闻泰科技拟向下修正“闻泰转债”转股价格 重大事项公告
要点摘要
- 转股价格再度触发下修条款：2026年4月10日至2026年5月26日期间，闻泰科技股票在任意连续三十个交易日中，有十五个交易日的收盘价低于当期转股价格32.66元/股的85%，已触发可转债转股价向下修正条款。
- 董事会提议向下修正转股价：公司董事会已审议通过转股价格向下修正的议案，待提交股东大会审议。
- 修正后的转股价格或进一步下调：修正后的转股价不得低于股东大会召开日前20个交易日及前一交易日公司股票交易均价，如上述任一指标高于调整前转股价格，则本次无需调整。
- 对投资者和债券持有人影响重大：转股价调整为债券转换为股票的关键价格，影响公司资本结构及未来股价表现。
- 持有转债的股东需回避表决：股东大会表决时，持有“闻泰转债”的股东将需回避。
详细内容
一、闻泰转债发行及历次转股价格调整回顾
闻泰科技于2021年7月28日公开发行8,600万张可转换公司债券，总额86亿元，期限6年，票面利率逐年递增。可转债自2021年8月20日在上交所挂牌，2022年2月7日起可转换为公司股份。自发行以来，转股价格历经多次调整，分别因股权激励、权益分派及转股价格下修等事由，初始转股价由96.67元/股多次调整，2026年4月10日前最后一次调整为32.66元/股。
二、转股价格下修条款与本次触发情况
根据募集说明书规定，如公司股票在任意连续三十个交易日中至少有十五个交易日的收盘价低于当期转股价格的85%，董事会有权提出向下修正转股价的方案并提交股东大会审议。此次已满足上述条件，意味着转债持有人有望在更低价格将债券转为股票。
三、本次转股价格下修的审议与流程
- 董事会于2026年5月26日召开会议，审议通过了《关于向下修正“闻泰转债”转股价格的议案》，并将该议案提交股东大会审议。
- 本次向下修正后的转股价格，不得低于股东大会召开日前二十个交易日公司股票交易均价和前一交易日股票均价。若上述均价高于调整前价格，则无需调整。
- 董事会将获得股东大会授权，办理转股价格修正的全部相关事宜，包括确定最终转股价、生效日期等。
四、对投资者和市场的影响及风险提示
- 对投资者：转股价格下调意味着转债持有人可按更低价格转为公司股票，增加转股吸引力，有望提升转股率，优化公司资本结构。
- 对股价的潜在影响：转股价下修或导致股份摊薄，短期内可能对股价形成压力，但也有助于公司资本流动性和长期发展。
- 风险提示：转股价下修还需股东大会审议通过，需出席会议的三分之二表决权支持，持有转债的股东需回避表决。投资者应持续关注公司后续公告，注意投资风险。
五、后续安排
公司将根据股东大会审议结果，及时公告最终转股价格及实施日期。相关事项的顺利推进将优化资本结构，维护投资者权益。
结语
本次闻泰科技拟向下修正“闻泰转债”转股价格属于重大事项，或对公司股价及投资者利益产生重要影响。建议投资者密切关注公司后续公告及股东大会决议。
免责声明：本文信息来源于公司公告，仅供投资者参考，不构成投资建议。投资有风险，入市需谨慎。
English Version
Wentai Technology Proposes Downward Revision of “Wentai Convertible Bond” Conversion Price – Major Investor Announcement
Key Highlights
- Conversion Price Downward Revision Triggered Again: Between April 10, 2026 and May 26, 2026, Wentai Technology’s stock closed below 85% of the prevailing conversion price (RMB 32.66/share) on 15 out of 30 consecutive trading days, triggering the convertible bond’s downward revision clause.
- Board Proposes Downward Revision: The Board has approved a proposal to lower the conversion price, subject to shareholder meeting approval.
- Potential for Further Conversion Price Reduction: The revised conversion price cannot be lower than the average trading price of the company’s shares over the 20 trading days before the shareholder meeting or the previous trading day, whichever is higher. If these averages are above the current conversion price, no adjustment will be made.
- Material Impact for Investors and Bondholders: The conversion price is crucial for bondholders converting bonds to equity, impacting the company’s capital structure and future share performance.
- Bondholder Abstention from Voting: Shareholders holding “Wentai Convertible Bonds” must abstain from voting on this proposal.
Detailed Information
1. Issuance Summary and Conversion Price Adjustments
Wentai Technology issued 86 million convertible bonds (RMB 8.6 billion) in July 2021, maturing in 6 years with progressive coupon rates. These bonds have been listed since August 2021 and convertible to shares since February 2022. The conversion price has been adjusted multiple times due to equity incentives, profit distributions, and previous downward revisions, falling from the initial RMB 96.67/share to RMB 32.66/share before this latest proposal.
2. Downward Revision Clause and Current Trigger
Per the prospectus, if the closing price of the company’s shares is below 85% of the current conversion price on at least 15 trading days out of any 30 consecutive trading days, the Board may propose a downward revision, subject to shareholder approval. This condition has now been triggered, potentially allowing bondholders to convert at a lower price.
3. Discussion and Process for Downward Revision
- The Board met on May 26, 2026, and passed the proposal to lower the conversion price for “Wentai Convertible Bonds”, which will be submitted for shareholder approval.
- The revised conversion price must not be lower than the average trading price over the 20 trading days before the shareholder meeting or the previous trading day’s average. If either is higher than the current price, the adjustment will not proceed.
- The Board requests authorization from shareholders to handle all matters regarding this downward revision, including setting the final price and effective date.
4. Impact on Investors and Market Risks
- For Investors: Lowering the conversion price makes conversion more attractive, likely increasing conversion rates and optimizing the company’s capital structure.
- Potential Share Price Impact: While increasing share count could create short-term downward pressure, it also improves capital flexibility and supports long-term growth.
- Risks: The proposal must gain two-thirds support at the shareholder meeting, with bondholders abstaining. Investors should monitor further company announcements and consider investment risks.
5. Next Steps
The company will promptly announce the final conversion price and implementation date after the shareholder meeting. Successful implementation will optimize the capital structure and protect investor interests.
Conclusion
This proposal to lower the conversion price of “Wentai Convertible Bonds” is a significant event that may impact the company’s share price and investor interests. Investors are advised to closely follow subsequent announcements and the outcome of the shareholder meeting.
Disclaimer: The information herein is based on official company announcements and is for reference only. It does not constitute investment advice. Please exercise caution and independent judgment when investing.
