乐山巨星农牧股份有限公司第四届董事会第三十二次会议决议公告

Core Viewpoint - The board of directors of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. has decided not to adjust the conversion price of its convertible bonds despite triggering conditions for a downward adjustment due to stock price performance [3][11][12]. Meeting Details - The 32nd meeting of the fourth board of directors was held on November 3, 2025, via telecommunication, with all nine directors present [2]. - The meeting was convened by Chairman Duan Lifeng, and the reason for the emergency meeting was explained to all directors, who had no objections [2]. Resolutions Passed - The board approved the proposal not to adjust the conversion price of the "Juxing Convertible Bonds" despite the stock price being below 80% of the conversion price for at least 15 trading days within a 30-day period [3][11]. - The next period for triggering the conversion price adjustment will restart from the day after the board meeting, and if conditions are met again, the board will reconvene to consider the adjustment [3][12]. Convertible Bond Information - The "Juxing Convertible Bonds" were issued on April 25, 2022, with a total face value of 1 billion yuan, at a price of 100 yuan per bond, with a maturity of six years and a tiered interest rate structure [7][8]. - The conversion price was initially set at 25.24 yuan per share and has been adjusted to 25.21 yuan and then to 25.04 yuan in subsequent shareholder meetings [9][10]. Trigger Conditions for Price Adjustment - The conditions for a downward adjustment of the conversion price were triggered as the stock price fell below 80% of the conversion price for the required number of trading days [11][12].