CJJG(SH:600496) Shang Hai Zheng Quan Bao·2025-09-26 19:50Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds despite triggering conditions for a downward adjustment due to stock prices falling below 80% of the current conversion price [2][9]. Group 1: Convertible Bond Details - The company issued 20 million convertible bonds with a total value of RMB 2 billion, maturing in 2028, with a tiered interest rate starting from 0.3% in the first year [3]. - The initial conversion price was set at RMB 5.00 per share, which has been adjusted multiple times due to equity distributions, currently standing at RMB 4.79 per share [4]. Group 2: Trigger Conditions for Price Adjustment - From September 8 to September 26, 2025, the company's stock closed below 80% of the current conversion price for 15 trading days, triggering the adjustment clause [8]. Group 3: Board Decision on Price Adjustment - The board of directors, after considering various factors, decided not to proceed with the downward adjustment of the conversion price and will not propose any adjustments for the next month [9]. - The board will reassess the situation after October 27, 2025, should the adjustment conditions be triggered again [9].