Core Viewpoint - The company has decided not to adjust the conversion price of the "Bo 22 Convertible Bonds" despite triggering the downward adjustment clause, aiming to protect investor interests and maintain confidence in the company's long-term value [1][2][3] Summary of Convertible Bonds - Jiangsu Subote New Materials Co., Ltd. was approved to publicly issue convertible bonds totaling 800 million yuan, with a term of six years, starting from July 28, 2022 [1] - The bonds are referred to as "Bo 22 Convertible Bonds" with the code 113650 [1] Details on Non-Adjustment of Conversion Price - The board of directors held a meeting on April 16, 2025, and decided not to propose a downward adjustment of the conversion price for the "Bo 22 Convertible Bonds" for the next six months [2] - The adjustment clause was triggered as the stock price fell below 80% of the conversion price (18.52 yuan/share) for fifteen trading days from October 16 to November 5, 2025 [2] Board Decision and Rationale - The board convened on November 5, 2025, to review the situation and unanimously agreed (7 votes in favor) not to adjust the conversion price, considering various factors including market conditions and the company's long-term development [3] - The board will reassess the situation after May 5, 2026, if the adjustment clause is triggered again [3]
江苏苏博特新材料股份有限公司 关于不向下修正“博22转债”转股价格的公告