乐山巨星农牧股份有限公司关于“巨星转债”预计满足转股价格向下修正条件的提示性公告

Core Viewpoint - The company, Leshan Juxing Agricultural and Animal Husbandry Co., Ltd., has announced that its convertible bond, "Juxing Convertible Bond," is expected to meet the conditions for a downward adjustment of the conversion price due to its stock price being below 80% of the current conversion price for a specified period [2][10]. Group 1: Convertible Bond Basic Information - The company issued a total of 1 billion yuan (100 million shares) of convertible bonds on April 25, 2022, with a face value of 100 yuan per bond and a maturity of six years [3]. - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the name "Juxing Convertible Bond" and code "113648" [4]. Group 2: Conversion Price Adjustment - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan on August 8, 2023, following a shareholder meeting [5]. - A further adjustment to the conversion price was made on June 17, 2025, reducing it to 25.04 yuan per share [6]. Group 3: Trigger Conditions for Price Adjustment - The company’s stock price has been below 80% of the adjusted conversion price (20.032 yuan) for ten trading days as of November 17, 2025. If this trend continues, it may trigger a downward adjustment of the conversion price [2][10]. - The adjustment condition requires that in any 30 consecutive trading days, the stock price must be below the conversion price for at least 15 trading days [8]. Group 4: Shareholder Equity Change - The major shareholder, Sichuan Hebang Investment Group Co., Ltd., reduced its holdings from 14.34% to 13.34% by selling 5,100,700 shares, which is more than half of the planned reduction [14][15]. - The reduction was part of a previously disclosed plan to sell up to 10,201,406 shares between November 10, 2025, and February 9, 2026 [14].