浙江泰坦股份有限公司第十届董事会第十二次会议决议公告

Group 1 - The core point of the announcement is that Zhejiang Titan Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, Titan Convertible Bonds, for the next six months due to current market conditions and to protect investor interests [4][18]. - The board meeting was held on August 8, 2025, where all nine attending directors unanimously agreed to waive the notification period for the meeting [2][3]. - The company’s stock price triggered the conditional redemption clause of the Titan Convertible Bonds, as it closed above 130% of the conversion price for 15 trading days from July 21 to August 8, 2025 [11][17]. Group 2 - The Titan Convertible Bonds were issued on October 25, 2023, with a total amount of 295.50 million bonds, each with a face value of 100 yuan, making the total issuance amount 2.955 billion yuan [12]. - The conversion period for the Titan Convertible Bonds is from May 6, 2024, to October 24, 2029, with an initial conversion price of 13.81 yuan per share, adjusted to 13.27 yuan per share as of June 27, 2025 [13][14]. - The board will reassess the decision on early redemption if the conditional redemption clause is triggered again after February 8, 2026 [4][18].