美锦能源: 十届三十八次董事会会议决议公告

Meeting Overview - The 38th meeting of the 10th Board of Directors of Shanxi Meijin Energy Co., Ltd. was held on June 12, 2025, via communication, with all 9 directors participating, including 3 independent directors [1] - The meeting was chaired by Chairman Yao Jinlong, and the procedures complied with relevant laws and regulations [1] Resolutions Passed - The Board authorized the use of up to 300 million yuan of temporarily idle raised funds for cash management, allowing investment in cash yield products with a maximum term of one year, effective for one year from the meeting date [1] - The management has the authority to make cash management decisions within this limit and sign relevant documents [1] - The Board also approved the use of up to 1.5 billion yuan of idle self-owned funds for short-term investment products, ensuring normal operations and project construction are not affected [2] - Similar to the previous resolution, the management will have decision-making authority within this limit [2] Convertible Bond Adjustment - As of June 12, 2025, the company's stock triggered the downward adjustment clause for the "Meijin Convertible Bond" conversion price [2] - The Board decided not to exercise the right to adjust the conversion price downward, considering the company's fundamentals, stock performance, and market conditions [3] - If the downward adjustment clause is triggered again after June 13, 2025, the Board will convene to decide on the matter [3]