Tianhe Renewable Energy notifies "Tian 23 Convertible Bonds" or triggers the price adjustment condition for convertible bonds.
Tianhe Solar Energy announced that as of July 22, 2025, the company's stock has closed below 85% of the current conversion price of the "Tian 23 Convertible Bonds" for 10 consecutive trading days. If there are another 5 trading days in the next 20 trading days that satisfy this condition, it will trigger the conversion price adjustment clause. The initial conversion price of "Tian 23 Convertible Bonds" was 69.69 yuan/share. After adjustments for restricted stock ownership, equity distributions, and downward revisions in February 2025, the current conversion price is 25 yuan/share. The company warns that if the trigger condition is met, it will decide whether to make adjustments according to the law, disclose information in a timely manner, and remind investors to pay attention to risks.
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