Stock Code: 300580 stock abbreviation: Wuxi Best Precision Machinery Co.Ltd(300580) Announcement No.: 2022-005 bond Code: 123075 bond abbreviation: Bass convertible bond
Wuxi Best Precision Machinery Co.Ltd(300580)
Suggestive announcement that “bass convertible bonds” may meet the redemption conditions
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.
Special tips:
From January 6, 2022 to February 15, 2022, the closing price of the company’s shares has been 10 trading days, and the closing price is not lower than 130% of the current conversion price of 23.74 yuan / share, that is, 30.86 yuan / share. If the closing price of the company’s shares for five trading days in the next six trading days is not lower than 130% (including 130%) of the current conversion price, i.e. 30.86 yuan / share, the conditional redemption clause of “bass convertible bonds” will be triggered. At that time, according to the relevant provisions of the company’s prospectus for issuing convertible corporate bonds to unspecified objects on the Wuxi Best Precision Machinery Co.Ltd(300580) gem (hereinafter referred to as the “prospectus”), the company has the right to decide to redeem all or part of the “bass convertible bonds” that have not been converted into shares at the price of bond face value plus accrued interest in the current period.
1、 Issuance and listing of convertible corporate bonds
(I) issuance of convertible corporate bonds
With the consent of China Securities Regulatory Commission’s zjxk [2020] No. 2571 document for registration, Wuxi Best Precision Machinery Co.Ltd(300580) issued 6 million convertible corporate bonds to unspecified objects on November 2, 2020, with a face value of 100 yuan each and a total issuance amount of 600 million yuan. After giving up the priority sale (including the amount of 60000.00 yuan) to the original underwriter through the online distribution system, some of the balance subscribed by the original underwriter to the public will be given priority by the original underwriter.
(II) listing of convertible corporate bonds
With the consent of Shenzhen Stock Exchange, the company’s 600 million yuan convertible corporate bonds have been listed and traded in Shenzhen Stock Exchange since November 23, 2020. The bonds are referred to as “bass convertible bonds” and the bond code is “123075”.
(III) conversion period of convertible corporate bonds
In accordance with the relevant provisions of the listing rules and the relevant provisions of the prospectus, the convertible bonds issued by the company shall be convertible from the first trading day after the expiration of six months from the date of issuance of convertible bonds to the date of convertible bonds
The maturity date of the debt is from May 6, 2021 to November 1, 2026 (in case of legal holidays or rest days, it will be extended to the first working day thereafter; the interest payment during the extended period will not be calculated separately).
(IV) price adjustment of convertible corporate bonds
The initial conversion price of the company’s convertible bonds is 23.99 yuan / share. On May 24, 2021, the company implemented the profit distribution plan for 2020. According to the relevant provisions of the company’s prospectus and the relevant provisions of China Securities Regulatory Commission on convertible corporate bonds: after the issuance of “bass convertible bonds”, when the company distributes stock dividends, converts to increase share capital, issues new shares or allotments When the company’s shares change due to the distribution of cash dividends (excluding the increased share capital due to the conversion of convertible corporate bonds issued this time), the conversion price will be adjusted. The conversion price of “bass convertible bonds” is adjusted from RMB 23.99/share to RMB 23.74/share. The adjusted conversion price will take effect from May 24, 2021.
2、 Conditional redemption clause of convertible corporate bonds
According to the relevant provisions of the company’s prospectus, during the conversion period of convertible corporate bonds, in case of any of the following two situations, the company has the right to decide to redeem all or part of the convertible corporate bonds that have not been converted according to the face value of the bonds plus the accrued interest in the current period:
1. During the conversion period, if the closing price of the company’s shares on at least 15 trading days in any 30 consecutive trading days is not less than 130% (including 130%) of the current conversion price;
2. When the balance of convertible corporate bonds issued this time is less than 30 million yuan.
The calculation formula of current accrued interest is: ia = B × i × t/365
Ia: interest accrued in the current period;
B: Refers to the total face value of convertible corporate bonds held by the holders of convertible corporate bonds issued this time;
i: Refers to the coupon rate of convertible corporate 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, the conversion price and closing price before the adjustment shall be calculated on the trading day before the adjustment, and the conversion price and closing price after the adjustment shall be calculated on the trading day after the adjustment.
3、 Possible achievements of conditional redemption terms of convertible bonds
From January 6, 2022 to February 15, 2022, the closing price of the company’s shares has been 10 trading days
No less than 130% of the current conversion price of 23.74 yuan / share, i.e. 30.86 yuan / share. If the closing price of the company’s shares for five trading days in the next six trading days is not lower than 130% (including 130%) of the current conversion price, i.e. 30.86 yuan / share, the conditional redemption clause of “bass convertible bonds” will be triggered. At that time, according to the relevant provisions of the company’s prospectus, the company has the right to decide to redeem all or part of the “bass convertible bonds” that have not been converted into shares at the price of the face value of the bonds plus the accrued interest of the current period.
4、 Risk tips
In accordance with the relevant provisions of the measures for the administration of convertible corporate bonds, the Listing Rules of Shenzhen Stock Exchange on the gem, the guide for business handling of companies listed on the gem No. 8 – issuance of convertible corporate bonds to unspecified objects and the relevant provisions of the prospectus, the company will issue an announcement on the next trading day after meeting the redemption conditions, Clearly disclose whether to exercise the redemption right. Please understand the relevant provisions of this convertible bond in detail, pay attention to the follow-up announcement of the company in time and pay attention to the investment risk.
It is hereby announced.
Wuxi Best Precision Machinery Co.Ltd(300580) board of directors February 16, 2002
