Controlling shareholder's 'clearance-style' transfer of convertible bonds! Will the conversion price be revised downward? Tianhe Energy responds

On November 29th, Jinshi Data reported that Tianhe Guangneng’s ‘Tian23 Convertible Bonds’ rose by 6.46% to 98.216 yuan. In terms of news, Tianhe Guangneng announced on the 28th that the proportion of convertible bond holders’ holdings has reached 10%, and a total of 29.06864 million ‘Tian23 Convertible Bonds’ have been transferred, accounting for 32.79% of the total issuance. This announcement by Tianhe Guangneng has led to speculation among some market investors that the company will downwardly adjust the conversion price of ‘Tian23 Convertible Bonds’. In response to this, a person from the company’s securities department, in the capacity of an investor, responded that the company’s board of directors and management have been actively considering matters related to downwardly revising the conversion price of the company’s bonds. Currently, there is still a long time before the company’s bonds can be redeemed, and the company will take into account the overall market trend and the common interests of shareholders and bondholders in a more prudent manner to handle this matter.