CCEGC(SH:600939) Zheng Quan Zhi Xing·2025-07-16 10:15Core Viewpoint - The company has decided not to adjust the conversion price of the "Jian Gong Convertible Bonds" despite triggering the downward adjustment clause as of July 16, 2025, and will not propose any downward adjustment in the next five months if the clause is triggered again [1][5][6] Summary of Convertible Bonds - The company issued 16,600,000 convertible bonds on December 20, 2019, with a total value of 1,660,000,000 yuan, each with a face value of 100 yuan [1][2] - The bonds are set to mature on December 19, 2025, with an initial conversion price of 4.65 yuan per share [2] - The latest conversion price is 4.07 yuan per share, with several adjustments made due to annual cash dividends over the years [2][3][4] Downward Adjustment Conditions - The downward adjustment clause is triggered when the closing price of the company's stock is below 90% of the current conversion price for at least ten out of twenty consecutive trading days [5] Decision on Non-Adjustment - The board of directors held a meeting on July 16, 2025, and unanimously decided not to adjust the conversion price, considering various factors such as macroeconomic conditions, market fluctuations, and the company's long-term value [1][5][6]