Honglu Steel Structure Revises Convertible Bond Conversion Price to RMB 17.77
HEFEI, CHINA - June 29, 2026 - Honglu Steel Structure announced that shareholders authorized a downward revision to the conversion price of Honglu Convertible Bonds, and the board set the revised conversion price at RMB 17.77 per share.
The update follows the company’s June 29, 2026 second extraordinary general meeting, where shareholders approved a proposal to authorize the board to revise the conversion price downward. After the vote, the sixth meeting of the company’s seventh board of directors approved the specific adjustment plan.
Conversion Price Adjustment Approved
Honglu said the conversion price for Honglu Convertible Bonds will be reduced from RMB 21.99 per share to RMB 17.77 per share. The revised price takes effect on June 30, 2026.
The company also said the conversion of Honglu Convertible Bonds will be suspended for one trading day on June 30, 2026 and resume on July 1, 2026 under the revised conversion price.
Key Bond Terms
- Bond Name: Honglu Convertible Bonds.
- Bond Code: 128134.
- Previous Conversion Price: RMB 21.99 per share.
- Revised Conversion Price: RMB 17.77 per share.
- Effective Date: June 30, 2026.
- Conversion Suspension: June 30, 2026, with conversion resuming on July 1, 2026.
Financing Flexibility Remains in Focus
The conversion-price revision gives Honglu additional flexibility as it manages its convertible bond obligations and broader capital structure. For investors, the update is a concrete follow-through from the earlier board proposal and provides a clearer reference point for monitoring future bond conversion activity.
Honglu said the adjustment was made in line with relevant laws, regulations, regulatory documents, and the company’s convertible bond prospectus. Customers and partners evaluating long-term steel-structure programs can continue to monitor Honglu’s financial disclosures alongside its operating updates on smart manufacturing, order demand, and production capacity.