Securities code: 002475 securities abbreviation: Luxshare Precision Industry Co.Ltd(002475) Announcement No.: 2021-106 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 58.16 yuan / share;
After adjustment, the conversion price of “Lixun convertible bonds” is 58.05 yuan / share;
Start date of share conversion price adjustment: December 29, 2021.
1、 Basis for price adjustment of convertible corporate bonds
According to the provisions of “adjustment and calculation method of conversion price” in the Luxshare Precision Industry Co.Ltd(002475) (hereinafter referred to as the “company”) prospectus for public issuance of convertible corporate bonds (hereinafter referred to as the “prospectus”), in the convertible corporate bonds (the bonds are referred to as “Lixun convertible bonds”, the bond code is “128136”, and hereinafter referred to as “convertible bonds”) ）After the issuance, when the company distributes bonus shares, converts to increased share capital, issues additional 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 distributed 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:
Bonus shares distributed or converted into 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 conversion price adjustment on the information disclosure media of listed companies designated by the China Securities Regulatory Commission, and specify the date of conversion price adjustment Adjustment method and suspension of share conversion period (if necessary). When the date of share conversion price adjustment is on or after the application date for share conversion of the holders of convertible corporate bonds issued this time and before the registration date of conversion shares, the holder’s application for share conversion shall be executed according to the adjusted share conversion price of the company.
When the company’s share repurchase, merger, division or any other circumstances may change the class, number and / or shareholders’ 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, act in a fair and just manner The conversion price shall be adjusted according to 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 authorities at that time. 2、 The influence of stock option incentive plan on stock conversion price
The exercise period of the second exercise period first granted by the company’s stock option incentive plan in 2019 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 above exercise is carried out by independent exercise.
During the period from November 6, 2021 to December 24, 2021, the company’s 2018 stock option incentive plan incentive objects exercised their rights and increased their share capital by 14413326 shares, Accounting for 0.2044% of the total share capital (excluding the number of new shares due to share conversion, the same below); the company’s stock option incentive plan in 2019 granted 1112879 shares to incentive objects for the first time, and reserved 41598 shares to incentive objects for exercise. A total of 1154477 shares were newly added, accounting for 0.0164% of the total share capital. According to the above basis for share conversion price adjustment, “Lixun convertible bonds” The conversion price will be adjusted. The specific calculation process is as follows: P1 = (P0 + a2018) × K2018＋A2019 × K2019) / (1 + k2018 + k2019) = [58.16 + 10.17 * 0.2044% + 13.59 * 0.0164%] / (1 + 0.2044% + 0.0164%) = 58.05 yuan / share.
The conversion price will be adjusted from 58.16 yuan / share to 58.05 yuan / share, which will take effect from December 29, 2021.
It is hereby announced.
Luxshare Precision Industry Co.Ltd(002475) board of directors
December 28, 2021
