1. The conversion price of convertible bonds refers to the price paid for converting convertible corporate bonds into shares. The conversion price is calculated as Cp = Vm? V, where Cp represents the conversion premium and Vm represents the market price of convertible corporate bonds; V stands for conversion price.

2. The conversion value of convertible bonds refers to the value of convertible bonds converted into stocks. Generally speaking, the conversion value of convertible bonds is calculated according to the following formula: conversion value of convertible bonds = conversion price of convertible bonds ÷ conversion price of convertible bonds × 100.

Note: Due to the volatility of convertible bonds and stocks, investors need to carefully choose whether to convert them into shares. During the conversion period of convertible bonds, there may be a discount after the conversion. At this time, it is unprofitable for investors to convert convertible bonds into shares, and rational investors will continue to hold convertible bonds and ask the company to repay the principal and interest at maturity.

Tips:

1. The above instructions are for reference only and do not make any suggestions.

2. There are risks in entering the market, so investment needs to be cautious.

Response time: 2021-11-19. Please refer to the latest business changes announced by Ping An Bank in official website.