Securities code: Qingdao Sentury Tire Co.Ltd(002984) securities abbreviation: Qingdao Sentury Tire Co.Ltd(002984) Announcement No.: 2022044
Bond Code: 127050 bond abbreviation: Qilin convertible bond
Qingdao Sentury Tire Co.Ltd(002984)
Announcement on adjusting the price of Qilin convertible bonds and shares
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, complete and free from falsehood
Records, misleading statements or material omissions.
Special tips:
1. Bond Code: 127050; Bond abbreviation: Qilin convertible bond;
2. Conversion price before adjustment: RMB 34.85/share;
3. Adjusted conversion price: RMB 34.68/share;
4. Effective date of share conversion price adjustment: April 29, 2022.
1、 Relevant provisions on the price adjustment of convertible corporate bonds
With the approval of China Securities Regulatory Commission (hereinafter referred to as “CSRC”) “zjxk [2021] No. 2293”, Qingdao Sentury Tire Co.Ltd(002984) (hereinafter referred to as “the company”) publicly issued 21989391 convertible corporate bonds on November 11, 2021, with a face value of 100 yuan each and a total issuance amount of 2198939100 yuan (hereinafter referred to as “the issuance”). With the approval of SZS [2021] No. 1217 document of Shenzhen Stock Exchange, the company’s 2198939100 yuan convertible corporate bonds will be listed and traded in Shenzhen Stock Exchange from December 6, 2021. The bonds are referred to as “Qilin convertible bonds” for short and the bond code is “127050”.
According to the relevant provisions of China Securities Regulatory Commission and Shenzhen Stock Exchange on the issuance of convertible corporate bonds and the relevant provisions of the company’s prospectus for public issuance of convertible corporate bonds:
After this issuance, if the company distributes bonus shares, converts to increased 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 conversion price will be adjusted according to the following formula (keep two decimal places and round the last one):
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 shall be carried out simultaneously: P1 = (P0 + a) × k）/（1+n+k）； Cash dividend: P1 = p0-d; The above three items shall be carried out simultaneously: P1 = (p0-d + a) × k）/（1+n+k）。
Where: P1 is the adjusted conversion price, P0 is the conversion price before the adjustment, n is the ratio of share offering or conversion to share capital, a is the price of new share offering or allotment, K is the ratio of new share offering or allotment, and D is the cash dividend per share.
2、 Reasons and conditions for the price adjustment of convertible corporate bonds
According to the resolution of the company’s 2021 annual general meeting of shareholders, the company’s 2021 annual equity distribution plan will distribute profits to all shareholders in cash based on the company’s existing total share capital of 649668940 shares, distribute cash dividends of 1.7 yuan (including tax) for every 10 shares, and do not give shares or convert reserve funds into share capital. For details, please refer to the company’s disclosure on cninfo (www.cn. Info. Com. CN.) on the same day Announcement on the implementation of annual equity distribution in 2021 (Announcement No.: 2022043). According to the implementation of the annual equity distribution of the company and the relevant provisions on the adjustment of the conversion price of convertible corporate bonds, the conversion price of “Qilin convertible bonds” will be adjusted accordingly:
P1 = p0-d = 34.85 -0.17 = 34.68 (yuan / share)
The conversion price of “Qilin convertible bonds” was adjusted from 34.85 yuan / share to 34.68 yuan / share. “Qilin convertible bonds” has not entered the stock conversion period and does not involve the suspension of stock conversion. The adjusted stock conversion price will take effect from April 29, 2022.
It is hereby announced.
Qingdao Sentury Tire Co.Ltd(002984) board of directors April 22, 2022
