双良节能: 双良节能系统股份有限公司关于不向下修正“双良转债”转股价格的公告

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite meeting the conditions for a downward adjustment due to stock price performance [1][5]. Group 1: Convertible Bond Issuance Overview - The company issued convertible bonds totaling 2.6 billion RMB, with a maturity of 6 years, approved by the China Securities Regulatory Commission [2]. - The bonds were listed on the Shanghai Stock Exchange on September 8, 2023, under the name "双良转债" and code "110095" [2]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at 11.81 RMB per share, which was later adjusted to 7.20 RMB per share on October 25, 2024 [3][4]. - A further adjustment brought the conversion price down to 6.18 RMB per share on March 25, 2025 [4]. Group 3: Decision on Downward Adjustment - As of June 16, 2025, the company's stock price had been below the conversion price for at least 15 trading days within a 30-day period, triggering the conditions for a downward adjustment [1][5]. - The board decided not to exercise the right to adjust the conversion price, citing confidence in the company's long-term value and the impact of macroeconomic factors [5]. - The board will reassess the situation after July 17, 2025, should the conditions for adjustment be met again [1][5].