QIFAN(SH:605222) Zheng Quan Zhi Xing·2025-08-21 16:48Group 1 - The company held its fourth board meeting on August 21, 2025, with all nine directors present, confirming compliance with legal and procedural requirements [1] - The board approved a proposal to lower the conversion price of the "Qifan Convertible Bonds" due to the stock price being below 85% of the conversion price for at least 15 out of 30 consecutive trading days [1][2] - The board's decision aims to ensure the company's sustainable development, optimize its capital structure, and protect investor interests, with the proposal to be submitted for shareholder approval [1][2] Group 2 - The board also approved a proposal to convene the second extraordinary general meeting of shareholders in 2025, with all nine directors voting in favor [2]