Canatal(SH:603912) Zheng Quan Zhi Xing·2025-06-18 08:20Group 1 - The company held its fourth board meeting on June 18, 2025, with all nine directors present, including five participating via remote voting [1] - The board approved a proposal to lower the conversion price of the "Jialitu Convertible Bonds" to 85% of the current stock price, which is 9.10 CNY per share, and 9.04 CNY per share for the period from June 9 to June 18, 2025 [1][2] - The adjustment is triggered as the stock price has been below the conversion price for 15 consecutive trading days [1] Group 2 - The board proposed to authorize the shareholders' meeting to allow the board to handle the necessary procedures for the price adjustment, including determining the new conversion price and effective date [2] - The proposal to adjust the conversion price requires approval from at least two-thirds of the voting rights at the shareholders' meeting, with bondholders required to abstain from voting [3] - The company plans to hold the fourth extraordinary shareholders' meeting on July 10, 2025, to discuss the proposals [4]