Securities code: Jiangsu Guotai International Group Co.Ltd(002091) securities abbreviation: Jiangsu Guotai International Group Co.Ltd(002091) Announcement No.: 202243 convertible bond Code: 127040 convertible bond abbreviation: Cathay Pacific convertible bond
Jiangsu Guotai International Group Co.Ltd(002091)
Announcement on the price adjustment of convertible bonds into shares
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Special tips:
Before adjustment, the conversion price of “Cathay Pacific convertible bonds”: 9.02 yuan / share
Adjusted “Cathay Pacific convertible bonds” conversion price: 8.77 yuan / share
Starting date of share conversion price adjustment: May 26, 2022
1、 Basis for price adjustment of convertible corporate bonds
Jiangsu Guotai International Group Co.Ltd(002091) (hereinafter referred to as “the company” or ” Jiangsu Guotai International Group Co.Ltd(002091) “) publicly issued 45574186 convertible corporate bonds (bonds referred to as “Cathay Pacific convertible bonds”, bond code “127040”) on July 7, 2021. According to the relevant provisions of the China Securities Regulatory Commission on the issuance of convertible corporate bonds and the provisions of the prospectus for Jiangsu Guotai International Group Co.Ltd(002091) public issuance of convertible corporate bonds (hereinafter referred to as the “prospectus”), after the issuance of Cathay Pacific convertible bonds, the company will distribute stock dividends, increase share capital, issue new shares or allot shares When the company’s shares are changed due to the distribution of cash dividends (excluding the increased share capital due to the conversion of convertible corporate bonds issued this time), 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 ratio of share giving or conversion to share capital, K is the ratio of additional shares or allotment, a is the price of additional shares or allotment, D is the cash dividend per share, and P1 is the conversion price after adjustment.
When the above shares and / or shareholders’ equity changes occur in the company, the company will adjust the conversion price in the final way, publish the announcement of the resolution of the board of directors on the information disclosure media of listed companies designated by the CSRC, and specify the date of conversion price adjustment, adjustment method and suspension period of conversion (if necessary); When the adjustment date of the conversion price is on or after the application date for conversion of convertible corporate 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 repurchase, merger, division or any other circumstances, which may change the class, quantity and / or shareholder’s equity of the company’s shares, which may affect the creditor’s rights and interests of the holders of convertible corporate bonds issued this time or the derivative rights and interests of share conversion, the company will adjust the share conversion price according to the principles of fairness, impartiality and fairness and the full protection of the rights and interests of the bondholders 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 authorities at that time.
2、 Reasons and results of this share conversion price adjustment
The company will implement the annual equity distribution plan for 2021, and distribute 2.50 yuan in cash (including tax) to all shareholders for every 10 shares. The ex right and ex interest date is May 26, 2022. According to the above provisions, the adjustment calculation method of the company for the conversion price of “Cathay Pacific convertible bonds” is as follows:
P0 = 9.02 yuan / share, d = 0.25 yuan / share,
P1 = 9.02 yuan / share -0.25 yuan / share = 8.77 yuan / share (keep two decimal places after rounding).
The specific calculation basis of cash dividend per share is detailed in the company’s securities times and cninfo (www.cn. Info. Com. CN.) Announcement on the implementation of annual equity distribution in 2021 disclosed on the.
To sum up, the conversion price of Cathay Pacific convertible bonds will be adjusted from the original 9.02 yuan / share to 8.77 yuan / share from May 26, 2022. The adjusted conversion price will take effect from May 26, 2022.
It is hereby announced.
Jiangsu Guotai International Group Co.Ltd(002091)
Board of directors
May 20, 2002
