SUNOREN(SH:603105) Shang Hai Zheng Quan Bao·2025-09-25 19:57Core Viewpoint - The board of Zhejiang Xinneng Photovoltaic Technology Co., Ltd. has decided not to lower the conversion price of its convertible bonds despite the stock price falling below the threshold for 15 consecutive trading days, reflecting confidence in the company's long-term potential and value [5][11][18]. Group 1: Board Meeting Details - The 11th meeting of the 5th board of directors was held on September 25, 2025, with all 8 directors present [2][3]. - The meeting was convened in accordance with the relevant provisions of the Company Law and the Articles of Association, making the resolutions legally valid [4]. Group 2: Resolution on Conversion Price - The board reviewed and approved the proposal not to adjust the conversion price of "Xinneng Convertible Bonds" despite the stock price being below 85% of the current conversion price for 15 trading days [5][11]. - The current conversion price is set at 12.75 yuan per share, and the threshold for adjustment is 10.8375 yuan per share [11][18]. - The decision was made after considering the company's fundamentals, stock price trends, and market conditions, aiming to protect the interests of all investors [5][18]. Group 3: Future Considerations - If the conversion price adjustment conditions are triggered again within six months from the board's decision, the company will not propose a downward adjustment [11][18]. - Starting from March 26, 2026, if the conditions are met again, the board will reconvene to decide on the adjustment [5][18].