On September 3, Sifang Technology opened and fell to a halt. The drop price was 13.91 yuan/share, a decrease of 10.03%. According to the news, September 3 is the priority placement subscription and payment date for the original shareholders that issued the “Quartet Convertible Bonds”. According to the market view, the withdrawal of capital from the underlying shares to participate in priority placement subscriptions and payments has caused significant selling pressure. In response, Sifang Technology responded that according to the company's convertible bond issuance rules, investors participating in the original shareholders' priority placement are required to hold shares of the listed company on September 2. Today, they can place priority placement subscriptions and payments after selling the shares. Judging from previous cases where other listed companies issued convertible bonds, it is normal for stock prices to drop or stop.

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