Core Viewpoint - Leizhi Group (002398.SZ) has triggered the condition for downward adjustment of the conversion price of its convertible bonds due to the stock price being below 85% of the current conversion price for 15 out of the last 30 trading days [1] Summary by Relevant Sections - **Stock Performance**: As of February 25, 2026, the company's stock has closed below the conversion price threshold for 15 trading days from January 28 to February 25, 2026 [1] - **Board Decision**: The company's board of directors has decided not to adjust the conversion price of the "Leizhi Convertible Bonds" despite meeting the conditions for downward adjustment [1] - **Future Considerations**: Starting from February 26, 2026, if the stock price triggers the downward adjustment clause again, the board will convene to decide whether to exercise the right to adjust the conversion price [1]

Group 1 - The company, Leizhi Group, held its seventh board meeting on February 25, 2026, in Xiamen, where it reviewed the proposal regarding not adjusting the conversion price of "Leizhi Convertible Bonds" [1] - The meeting took place at the company's conference room located at 62 Hubin South Road, Xiamen [1] Group 2 - The article highlights the ongoing conflict between Russia and Ukraine, marking the fourth anniversary of the war, which has resulted in 1.8 million casualties [1] - The situation is described as a deadlock in negotiations, a stalemate on the battlefield, and an economic crisis [1] - The article raises the question of who bears the financial burden of the war [1]

Group 1 - The core viewpoint of the article highlights the recent stock price fluctuations and capital outflow of the company, Lezhi Group, with a cumulative decline of 2.40% from February 9 to 13, 2026 [1] - The construction materials sector has shown overall weakness, with a decline of 3.10%, which has exerted pressure on individual stocks [1] - As of February 13, the closing price of Lezhi Group was 5.70 yuan, reflecting a single-day drop of 2.90% and a cumulative decline of 2.40% over the past five days, with a price fluctuation range of 7.02% [1] Group 2 - The technical analysis indicates that the stock price is currently constrained by the 20-day moving average around 5.96 yuan, with a support level at approximately 5.65 yuan [1] - The capital flow has been predominantly outflowing, with a net outflow of 11.22 million yuan on February 13, while retail investors experienced a slight net inflow; the total net outflow of main funds over the past week was 4.1553 million yuan, reflecting cautious market participation [1] - On February 13, the turnover rate was 4.39%, with a trading volume of 1.44 billion yuan and a volume ratio of 1.15, indicating active short-term trading but insufficient momentum [1]

关于预计触发转股价格向下修正条件的提示性公告 | 证券代码：002398 | 证券简称：垒知集团 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：127062 | 债券简称：垒知转债 | | 垒知控股集团股份有限公司 关于预计触发转股价格向下修正条件的提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、证券代码：002398 证券简称：垒知集团 2、债券代码：127062 债券简称：垒知转债 3、转股价格：7.59 元/股 4、转股期限：2022 年 10 月 27 日至 2028 年 4 月 20 日 5、自 2026 年 1 月 28 日至 2026 年 2 月 10 日，公司股票在连续 30 个交易 日中已有 10 个交易日的收盘价低于当期转股价格的 85%，预计触发转股价格向 下修正条件。若触发转股价格修正条件，公司将按照深交所相关规定及募集说明 书的约定及时履行后续审议程序和信息披露义务。 一、可转换公司债券发行上市情况 （一）可转债发行情况 经中国证券监督管理委员会证监许可［2022］4 ...

Group 1 - The company, Leizhi Group, held its seventh board meeting on January 27, 2026, in Xiamen, where it reviewed the proposal regarding not adjusting the conversion price of "Leizhi Convertible Bonds" [1] Group 2 - International gold prices have surpassed $5,000, marking a 280% increase over the past seven years, with experts indicating that the key factors influencing this trend include the US dollar, the international monetary system, interest rate cuts, and technological revolutions [1]

关于不向下修正"垒知转债"转股价格的公告 | 证券代码：002398 | 证券简称：垒知集团 | 公告编号：2026-006 | | --- | --- | --- | | 债券代码：127062 | 债券简称：垒知转债 | | 垒知控股集团股份有限公司 关于不向下修正"垒知转债"转股价格的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、截至 2026 年 1 月 27 日，公司股票在连续 30 个交易日中已有 15 个交易 日（2026 年 1 月 7 日至 2026 年 1 月 27 日）的收盘价低于当期转股价格的 85%， 已触发转股价格向下修正条件。 2、经公司第七届董事会第八次会议审议通过，公司董事会决定本次不向下 修正"垒知转债"转股价格。从 2026 年 1 月 28 日起重新计算，若公司股价再次 触发"垒知转债"转股价格向下修正条款的，届时公司董事会将再次召开会议决 定是否行使"垒知转债"转股价格向下修正的权利。 垒知控股集团股份有限公司（以下简称"公司"）于 2026 年 1 月 27 日召开 了第七届董事会第八次会议，审议 ...

| 证券代码：002398 | 证券简称：垒知集团 | 公告编号：2026-005 | | --- | --- | --- | | 债券代码：127062 | 债券简称：垒知转债 | | 垒知控股集团股份有限公司 第七届董事会第八次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、会议通知、召集及召开情况 垒知控股集团股份有限公司（以下简称"公司"）第七届董事会第八次会议 （以下简称"本次会议"）于 2026 年 1 月 27 日下午 4 点在厦门市湖滨南路 62 号建设科技大厦 11 楼公司会议室召开，本次会议由公司董事长蔡永太先生召集 并主持，会议通知已于 2026 年 1 月 23 日以 OA 邮件、电子邮件、传真等方式送 达给全体董事和高级管理人员。本次会议应到董事 9 名，实到董事 9 名。本次会 议的召集和召开符合《中华人民共和国公司法》及《公司章程》的有关规定。 垒知控股集团股份有限公司第七届董事会第八次会议决议公告 公司董事会综合考虑公司的基本情况、股价走势、市场环境等多重因素， 以及对公司长期稳健发展的信心，兼顾维护全体投资者的利 ...

Core Viewpoint - The renovation and building materials sector experienced a slight decline of 0.06% on January 27, with Guoliang New Materials leading the drop [1][2]. Group 1: Market Performance - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1]. - Guoliang New Materials saw a significant decline of 6.89%, closing at 26.62, with a trading volume of 79,300 shares and a transaction value of 211 million yuan [2]. - Other notable decliners included Asia Creative Energy, down 4.43%, and Donghe New Materials, down 3.47% [2]. Group 2: Stock Performance - The top gainers in the renovation and building materials sector included Youbang Ceiling, which rose by 7.54% to close at 75.60, with a trading volume of 37,200 shares and a transaction value of 270 million yuan [1]. - Other gainers included Rabbit Baby, up 3.30%, and Lezhi Group, up 2.16% [1]. - The overall sector saw a net outflow of 52.17 million yuan from main funds, while retail investors contributed a net inflow of 93.68 million yuan [2][3]. Group 3: Fund Flow Analysis - Main funds showed a net outflow from Youbang Ceiling of 38.45 million yuan, while retail investors had a net inflow of 47.24 million yuan [3]. - Other stocks like Wanli Stone and Puhui Co. also experienced varying levels of net inflow and outflow from different investor categories [3].

Market Overview - The renovation and building materials sector experienced a decline of 0.31% on January 26, with the leading stock, Leizhi Group, falling significantly [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Notable gainers in the renovation and building materials sector included: - ST Nachuan (code: 300198) with a closing price of 2.84, up 7.17% on a trading volume of 552,100 shares and a turnover of 155 million yuan [1] - Youbang Ceiling (code: 002718) closed at 70.30, up 4.33% with a trading volume of 33,900 shares and a turnover of 232 million yuan [1] - Luyang Energy (code: 002088) closed at 13.25, up 2.95% with a trading volume of 308,700 shares and a turnover of 417 million yuan [1] - Conversely, the following stocks faced declines: - Leizhi Group (code: 002398) closed at 6.03, down 5.93% with a trading volume of 690,800 shares and a turnover of 42.5 million yuan [2] - Xiong Plastic Technology (code: 300599) closed at 10.47, down 5.42% with a trading volume of 148,800 shares and a turnover of 158 million yuan [2] - Fashilong (code: 605318) closed at 64.70, down 4.03% with a trading volume of 36,300 shares and a turnover of 241 million yuan [2] Capital Flow - The renovation and building materials sector saw a net inflow of 85.9682 million yuan from institutional investors, while retail investors experienced a net inflow of 51.2124 million yuan [2] - However, speculative funds recorded a net outflow of 137 million yuan [2] Individual Stock Capital Flow - North New Materials (code: 000786) had a net inflow of 63.6954 million yuan from institutional investors, while it faced a net outflow of 73.5338 million yuan from speculative funds [3] - Zhonggang Haonai (code: 611889) saw a net inflow of 42.3469 million yuan from institutional investors, with a minor net outflow from speculative funds [3] - Youbang Ceiling (code: 002718) had a net inflow of 27.7561 million yuan from institutional investors, but a significant net outflow of 46.3950 million yuan from retail investors [3]

Core Viewpoint - The renovation and building materials sector experienced a slight increase of 0.24% on January 23, with Luoyang Energy leading the gains. The Shanghai Composite Index rose by 0.33%, while the Shenzhen Component Index increased by 0.79% [1]. Group 1: Stock Performance - The top-performing stocks in the renovation and building materials sector included: - Luoyang Energy (002088) with a closing price of 12.87, up 10.00% and a trading volume of 198,000 shares, totaling 247 million yuan [1]. - Youbang Ceiling (002718) closed at 67.38, up 6.99% with a trading volume of 30,700 shares, totaling 200 million yuan [1]. - Zhonggang Luonai (611889) closed at 7.52, up 6.67% with a trading volume of 755,000 shares, totaling 562 million yuan [1]. Group 2: Market Trends - The overall market saw a net outflow of 48.64 million yuan from the renovation and building materials sector, with retail investors contributing a net inflow of 233 million yuan [2]. - The main funds showed a mixed trend, with significant outflows from several stocks, including: - Zhonggang Luonai (611889) with a net inflow of 73.53 million yuan from main funds but a net outflow of 15.64 million yuan from speculative funds [3]. - Luoyang Energy (002088) had a net inflow of 52.05 million yuan from main funds, while speculative funds saw a net outflow of 20.99 million yuan [3].