Core Viewpoint - Qisheng Tenda announced that it will not adjust the conversion price of its convertible bonds, "Qisheng Zhuang 2," despite triggering conditions for a downward adjustment due to stock prices being below 90% of the conversion price for at least 10 out of 20 consecutive trading days [2] Group 1 - As of December 10, 2025, the company's stock price has triggered the condition for downward adjustment of the conversion price [2] - The board of directors decided not to proceed with the downward adjustment of the conversion price at the meeting held on December 10, 2025 [2] - The company will not propose a downward adjustment plan if the conditions are triggered again within three months from December 11, 2025, to March 10, 2026 [2] Group 2 - After March 11, 2026, if the conditions for downward adjustment are triggered again, the company will follow the procedures outlined in the prospectus for the convertible bonds [2]
齐翔腾达:关于不向下修正“齐翔转2”转股价格的公告