### Overview Jiangsu Hongwei Technology Co., Ltd. is a technology company leveraging innovative solutions in semiconductor and electronic components manufacturing. The latest announcement focuses on the company’s decision regarding its convertible bonds, specifically the pricing for the ‘Hongwei Convertible Bonds’ and its implications for investors. This report outlines key financial developments and market strategies, as well as potential risks moving forward.

### Key Financials As of July 2023, Jiangsu Hongwei has issued a total of 4.3 million convertible bonds, raising approximately CNY 430 million. These bonds have been listed on the Shanghai Stock Exchange, enhancing the company's financial flexibility. Historically, the conversion price of these bonds saw significant adjustments; initially set at CNY 62.45 per share, it was adjusted downwards to CNY 62.35, then to CNY 40.00 on January 31, 2024, and further decreased to CNY 28.52 on June 19, 2024. Such adjustments reflect the company's responsiveness to market conditions and investor interests.

### Management Commentary The management's tone appears cautious yet strategic regarding the decision not to adjust the conversion price at this time, despite the stock price triggering a downward adjustment clause. This indicates confidence in the current market valuation and a desire to avoid unnecessary fluctuations in shareholder equity. Furthermore, the board has indicated that if the adjustment triggers again within the next six months, they will also opt not to propose a change—suggesting a stable outlook for the bondholders.

### Trends and Drivers The current financial performance trend reflects a combination of strong market demand for technology products and strategic financing initiatives. The decision to retain the existing conversion price suggests management's confidence in maintaining investor engagement and confidence. However, macroeconomic factors such as global semiconductor supply chain dynamics and market volatility may impact future performance and pricing strategies. Additionally, the periodic adjustments to the conversion price demonstrate sensitivity to investor sentiment and market conditions.

### Risks and Outlook Investors are advised to monitor upcoming adjustments to the conversion price, particularly any developments in market conditions impacting Jiangsu Hongwei's stock performance. The company has reminded its investors about the importance of timely information disclosure and is aware of the potential market risks associated with volatility in stock prices. Moving forward, the ongoing evaluation of economic conditions and investor confidence will be crucial factors that could influence the company's financial trajectory.

### Conclusion In summary, Jiangsu Hongwei Technology Co., Ltd.'s recent announcements regarding its convertible bond pricing emphasize management's cautious but strategic approach in navigating a volatile market. While the company is actively engaging with investors through effective communication and adherence to market regulations, potential risks tied to market fluctuations warrant careful monitoring. Overall, investors are encouraged to stay informed as the company continues to adapt to changing market dynamics.