Securities code: 600831 securities abbreviation: Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) No.: Lin 2022-003 convertible bond Code: 110044 convertible bond abbreviation: Radio and television convertible bond
Shaanxi Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) media (Group) Co., Ltd
Announcement on risk warning of radio and television convertible bond transaction
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
On February 23, 2022, the price of radio and television convertible bonds fluctuated greatly, with an amplitude of 43.27% on the same day, which triggered the temporary intraday suspension twice. Radio and television convertible bonds closed up 22.37% and the turnover rate was 570.70%.
As of February 23, 2022, the price of radio and television convertible bonds is 255.47 yuan / piece, the conversion premium rate is 141.08%, and the pure bond premium rate is 147.01%, which has great valuation risk.
According to relevant rules, there is no limit on the rise and fall of convertible bond transactions, which may lead to the risk of sharp price fluctuations.
Please pay attention to the transaction risk, valuation risk and redemption risk in the secondary market of radio and television convertible bonds. The convertible corporate bonds of the company have been listed and traded on Shanghai Stock Exchange since July 24, 2018. The convertible bonds are referred to as “radio and television convertible bonds” for short, and the convertible bond code is “110044”. Radio and television convertible bonds can be converted into shares of the company from January 3, 2019, and the current conversion price is 6.87 yuan / share. The following risk tips are made for radio and television convertible bonds: 1. The price of radio and television convertible bonds fluctuated greatly on February 23, 2022, with an amplitude of 43.27% on the same day, which triggered the temporary suspension of trading twice. Radio and television convertible bonds closed up 22.37% and the turnover rate was 570.70%. According to relevant rules, there is no limit on the rise and fall of convertible bond transactions, which may lead to the risk of sharp price fluctuations.
2. As of February 23, 2022, the price of radio and television convertible bonds was 255.47 yuan / piece, 155.47% higher than the nominal price. According to wind (Wande information), the value of radio and television convertible bonds after conversion according to the current conversion price is 105.97 yuan, with a conversion premium rate of 141.08% and a pure bond premium rate of 147.01%. There is a large valuation risk. 3. According to the company’s prospectus for public issuance of convertible corporate bonds, when the total face value of the convertible bonds issued this time is less than 30 million yuan, the issuer will redeem all the convertible bonds not converted into shares at the price of face value plus accrued interest in the current period. As of February 22, the non convertible balance of convertible corporate bonds issued by the company was 70.78 million yuan. If this clause is triggered in the future, there is a risk of forced redemption. 4. If the redemption terms of radio and television convertible bonds are triggered and the company starts redemption, investors can only choose to be forcibly redeemed at the face price of 100 yuan / piece plus the accrued interest of the current period, and will face large investment losses, except for continuing trading in the secondary market within the specified time limit or converting shares according to the conversion price.
5. As of the date of this announcement, the controlling shareholder and actual controller of the company have not held radio and television convertible bonds, and have not traded radio and television convertible bonds in the last six months.
Please pay attention to the secondary market transaction risk, valuation risk and redemption risk of radio and television convertible bonds. It is hereby announced.
Board of directors of Shaanxi Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) media (Group) Co., Ltd
February 23, 2022
