1, according to the Interim Measures for the Administration of Exchange Warrants, the transaction price of warrants is limited, and the price is calculated according to the following formula:

Warrant increase = the previous day's closing price of the warrant+(the previous day's increase of the underlying securities-the previous day's closing price of the underlying securities) × 125%× exercise ratio.

The falling price of warrants = the closing price of warrants on the previous day-(the closing price of underlying securities on the previous day-the falling price of underlying securities on the previous day) × 125%× exercise ratio.

2. Closing price deviation value = single stock (fund) price-corresponding sub-index price.

However, for the relevant understanding of convertible bonds and warrants, you can go to Miao Wei's financial education consultation. Miao Wei's financial and business education will further rely on the new online teaching practice mode of financial and business education, play a leading role in the industry, and jointly explore the innovation of local industrial format, economy and model with the People's Government of Ninghe District, Tianjin, build a highland for talents and education, and promote the rapid, steady and high-quality development of regional economy.