Securities code: Shandong Liancheng Precision Manufacturing Co.Ltd(002921) securities abbreviation: Shandong Liancheng Precision Manufacturing Co.Ltd(002921) Announcement No.: 2022010 bond Code: 128120 bond abbreviation: Liancheng convertible bond
Shandong Liancheng Precision Manufacturing Co.Ltd(002921)
Announcement on the price adjustment of "Liancheng 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.
Special tips:
1. Before this adjustment, the conversion price of "Liancheng convertible bonds" was 18.44 yuan / share;
2. After this adjustment, the conversion price of "Liancheng convertible bonds" is 18.07 yuan / share;
3. Effective date of share conversion price adjustment: March 23, 2022.
1、 Basic information of convertible bond issuance and listing
With the approval of the reply on approving Shandong Liancheng Precision Manufacturing Co.Ltd(002921) public issuance of convertible corporate bonds (zjxk [2020] No. 802) issued by China Securities Regulatory Commission, Shandong Liancheng Precision Manufacturing Co.Ltd(002921) (hereinafter referred to as "the company") publicly issued 2.6 million convertible corporate bonds (the bonds are referred to as "Liancheng convertible bonds" and the bond code is "128120") on July 17, 2020 and has been listed and traded on Shenzhen Stock Exchange since August 17, 2020.
According to relevant regulations and the provisions of the prospectus for Shandong Liancheng Precision Manufacturing Co.Ltd(002921) public offering of convertible corporate bonds (hereinafter referred to as the "prospectus"), Liancheng convertible bonds will enter the conversion period from January 25, 2021, and the initial conversion price is 24.37 yuan / share.
The company implemented the 2020 equity distribution plan on May 11, 2021. According to the provisions of the prospectus, the conversion price of Liancheng convertible bonds was adjusted from the original 24.37 yuan / share to 18.44 yuan / share from May 11, 2021.
2、 Adjustment basis of conversion price
According to the relevant provisions and the provisions of the prospectus, after the issuance of Liancheng convertible bonds, 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), allots shares and distributes cash dividends, the company will make cumulative adjustment to the conversion price according to the sequence of the above conditions.
According to the reply on approving Shandong Liancheng Precision Manufacturing Co.Ltd(002921) non-public offering of shares (zjxk [2021] No. 3839) issued by China Securities Regulatory Commission, the company is approved to issue no more than 31824228 new shares in this non-public offering. The company actually issued 25 Sichuan Em Technology Co.Ltd(601208) RMB ordinary shares (a) to specific investors, with a par value of RMB 1.00 per share and an issue price of RMB 16.55 per share. The company has received the confirmation of acceptance of share registration application (business No.: 101 Shenzhen Properties & Resources Development (Group) Ltd(000011) 755) issued by Shenzhen Branch of China Securities Depository and Clearing Corporation on March 11, 2022. After the relevant shares are registered, they will be officially included in the register of shareholders of the listed company. Therefore, the price of convertible bonds and shares of Liancheng will be adjusted, and this adjustment is in line with the relevant provisions of the prospectus.
3、 Adjustment formula and result of conversion price
According to the relevant provisions of the prospectus and relevant provisions, the specific adjustment formula of the conversion price is as follows: additional issuance of new shares or allotment of shares: P = (P0 + a) × K)/(1+K)
Where: P is the conversion price after adjustment, P0 is the conversion price before adjustment, a is the price of issuing new shares or allotment, and K is the rate of issuing new shares or allotment. (keep two decimal places and round the last one)
According to the above plan, the conversion price of Liancheng convertible bonds is based on the above additional issuance of new shares or allotment of shares, P = (P0 + a) × K) / (1 + k) adjustment formula adjustment, that is, before the adjustment, the conversion price P0 is 18.44 yuan / share, the new share price a is 16.55 yuan / share, and the new share issuance rate k per share is 24.13% (25 Sichuan Em Technology Co.Ltd(601208) / 106082008, calculated based on the total share capital on March 10, 2022). Therefore, the conversion price of Liancheng convertible bonds will be adjusted from the original 18.44 yuan / share to 18.07 yuan / share. The adjusted bond to equity conversion price of Liancheng will take effect from March 23, 2022.
It is hereby announced.
Shandong Liancheng Precision Manufacturing Co.Ltd(002921) board of directors
March 21, 2002
