Peacebird(SH:603877) Shang Hai Zheng Quan Bao·2025-11-07 21:25Core Viewpoint - Ningbo Taiping Bird Fashion Co., Ltd. has decided not to adjust the conversion price of its convertible bonds, "Taiping Convertible Bonds," despite triggering the downward adjustment clause due to stock price performance [2][9]. Group 1: Company Announcement - As of November 7, 2025, the company's stock price was below 85% of the current conversion price for 15 out of 30 consecutive trading days, triggering the downward adjustment clause for "Taiping Convertible Bonds" [2]. - The company's board of directors held a meeting on November 7, 2025, and resolved not to adjust the conversion price, also stating that if the clause is triggered again within the next 12 months (November 8, 2025, to November 7, 2026), no adjustment proposal will be made [2][9]. - The current conversion price of "Taiping Convertible Bonds" is 20.88 yuan per share [8]. Group 2: Convertible Bond Details - The company issued 8 million convertible bonds on July 15, 2021, with a total fundraising amount of 800 million yuan and a maturity period of 6 years [3]. - The initial conversion price was set at 50.32 yuan per share, which has undergone several adjustments due to various corporate actions [3][4][5][6][7]. - The most recent adjustment occurred due to the annual profit distribution plan, lowering the conversion price to 20.81 yuan per share, which was subsequently adjusted to 20.88 yuan per share after the repurchase of shares [5][7].