Securities code: Luxshare Precision Industry Co.Ltd(002475) securities abbreviation: Luxshare Precision Industry Co.Ltd(002475) Announcement No.: 2022020 bond Code: 128136 bond abbreviation: Lixun convertible bond
Luxshare Precision Industry Co.Ltd(002475)
Announcement on the price adjustment of “Lixun convertible bonds”
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.
Important:
Before adjustment, the conversion price of “instant bond” (bond Code: 128136) was 57.97 yuan / share;
After adjustment, the conversion price of “Lixun convertible bonds” is 57.93 yuan / share;
Starting date of share conversion price adjustment: March 8, 2022.
1、 Basis for price adjustment of convertible corporate bonds
According to the provisions of “adjustment and calculation method of conversion price” in the prospectus for the public offering of convertible corporate bonds (hereinafter referred to as the “prospectus”) of Luxshare Precision Industry Co.Ltd(002475) company (hereinafter referred to as the “company”), after the issuance of convertible corporate bonds (hereinafter referred to as “Lixun convertible bonds”, bond code “128136”, hereinafter referred to as “convertible bonds”), When the company distributes bonus shares, increases its share capital, issues new shares (excluding the increased share capital due to the conversion of convertible corporate bonds issued this time), allots shares and distributes cash dividends, the company will cumulatively adjust the conversion price according to the order of occurrence of the above conditions. The specific adjustment methods are as follows:
Assuming that the conversion price before adjustment is P0, the ratio of share bonus or conversion to share capital is n, the ratio of additional shares or allotment per share is k, the price of additional shares or allotment per share is a, the cash dividend per share is D, and the conversion price after adjustment is P1 (the adjusted value retains two decimal places, and the last one is rounded), then:
Distribution of bonus shares or conversion to share capital: P1 = P0 / (1 + n);
Additional shares or allotment: P1 = (P0 + a) × K）/（1＋K）；
The above two items are carried out simultaneously: P1 = (P0 + a) × K）/（1＋N＋K）；
Distribution of cash dividends: P1 = p0-d;
When the above three items are carried out simultaneously: P1 = (p0-d + a) × K）/（1＋N＋K）。
When the above shares and / or shareholders’ equity changes, the company will adjust the conversion price in turn, publish the announcement of the conversion price adjustment on the information disclosure media of listed companies designated by the China Securities Regulatory Commission, and specify the date of the conversion price adjustment, the adjustment method and the period of suspension of the conversion (if necessary). When the adjustment date of the conversion price is on or after the application date for conversion of convertible corporate bonds issued this time and before the registration date of conversion of shares, the application of the holder for conversion of shares shall be executed according to the adjusted conversion price of the company.
When the company may have share repurchase, merger, division or any other circumstances, which may change the class, quantity and / or shareholder’s equity of the company’s shares, which may affect the creditor’s rights and interests of the holders of convertible corporate bonds issued this time or the derivative rights and interests converted into shares, the company will, according to the specific circumstances, follow the principles of fairness, impartiality The conversion price shall be adjusted in accordance with the principle of fairness and the principle of fully protecting the rights and interests of the holders of convertible corporate bonds issued this time. The adjustment contents and operation methods of the conversion price will be formulated in accordance with the relevant national laws and regulations and the relevant provisions of the securities regulatory department at that time. 2、 The influence of stock option incentive plan’s independent exercise on the conversion price
The exercise period of the second exercise period first granted by the company’s 2019 stock option incentive plan is from July 15, 2021 to April 21, 2022, and the exercise price is 13.59 yuan / share; The exercise period of the third exercise period of the 2018 stock option incentive plan is from December 24, 2021 to September 23, 2022, and the exercise price is 10.17 yuan / share; The exercise period of the second exercise period reserved and granted in the 2019 stock option incentive plan is from March 3, 2022 to November 25, 2022, and the exercise price is 13.59 yuan / share. The above exercise is carried out by independent exercise.
On March 3, 2022, the company’s 2018 stock option incentive plan increased 2212582 shares, accounting for 0.0313% of the total share capital; In 2019, the company’s stock option incentive plan granted 508705 shares to incentive objects for the first time, and reserved 3011626 shares to incentive objects for exercise, accounting for 0.0497% of the total share capital. According to the above adjustment basis of share conversion price, the share conversion price of “Lixun convertible bonds” will be adjusted. The specific calculation process is as follows: P1 = (P0 + a2018) × K2018＋A2019 × K2019）/（1＋K2018＋K2019） =（57.97+10.1700313%+13.5900497%）/（1+0.0313%+0.0497%）
=57.93 yuan / share.
The conversion price will be adjusted from 57.97 yuan / share to 57.93 yuan / share, effective from March 8, 2022.
It is hereby announced.
Luxshare Precision Industry Co.Ltd(002475) board of directors
March 7, 2022
