Securities code: Trina Solar Co.Ltd(688599) securities abbreviation: Trina Solar Co.Ltd(688599) Announcement No.: 2022026 convertible bond Code: 118002 convertible bond abbreviation: Trina Solar convertible bond
Suggestive announcement on early redemption of “Trina Solar convertible bonds”
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law. Important content tips:
Trina Solar Co.Ltd(688599) (hereinafter referred to as “the company” or “the company”) shares have been traded for 15 consecutive trading days from February 24, 2022 to March 16, 2022, and the closing price is not lower than 130% (including 130%) of the current conversion price of 50.40 yuan / share, that is, 65.52 yuan / share. In accordance with the relevant provisions and the conditional redemption terms in the prospectus for Trina Solar Co.Ltd(688599) issuing convertible corporate bonds to unspecified objects (hereinafter referred to as the prospectus), the early redemption conditions of “Trina convertible bonds” have been triggered.
The company has held the 16th meeting of the second board of directors on March 16, 2022 and decided to exercise the right of early redemption.
Before the closing of the market on the redemption registration date, the holder of “Trina convertible bonds” can choose to continue trading in the bond market or convert into shares of the company at the conversion price of 50.40 yuan / share (the holder of convertible bonds can consult the opening securities company for specific matters of share conversion). After the closing of the redemption registration day, the “Trina Solar convertible bonds” that have not been converted into shares will stop trading and conversion, and the company will forcibly redeem the bonds according to the face value of 100 yuan / piece plus the accrued interest of the current period. After the redemption, “Trina convertible bonds” will be delisted in Shanghai Stock Exchange.
The redemption price of this convertible bond may be different from the market price of “Trina convertible bond”, and forced redemption may lead to investment loss. If the “Trina Solar convertible bonds” held by investors are pledged or frozen, it is suggested to lift the pledge and freeze in advance to avoid the situation that the transaction cannot be forcibly redeemed. The company invites investors to understand the relevant provisions of convertible bonds in detail and pay attention to investment risks.
See the announcement of Trina Solar Co.Ltd(688599) on redemption and delisting of “Trina Solar convertible bonds” issued by the company for details of relevant redemption registration date, redemption procedure, price and time.
1、 Overview of convertible bond issuance and listing
(I) the company issued 52.52 million convertible corporate bonds to unspecified objects on August 13, 2021, with a face value of 100 yuan each and a total issuance amount of 52.52 million yuan, with the consent of the China Securities Regulatory Commission for registration in the document “Zheng Jian Ke Ke [2021] No. 2339”. The issuance method is to give priority to the original shareholders registered by China Clearing Shanghai branch after the closing of the company’s equity registration date (August 12, 2021, t-1), The balance after the preferential placement of the original shareholders (including the part that the original shareholders give up the preferential placement) is distributed offline to institutional investors and sold online to public investors through the trading system of Shanghai Stock Exchange, and all the balance is underwritten by the sponsor (lead underwriter).
(II) with the consent of the self regulatory decision of Shanghai Stock Exchange ([2021] No. 373), the company’s 5252 million yuan convertible corporate bonds have been listed and traded in Shanghai Stock Exchange since September 1, 2021. The bonds are referred to as “Trina Solar convertible bonds” for short and the bond code is “118002”.
(III) according to relevant regulations and the provisions of the prospectus, the “Trina convertible bonds” issued by the company can be converted into shares of the company from February 21, 2022, and the initial conversion price of “Trina convertible bonds” is 50.51 yuan / share.
According to the relevant provisions of the prospectus, after the issuance of Trina Solar convertible bonds, because the company completed the ownership registration of the first ownership period of the 2020 restricted stock incentive plan, the company adjusted the conversion price accordingly, and the conversion price was adjusted from 50.51 yuan / share to 50.40 yuan / share, For details, please refer to the company’s disclosure on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on February 15, 2022 Announcement of Trina Solar Co.Ltd(688599) on the adjustment of the conversion price of convertible corporate bonds “Trina Solar convertible bonds” (Announcement No.: 2022010) and on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on February 19, 2022 The announcement of Trina Solar Co.Ltd(688599) on not adjusting the price of convertible bonds after the ownership registration of some restricted shares is completed (Announcement No.: 2022017). 2、 Achievements of conditional redemption terms of convertible bonds
(I) conditional redemption clause
According to the provisions of the company’s prospectus, during the share conversion period, if the closing price of the company’s A-share shares is not less than 130% (including 130%) of the current share conversion price for at least 15 consecutive trading days, or the balance of the convertible corporate bonds issued this time is less than 30 million yuan, The company has the right to redeem all or part of the convertible corporate 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.
If the company’s conversion price is adjusted due to ex rights and ex dividend 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.
(II) achievements of conditional redemption clauses
During the period from February 24, 2022 to March 16, 2022, the closing price of the company’s shares has been no less than 130% (including 130%) of the current conversion price of 50.40 yuan / share of “Trina convertible bonds”, i.e. 65.52 yuan / share. According to the relevant provisions of conditional redemption clauses in the prospectus, the early redemption conditions of “Trina convertible bonds” have been triggered. 3、 Changes in actual controllers, controlling shareholders, shareholders holding more than 5% and directors, supervisors and senior management
Within six months before the “Trina convertible bonds” meet the conditions for early redemption (i.e. from September 17, 2021 to March 16, 2022), the actual controller of the company, Mr. Gao Jifan and the persons acting in concert, Jiangsu Panji Investment Co., Ltd., Jiangsu Qinghai Investment Co., Ltd Shiyan conglomeration technology service partnership (limited partnership) (formerly known as “Changzhou conglomeration technology investment partnership (limited partnership)”, renamed “Shiyan conglomeration technology service partnership (limited partnership)”), Shiyan Bensheng enterprise management partnership (limited partnership) (formerly known as “Changzhou benchuang industrial investment partnership (limited partnership)”, Renamed as “Shiyan Bangsheng enterprise management partnership (limited partnership)”, Yongzhou Yingjia enterprise management partnership (limited partnership) (formerly known as “Changzhou Yingchuang industrial investment partnership (limited partnership)”, renamed as “Yongzhou Yingjia enterprise management partnership (limited partnership)”), Jiangsu youze Technology Group Co., Ltd Shiyan Ruize technology service partnership (limited partnership) (formerly known as “Changzhou RuiChuang investment partnership (limited partnership)”, renamed “Shiyan Ruize technology service partnership (limited partnership)”) and Changzhou Tianchuang enterprise management consulting partnership (limited partnership) have reduced 18099980 “Tianhe convertible bonds” held by them.
In addition to the above circumstances, the controlling shareholders, shareholders holding more than 5% and directors, supervisors and senior executives of the company had no other transactions of “Trina convertible bonds” in the six months before the “Trina convertible bonds” met the redemption conditions. 4、 Deliberations of the board of directors
On March 16, 2022, the company held the 16th meeting of the second board of directors, deliberated and passed the proposal on the company’s early redemption of “Trina convertible bonds”, and decided to exercise the early redemption right of “Trina convertible bonds” and redeem all the “Trina convertible bonds” registered on the redemption registration date.
The company will disclose the announcement of Trina Solar Co.Ltd(688599) on the redemption and delisting of “Trina Solar convertible bonds” as soon as possible to clarify the specific matters related to the redemption registration date, redemption procedure, price, time and so on. Before the end of the redemption period, the company will issue at least three reminders of the redemption of “Trina convertible bonds” to inform the holders of “Trina convertible bonds” about the specific matters of this redemption. Please pay attention to the subsequent relevant announcements of the company. 5、 Risk tips
Before the closing of the market on the redemption registration date, the holders of “Trina convertible bonds” can choose to continue trading in the bond market or convert them into shares of the company at the conversion price of 50.40 yuan / share. After the closing of the redemption registration day, the “Trina Solar convertible bonds” that have not been converted into shares will stop trading and conversion, and the company will forcibly redeem the bonds according to the face value of 100 yuan / piece plus the accrued interest of the current period. After the redemption, “Trina convertible bonds” will be delisted in Shanghai Stock Exchange.
The redemption price of this convertible bond may be quite different from the market price of “Trina convertible bond”, and the forced redemption may lead to investment loss. Please understand the relevant provisions of convertible bonds in detail, pay attention to the company’s subsequent announcements and pay attention to investment risks.
See the announcement of Trina Solar Co.Ltd(688599) on the implementation of redemption and delisting of “Trina convertible bonds” issued by the company for the specific matters related to the redemption registration date, redemption procedure, price and time of “Trina convertible bonds”.
6、 Contact information
Contact Department: Office of the board of directors
Tel.: 051981588826
Contact email: [email protected].
It is hereby announced.
Trina Solar Co.Ltd(688599) board of directors March 17, 2022
