Yongguan New Material(SH:603681) Shang Hai Zheng Quan Bao·2025-09-05 21:53Group 1 - The company held its 22nd meeting of the 4th Board of Directors on September 5, 2025, to discuss important resolutions [2][4][5] - The Board proposed to lower the conversion price of the "Yong 22 Convertible Bonds" to protect the interests of bondholders and optimize the capital structure [5][22] - The conversion price adjustment is triggered as the company's stock price has been below 85% of the current conversion price for 15 trading days [13][20] Group 2 - The company will submit the proposed conversion price adjustment to the shareholders' meeting for approval [6][8] - The shareholders' meeting is scheduled for September 23, 2025, and will utilize both on-site and online voting methods [25][26] - The company has provided detailed instructions for shareholders on how to participate in the voting process [29][34] Group 3 - The company issued 7.7 million convertible bonds in 2022, with an initial conversion price set at 26.81 yuan per share [15][16] - The conversion price has been adjusted multiple times due to profit distribution, with the latest adjustment bringing it down to 22.30 yuan per share [18][19][22] - The company aims to ensure that the adjusted conversion price does not fall below the audited net asset value per share and the par value of the stock [22][21]