BEIJING TELESOUND ELECTRONICS CO.(SZ:003004) Shang Hai Zheng Quan Bao·2025-11-20 18:27Core Viewpoint - The company, Beijing Sound Xun Electronics Co., Ltd., has decided not to adjust the conversion price of its convertible bonds despite triggering the downward adjustment clause due to stock prices falling below 85% of the current conversion price for at least 15 trading days [3][10][16] Group 1: Board Meeting Details - The fifth board meeting of the company was held on November 20, 2025, via communication, with all six directors present [2] - The meeting was chaired by the company's chairwoman, Ms. Nie Rong, and was attended by senior management [2] - The procedures for convening, holding, and voting at the meeting complied with relevant laws and regulations [2] Group 2: Resolution Review - The board approved the resolution regarding not adjusting the conversion price of the "Sound Xun Convertible Bonds" [3] - The decision was made after considering the company's current situation, macroeconomic environment, and stock price trends [3][16] - The voting results were 4 in favor, 0 against, and 0 abstentions, with 2 directors recusing themselves from the vote [5][4] Group 3: Convertible Bond Details - The company issued 2.8 million convertible bonds with a total value of 280 million yuan, approved by the China Securities Regulatory Commission [10][11] - The initial conversion price was set at 29.34 yuan per share, which has been adjusted to 28.94 yuan per share following profit distribution [13] - The conversion price adjustment clause allows for downward adjustments if stock prices fall below 85% of the conversion price for a specified period [14][15]