Securities code: Hangzhou Shenhao Technology Co.Ltd(300853) securities abbreviation: Hangzhou Shenhao Technology Co.Ltd(300853) Announcement No.: 2022046 bond Code: 123142 bond abbreviation: Shenhao convertible bond
Hangzhou Shenhao Technology Co.Ltd(300853)
Announcement on the price adjustment of Shenhao convertible bonds and shares
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. Bond abbreviation: Shenhao convertible bond; Bond Code: 123142
2. Conversion price before this adjustment: 34.41 yuan / share
3. The adjusted conversion price: 34.11 yuan / share
4. Effective date of share conversion price adjustment: May 27, 2022
1、 Relevant provisions on the price adjustment of convertible corporate bonds
With the approval of registration of Hangzhou Shenhao Technology Co.Ltd(300853) issuing convertible corporate bonds to unspecified objects (zjxk [2022] No. 233) issued by China Securities Regulatory Commission, Hangzhou Shenhao Technology Co.Ltd(300853) (hereinafter referred to as “the company”) issued 5.5 million convertible corporate bonds (hereinafter referred to as “this issuance”) to unspecified objects, with a face value of 100 yuan each and a total raised capital of 550 million yuan. The listing time of convertible corporate bonds issued this time is April 11, 2022. The bonds are referred to as “Shenhao convertible bonds” for short and the bond code is “123142”.
According to the relevant provisions of the China Securities Regulatory Commission on the issuance of convertible corporate bonds and the prospectus for Hangzhou Shenhao Technology Co.Ltd(300853) issuing convertible corporate bonds to unspecified objects, after this issuance, when the company distributes stock dividends, increases its share capital, issues new shares (excluding the increased share capital due to the conversion of convertible bonds into shares), 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):
Distribution of stock dividends or conversion to 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: P0 is the conversion price before adjustment, n is the share distribution rate or share capital conversion rate, K is the new share issuance rate or share allotment rate, a is the new share price or share allotment price, D is the cash dividend distributed per share, and P1 is the conversion price after adjustment.
When the above shares and / or shareholders’ equity changes, the company will adjust the conversion price in turn, publish the announcement of the conversion price adjustment on the website of Shenzhen Stock Exchange and the information disclosure media of listed companies designated by CSRC, and specify the conversion price adjustment date, adjustment method and suspension period (if necessary). When the adjustment date of the conversion price is on or after the application date for conversion of convertible bonds issued this time and before the registration date of conversion shares, the application of the holder for conversion of shares shall be executed according to the adjusted conversion price of the company.
When the company may have share repurchases (except for share repurchases due to employee stock ownership plans, equity incentives or necessary to safeguard the company’s value and shareholders’ interests), mergers, divisions or any other circumstances that 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 bonds issued this time or the derivative rights and interests of convertible shares, the company will, according to the specific circumstances, follow the principles of fairness, impartiality The conversion price shall be adjusted in accordance with the principle of fairness and the principle of fully protecting the rights and interests of the holders of convertible 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 department at that time.
2、 Price adjustment of convertible corporate bonds
According to the proposal on profit distribution plan for 2021 adopted by the company’s annual general meeting in 2021, the equity distribution plan for 2021 is to distribute cash dividends of 3.00 yuan (tax included) for every 10 shares to all shareholders based on the total share capital of 146930400 shares at the end of 2021, with a total cash dividend of 4407912000 yuan (tax included). No bonus shares will be given this year, and no capital reserve will be converted into share capital. After the above distribution, the remaining undistributed profits shall be carried forward to the subsequent annual distribution. For details, please refer to cninfo.com, the gem information disclosure website, on May 20, 2022（ http://www.cn.info.com.cn. ）The announcement on the implementation of Hangzhou Shenhao Technology Co.Ltd(300853) 2021 annual equity distribution (Announcement No.: 2022045) disclosed.
According to the relevant provisions on the price adjustment of convertible corporate bonds, the conversion price of “Shenhao convertible bonds” will be adjusted. Before the adjustment, the conversion price of “Shenhao convertible bonds” is 34.41 yuan / share, and after the adjustment, the conversion price is 34.11 yuan / share (the calculation process is: P1 = p0-d = 34.41 yuan / share -0.30 yuan / share = 34.11 yuan / share). The adjusted conversion price shall take effect from May 27, 2022 (ex right and ex interest date).
It is hereby announced.
Hangzhou Shenhao Technology Co.Ltd(300853) board of directors may 20, 2022
