Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, "Qiaoyin Convertible Bonds," despite meeting the conditions for a downward adjustment due to stock price performance [3][6]. Group 1: Convertible Bond Basic Information - The company issued 420 million yuan of convertible bonds with a face value of 100 yuan each, approved by the China Securities Regulatory Commission [1]. - The bonds were listed on the Shenzhen Stock Exchange on December 24, 2020, under the code "128138" [1]. - The conversion period for the bonds is from May 24, 2021, to November 16, 2026 [1]. Group 2: Conversion Price Adjustment History - The conversion price was adjusted from 25.43 yuan/share to 25.33 yuan/share effective May 24, 2021 [1]. - A subsequent adjustment reduced the price from 25.33 yuan/share to 25.23 yuan/share effective July 18, 2022 [2]. - The conversion price was further adjusted from 25.23 yuan/share to 25.13 yuan/share effective July 17, 2023 [2]. - The latest adjustment changed the price from 25.13 yuan/share to 25.03 yuan/share effective June 5, 2024 [3]. Group 3: Decision on Downward Adjustment - As of August 27, 2025, the company's stock had been below 85% of the current conversion price for at least 15 trading days within a 30-day period, triggering the conditions for a downward adjustment [5][6]. - The board of directors decided not to proceed with the downward adjustment of the conversion price during the specified period from August 28, 2025, to September 24, 2025 [6]. - If the conditions for a downward adjustment are met again after the specified period, the board will reconvene to decide on the matter [6].
侨银股份: 关于不向下修正侨银转债转股价格的公告