浙江伟明环保股份有限公司

Core Viewpoint - Zhejiang Weiming Environmental Protection Co., Ltd. has decided not to exercise the downward adjustment of the conversion price for the "Wei 22 Convertible Bond" despite triggering the conditions for such an adjustment due to stock price performance [2][8]. Group 1: Convertible Bond Details - The "Wei 22 Convertible Bond" was issued on July 22, 2022, with a total amount of 1,477,000 bonds, each with a face value of 100 yuan, totaling 1,477 million yuan [3]. - The bond has a term of 6 years with a tiered interest rate starting from 0.20% in the first year to 2.00% in the sixth year [3]. - The initial conversion price was set at 32.85 yuan per share, which has been adjusted multiple times, with the latest price being 27.27 yuan per share [3][5]. Group 2: Downward Adjustment Conditions - The downward adjustment clause is triggered when the stock price closes below 90% of the conversion price for at least 15 out of 30 consecutive trading days [6]. - The company’s board of directors has the authority to propose a downward adjustment, which requires a two-thirds majority approval from shareholders [6][7]. Group 3: Recent Board Decision - On September 2, 2025, the board held a meeting and unanimously decided not to adjust the conversion price downward, considering various factors including the company's fundamentals and market conditions [2][8]. - The decision was made with 6 votes in favor and no opposition, with certain related directors abstaining from the vote [8].