Thalys(SH:603716) Shang Hai Zheng Quan Bao·2025-11-11 19:46Group 1 - The company held its 23rd meeting of the 5th Board of Directors on November 11, 2025, where all 9 directors were present and agreed to waive the notice period requirement [2][4] - The Board decided not to exercise the early redemption rights for the "Saili Convertible Bonds" due to the stock price meeting the redemption trigger conditions, which is 130% of the conversion price [3][19] - The company will not redeem the bonds for the next three months, and if the redemption conditions are triggered again after February 12, 2026, the Board will reconvene to decide on the matter [20][9] Group 2 - The company plans to provide a guarantee of up to RMB 80 million for its subsidiaries to support their daily operations and business development [25][31] - The guarantee will be valid for twelve months following the Board's approval and will not exceed 10% of the company's latest audited net assets [26][33] - The Board unanimously approved the guarantee proposal, indicating that the subsidiaries are under the company's control and have a good credit status, making the guarantee risk manageable [32][31]