Eddie Precision(SH:603638) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-21 00:40Core Viewpoint - The company held its second extraordinary general meeting of shareholders in 2025, where it approved the downward adjustment of the conversion price for its convertible bonds and the profit distribution plan for the first three quarters of 2025 [2][4][36]. Group 1: Meeting Details - The extraordinary general meeting was held on November 20, 2025, at the company's office in Yantai, Shandong Province [2]. - The meeting was conducted with a combination of on-site and online voting, presided over by the chairman, Song Fei [2][3]. - All resolutions presented at the meeting were approved without any objections [5]. Group 2: Conversion Price Adjustment - The conversion price for the "Aidi Convertible Bonds" was adjusted from 23.58 CNY per share to 18.75 CNY per share [6][14]. - The adjustment was triggered as the company's stock price fell below 85% of the conversion price for at least 15 trading days within a 30-day period [10][36]. - The new conversion price will take effect on November 24, 2025, following a temporary suspension of conversion on November 21, 2025 [7][12]. Group 3: Share Buyback Plan - The company plans to repurchase its A-shares using its own funds, with a total amount between 100 million CNY and 200 million CNY [18][40]. - The repurchase is intended for converting the company's convertible bonds, with a maximum repurchase price set at 27 CNY per share [18][41]. - The buyback period is set for 12 months from the board's approval date, and the company will not repurchase shares during certain restricted periods [25][41].