Jinko Power(SH:601778) Shang Hai Zheng Quan Bao·2025-09-23 19:25Core Points - The company held its fourth extraordinary general meeting of shareholders on September 23, 2025, with all resolutions passed without any objections [2][4][6] - The company approved several amendments to its articles of association and management rules, including an increase in registered capital and the cancellation of the supervisory board [4][5][6] - The company announced a downward adjustment of the conversion price for its convertible bonds from 5.21 CNY per share to 4.50 CNY per share, effective from September 25, 2025 [16][24][25] Meeting Details - The meeting was held at the company's headquarters in Shanghai, with all board members and supervisors present [2][3] - Voting was conducted through a combination of on-site and online methods, complying with legal and regulatory requirements [2][6] Resolutions Passed - The following resolutions were approved: - Increase in registered capital and cancellation of the supervisory board [4] - Amendments to the company's shareholder meeting rules [5] - Amendments to the board meeting rules [5] - Amendments to the independent director work system [5] - Amendments to the related party transaction management system [5] - Amendments to the external guarantee management system [5] - Amendments to the external investment management system [5] - Amendments to the fundraising management system [5] - Proposal to lower the conversion price of "Jinko Convertible Bonds" [5][6] Board Changes - Non-independent director Hu Jianjun resigned for personal reasons, effective immediately [9][11] - Xiao Yanjun was elected as the employee representative director on September 23, 2025, with a term until the end of the current board's tenure [9][12] Convertible Bonds Information - The company issued 30 million convertible bonds in 2021, with a total value of 3 billion CNY, and the bonds are set to mature in 2027 [18] - The conversion price has been adjusted multiple times since issuance, with the latest adjustment due to stock price performance [19][23] - The company will not propose further downward adjustments to the conversion price for six months following the latest adjustment [26]