Group 1 - The company held its 11th meeting of the 4th Board of Directors on July 11, 2025, with all 8 directors present, confirming the legality and validity of the meeting procedures [1][2] - The company’s stock has been below 85% of the current conversion price for at least 15 trading days within any consecutive 30 trading days, triggering the downward adjustment clause for the "Zhonglu Convertible Bond" [1] - The Board decided not to adjust the conversion price downward and will not propose any adjustment for six months from July 12, 2025, to January 11, 2026, despite the potential for future triggers [1][2] Group 2 - The resolution to not adjust the conversion price was passed unanimously with 8 votes in favor, 0 against, and 0 abstentions [2] - The company will reassess the situation regarding the conversion price adjustment after January 12, 2026, if the downward adjustment clause is triggered again [1]
中环海陆: 第四届董事会第十一次会议决议公告