Securities code: Zhejiang Double Arrow Rubber Co.Ltd(002381) securities abbreviation: Zhejiang Double Arrow Rubber Co.Ltd(002381) Announcement No.: 2022039 bond Code: 127054 bond abbreviation: double arrow convertible bond
Zhejiang Double Arrow Rubber Co.Ltd(002381)
Announcement on the price adjustment of convertible corporate 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 adjustment, the conversion price of “double arrow convertible bonds” was 7.91 yuan / share
2. After adjustment, the conversion price of “double arrow convertible bonds” is 7.71 yuan / share
3. Effective date of share conversion price adjustment: May 27, 2022
1、 Relevant provisions on the price adjustment of “double arrow convertible bonds”
Approved by the reply on approving Zhejiang Double Arrow Rubber Co.Ltd(002381) public issuance of convertible corporate bonds (zjxk [2021] No. 3594) of China Securities Regulatory Commission, Zhejiang Double Arrow Rubber Co.Ltd(002381) (hereinafter referred to as “the company”) publicly issued 5136400 convertible corporate bonds (bond Code: 127054, bond referred to as “double arrow convertible bonds”) on February 11, 2022, According to the prospectus of Zhejiang Double Arrow Rubber Co.Ltd(002381) public offering of convertible corporate bonds and the relevant provisions of the China Securities Regulatory Commission on the issuance of convertible corporate bonds, after this issuance, when the company distributes bonus shares, converted into share capital, issued new shares, allotted shares and distributed cash dividends (excluding the increased share capital due to the conversion of convertible corporate bonds issued this time), The company will adjust the conversion price according to the following formula:
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 distribution: P1 = P0 － D
When three items are carried out simultaneously: P1 = (P0 － D + a) × K）/（1+N+K）
Where: P1 is the adjusted conversion price (the adjusted value shall be kept to two decimal places, and the last one shall be rounded); P0 is the transfer price before adjustment; N is the ratio of share offering or conversion to share capital; A is the new share price or allotment price; K is the ratio of additional shares or allotment; D is cash dividend per share.
2、 Reasons and results of stock conversion price adjustment
The company’s 2021 annual equity distribution plan was reviewed and approved by the company’s 2021 annual general meeting on May 16, 2022. The specific contents of this equity distribution plan are as follows: Taking the total share capital of the company as 411572264 shares on December 31, 2021 as the base, distribute cash dividends of RMB 2.00 (including tax) for every 10 shares, distribute cash dividends of RMB 8231445280, and carry forward the remaining undistributed profits to the next year; No bonus shares will be given and no capital reserve will be converted into share capital. If the total share capital of the company changes before the implementation of the distribution plan, a cash dividend of 2.00 yuan (including tax) will be distributed to all shareholders for every 10 shares based on the total share capital on the equity registration date when the distribution plan is implemented in the future, and the specific amount shall be subject to the actual distribution.
The company plans to implement the 2021 profit distribution plan on May 27, 2022 (the equity registration date is May 26, 2022). For details, see the announcement on the implementation of 2021 annual equity distribution (No.: 2022038) disclosed by the company on the same day.
According to the prospectus of Zhejiang Double Arrow Rubber Co.Ltd(002381) public offering of convertible corporate bonds and the relevant provisions of China Securities Regulatory Commission on the issuance of convertible corporate bonds, the conversion price of Shuangjian convertible bonds is adjusted from the original 7.91 yuan / share to 7.71 yuan / share. The specific calculation process is as follows:
P1 = p0-d = 7.91-0.20 = 7.71 yuan / share.
The ex dividend price adjustment takes effect from February 27, 2025.
It is hereby announced.
Zhejiang Double Arrow Rubber Co.Ltd(002381) board of directors
May 19, 2002
