募集说明书履行信息披露义务。投资者应及时关注公司后续公告，综合评估投资风险，理性决策。

如需了解“国投转债”更多情况，可查阅公司于2020年7月21日在上交所网站披露的《募集说明书》全文。

免责声明： 本文内容基于公司公告及公开信息整理，不构成任何投资建议。投资者据此操作，风险自负。请关注公司后续公告，理性判断和决策。

English Version

SDIC Capital Announces Possible Trigger for Downward Revision of Convertible Bond Conversion Price

On March 27, 2026, SDIC Capital Co., Ltd. (600061.SH) announced that its convertible bond “SDIC Convertible Bond” (110073) is expected to trigger the conditions for downward revision of the conversion price. This could have a significant impact on both the stock and bond prices. Investors should pay close attention to the developments.

I. Key Highlights of the Announcement

• Convertible Bond Code: 110073 (“SDIC Convertible Bond”)
• Current Conversion Price: RMB 9.42/share
• Conversion Period: February 1, 2021 to July 23, 2026
• From March 13 to March 26, 2026, the company’s stock closed below 80% of the current conversion price (i.e., below RMB 7.54/share) for 10 trading days, expected to trigger the downward revision condition.

II. Convertible Bond Issuance and Conversion Price Adjustment History

SDIC Capital issued RMB 8 billion convertible bonds on July 24, 2020 (80 million bonds at RMB 100 each, 6-year term). The bonds were listed on the SSE on August 20, 2020, and became convertible into shares from February 1, 2021, with an initial conversion price of RMB 15.25/share. The conversion price was adjusted several times due to annual profit distributions:

• June 18, 2021: Adjusted to RMB 9.9/share
• June 23, 2022: Adjusted to RMB 9.75/share
• June 15, 2023: Adjusted to RMB 9.66/share
• July 3, 2024: Adjusted to RMB 9.55/share
• July 17, 2025: Adjusted to RMB 9.42/share

III. Details of Conversion Price Revision Clause and Trigger Mechanism

According to the offering prospectus, if the company’s share price closes below 80% of the current conversion price for at least 15 out of any 30 consecutive trading days, the Board has the right to propose a downward revision of the conversion price, subject to approval by two-thirds of the voting rights at a shareholders’ meeting. Holders of the convertible bonds must abstain from voting. The adjusted conversion price cannot be lower than the average trading price for the relevant period, the most recent audited net asset value per share, or the par value.

The company noted that there have already been 10 trading days below the threshold between March 13 and 26, 2026. If, in the next 20 consecutive trading days, there are 5 more such days, the condition will be officially triggered. The Board will then decide whether to adjust the conversion price and disclose the outcome promptly.

IV. Impact and Risk Reminder for Shareholders and Investors

• Potential Dilution if Conversion Price is Lowered: Lower conversion prices may encourage bondholders to convert, increasing the number of shares and diluting existing shareholders’ interests.
• Direct Impact on Bond and Stock Prices: Downward adjustment typically supports the bond price but may pressure the share price due to dilution.
• Shareholders’ Approval Required: The adjustment is subject to approval by at least two-thirds of shareholders present at the meeting.
• Bondholders Abstain from Voting: Ensures fair decision-making for general shareholders.

V. Next Steps and Suggestions

The company will fulfill disclosure obligations according to laws and the prospectus. Investors should pay attention to subsequent announcements and assess risks before making decisions.

For more details, refer to the full prospectus disclosed on July 21, 2020, on the SSE website.

Disclaimer: This article is based on publicly available information and does not constitute investment advice. Investors are advised to make decisions with caution and at their own risk. Please follow further company announcements.

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