Securities code: 300088 securities abbreviation: Wuhu Token Sciences Co.Ltd(300088) Announcement No.: 2022-003 bond Code: 123022 bond abbreviation: Changxin convertible bond
Wuhu Token Sciences Co.Ltd(300088)
Suggestive announcement on not redeeming "Changxin convertible bonds" in advance
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Wuhu Token Sciences Co.Ltd(300088) (hereinafter referred to as "the company") held the 21st Meeting of the 6th board of directors on February 10, 2022, deliberated and adopted the proposal on not redeeming "Changxin convertible bonds" in advance. The specific situation is hereby announced as follows:
1、 Basic information of "Changxin convertible bonds"
With the approval of "zjxk [2019] No. 258" document of China Securities Regulatory Commission, Wuhu Token Sciences Co.Ltd(300088) (hereinafter referred to as "the company") publicly issued 12.3 million convertible corporate bonds on March 18, 2019, with a face value of 100 yuan each, a total issuance amount of 1230 million yuan and a term of 6 years. With the consent of SZS [2019] No. 178 document of Shenzhen Stock Exchange, the company's 1230 million yuan convertible corporate bonds have been listed and traded on Shenzhen Stock Exchange since April 10, 2019. The bonds are referred to as "Changxin convertible bonds" for short and the bond code is "123022". From September 23, 2019, Changxin convertible bonds can be converted into shares of the company, and the initial conversion price is 6.38 yuan / share.
Due to the implementation of the profit distribution plan in 2018, the conversion price of Changxin convertible bonds was adjusted from the original 6.38 yuan / share to 6.25 yuan / share. The adjusted conversion price came into effect on May 27, 2019. For details, please refer to the company's website (www.cn. Info. Com. CN.) on May 21, 2019 Announcement on price adjustment of convertible corporate bonds (Announcement No.: 2019-049).
Due to the implementation of the 2019 profit distribution plan, the share conversion price of Changxin convertible bonds is adjusted from the original 6.25 yuan / share to 6.15 yuan / share. The adjusted share conversion price will take effect on June 16, 2020. For details, please refer to the company's website on June 10, 2020 (www.cn. Info. Com. CN.) Announcement on price adjustment of convertible corporate bonds (Announcement No.: 2020-040).
Due to the implementation of the profit distribution plan in 2020, the conversion price of Changxin convertible bonds is adjusted from the original 6.15 yuan / share to 6.05 yuan / share. The adjusted conversion price will take effect on June 17, 2021. For details, please refer to the company's website on June 9, 2021 (www.cn. Info. Com. CN.) Announcement on price adjustment of convertible corporate bonds (Announcement No.: 2021-034).
2、 Achievements of conditional redemption terms of "Changxin convertible bonds"
According to the company's prospectus for public offering of convertible corporate bonds (hereinafter referred to as the "prospectus"), the terms of conditional redemption are as follows:
During the conversion period of the convertible bonds issued this time, in case of any of the following two situations, the company has the right to decide to redeem all or part of the convertible bonds not converted into shares at the price of the face value of the bonds plus the accrued interest in the current period: ① during the conversion period of the convertible bonds issued this time, If the closing price of the company's shares for at least 15 consecutive trading days is not lower than 130% (including 130%) of the current conversion price;
② When the balance of convertible bonds issued this time is less than 30 million yuan.
The calculation formula of current interest is: ia = B × i × t/365
Ia: interest accrued in the current period;
B: Refers to the total face value of convertible bonds held by the holders of convertible bonds issued this time;
i: Refers to the coupon rate of convertible bonds in the current year;
t: Refers to the number of interest days, that is, the actual calendar days from the last interest payment date to the redemption date of this interest year (the beginning does not count the end).
If the conversion price has been adjusted within the above 30 trading days, it shall be calculated according to the conversion price and closing price before the conversion price adjustment day, and according to the adjusted conversion price and closing price on the conversion price adjustment day and subsequent trading days.
3、 Achievements of conditional redemption terms of "Changxin convertible bonds"
During the period from December 23, 2021 to February 10, 2022, the closing price of the company's shares for at least 15 consecutive trading days is not lower than 130% (7.87 yuan / share) of the current conversion price (6.05 yuan / share) of the company's "Changxin convertible bonds". According to the provisions of the prospectus, the redemption terms of "Changxin convertible bonds" have been triggered.
4、 Reasons and deliberation procedures for non early redemption of "Changxin convertible bonds" this time
On February 10, 2022, the company held the 21st Meeting of the 6th board of directors, deliberated and passed the proposal on not redeeming "Changxin convertible bonds" in advance. Considering the current market situation and the actual situation of the company, the board of directors decided not to exercise the right of redemption of "Changxin convertible bonds" and not to redeem "Changxin convertible bonds" in advance, At the same time, it is decided that in the next three months (i.e. from February 11, 2022 to May 10, 2022), if the company triggers the redemption terms of "Changxin convertible bonds" again, it will not exercise the right of early redemption and will not redeem "Changxin convertible bonds" in advance. Recalculated on the first trading day after May 10, 2022, if the conditional redemption clause is triggered again by the "Changxin convertible bonds", the board of directors will hold a separate meeting to decide whether to exercise the early redemption right of the "Changxin convertible bonds".
5、 The actual controllers, controlling shareholders, shareholders holding more than 5%, directors, supervisors and senior managers have traded "Changxin convertible bonds" within six months before the redemption conditions are met
According to the self-examination of the company, within 6 months before the redemption conditions of this "Changxin convertible bonds" are met, the actual controller, controlling shareholder, shareholders holding more than 5%, directors, supervisors and senior managers of the company do not trade "Changxin convertible bonds".
It is hereby announced.
Wuhu Token Sciences Co.Ltd(300088) board of directors February 10, 2022
