通威股份发布“通22转债”可选择回售的第二次提示性公告，涉及重要投资者决策信息
一、公告概述
通威股份有限公司（股票代码：600438，债券代码：110085，债券简称：通22转债）于2026年4月24日发布关于“通22转债”可选择回售的第二次提示性公告。此次公告主要通知可转债持有人关于回售权的行使条件、流程、价格及关键时间节点，并对相关投资风险进行了提示。
二、关键要点
- 回售价格： 100.32元人民币/张（含当期应计利息、含税）
- 回售期： 2026年4月29日至2026年5月8日
- 回售资金发放日： 2026年5月13日
- 回售期内“通22转债”停止转股
- 本次回售为可选择性，非强制性，持有人有权决定是否回售
- 风险提示： 截至公告披露日，“通22转债”收盘价格高于本次回售价格，选择回售可能导致持有人蒙受一定经济损失
三、对投资者和股东的影响（涉及价格敏感信息）
- 回售触发条件已生效： 由于通威股份自2026年2月24日至2026年4月21日，连续30个交易日收盘价低于当期转股价的70%，且“通22转债”已进入最后两个计息年度，满足了募集说明书中设定的有条件回售条款。持有人可按规定价格将债券回售给公司。这意味着市场对公司股票的短期表现持谨慎态度，部分投资者可能选择回售获取固定收益，从而影响二级市场流动性和转股预期。
- 债转股通道临时关闭： 回售期内“通22转债”将停止转股功能，仅可交易或回售，可能影响投资者套利或转股计划，导致市场价格波动加大。
- 回售价格与市价倒挂： 公告特别提示，当前转债市场价格高于回售价格，投资者如选择回售将面临实际损失。此信息对短线和套利投资者决策极为关键，可能影响转债及正股价格走势。
- 回售后转债存续量变化： 如回售后流通面值低于3,000万元，转债仍将继续交易，待回售期结束后公司会公告相关处理办法，并在公告后三个交易日停止交易。这或对剩余转债交易流动性造成影响。
四、详细回售流程说明
- 回售条件： 在可转债最后两个计息年度，若公司股票连续30个交易日收盘价低于当期转股价的70%，持有人可按面值加当期应计利息回售。若转股价调整，需重新计算连续30个交易日。
- 应计利息计算： 当期利息为100元×1.80%×64/365，约0.32元/张。第五年票面利率1.80%，计息天数64天（2026年2月24日至4月29日）。
- 回售申报： 回售期间通过上交所系统卖出申报，申报成功不可撤销，申报未成功可在申报期内继续申报。
- 资金发放： 回售资金将于2026年5月13日发放。
五、联系方式
六、结论与投资者建议
本公告明确“通22转债”已触发回售条件，提醒投资者权衡回售与市场出售孰优孰劣，警惕市价与回售价倒挂带来的损失风险。公告内容涉及债券市场流动性、转股预期及公司短期股价表现，具有一定的价格敏感性，建议股东和投资者高度关注回售期内转债及正股价格波动，合理安排投资策略。
免责声明
本文信息仅供参考，不构成任何投资建议。投资者据此操作，风险自负。请详阅公司公告及相关法规，或咨询专业人士。
English Version
Tongwei Co., Ltd. Issues Second Reminder on “Tong 22 Convertible Bonds” Putback Option—Important Information for Investors
1. Announcement Overview
Tongwei Co., Ltd. (Stock Code: 600438, Bond Code: 110085, Bond Short Name: Tong 22 Convertible Bond) released its second reminder announcement regarding the putback option for “Tong 22 Convertible Bonds” on April 24, 2026. The announcement details the exercise conditions, procedures, price, and key dates for the putback option, and provides important risk warnings for investors.
2. Key Highlights
- Putback Price: RMB 100.32 per bond (including accrued interest and tax)
- Putback Period: April 29, 2026, to May 8, 2026
- Putback Payment Date: May 13, 2026
- Conversion Suspension: “Tong 22 Convertible Bonds” will cease conversion during the putback period
- Voluntary Putback: The putback is optional, not mandatory. Holders can decide whether to exercise the right
- Risk Warning: As of the announcement date, the bond’s market price is higher than the putback price; putback may result in economic losses for investors
3. Impact on Investors and Shareholders (Price Sensitive Information)
- Put Option Triggered: Since the company’s shares closed below 70% of the current conversion price for 30 consecutive trading days (Feb 24–Apr 21, 2026) and the bond is in its last two interest accrual years, the put option is active. Investors may choose to put back at fixed price, which could affect bond liquidity and conversion expectations.
- Temporary Suspension of Conversion to Shares: During the putback period, conversion is not allowed, affecting arbitrage and conversion plans, and potentially increasing price volatility.
- Putback Price Lower than Market Price: The announcement warns that exercising the putback at RMB 100.32 is less favorable than selling in the market, which is critical for short-term and arbitrage investors.
- Bond Circulation Impact: If, after putback, the remaining bond value falls below RMB 30 million, trading continues until further notice, after which trading will cease three days post-announcement, impacting liquidity.
4. Detailed Putback Process
- Conditions: In the last two interest years, if the stock closes below 70% of conversion price for 30 consecutive trading days, holders can put back at par plus accrued interest. If conversion price adjusts, the 30-day period resets.
- Accrued Interest Calculation: Year 5 coupon rate is 1.80%, 64 days of interest (from Feb 24 to Apr 29, 2026), approx. RMB 0.32 per bond.
- Submission: Putback applications made via SSE trading system as sell orders during the period; confirmed submissions cannot be revoked.
- Payment: Funds will be paid on May 13, 2026.
5. Contact Information
- Securities Dept.: 028-86168555
6. Conclusion & Advice for Investors
The putback option for “Tong 22 Convertible Bonds” has been triggered. Investors are urged to compare selling in the market versus exercising the putback to avoid potential losses. The announcement is price sensitive due to its impact on bond liquidity, conversion expectation, and potential share price movement. Investors should closely monitor price changes and adjust strategies accordingly.
Disclaimer
This information is for reference only and does not constitute investment advice. Investors act at their own risk. Please refer to official company announcements and regulations, or consult professionals.
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