乐山巨星农牧股份有限公司第五届董事会第三次会议决议公告

Meeting Details - The fifth meeting of the board of directors of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. was held on December 15, 2025, via telecommunication, with all nine directors present [2] Resolution Summary - The board approved the proposal not to adjust the conversion price of the "Juxing Convertible Bonds" downwards, despite triggering conditions being met due to stock prices being below 80% of the conversion price for at least 15 trading days [3][30] - The decision was made based on confidence in the company's future development and intrinsic value, with a follow-up review planned if conditions are triggered again after January 16, 2026 [3][38] Bond Information - The "Juxing Convertible Bonds" were issued with a total face value of 1 billion yuan, with a conversion price initially set at 25.24 yuan per share, later adjusted to 25.04 yuan per share [33][35] - The bonds are convertible from October 31, 2022, to April 24, 2028, with a tiered interest rate structure over six years [33][34] Guarantee Information - The company provided guarantees totaling 600 million yuan for its subsidiaries, with specific amounts allocated to various banks for operational loans [9][10] - As of November 30, 2025, the total amount of guarantees provided by the company and its subsidiaries was 2.33 billion yuan, representing 70.87% of the company's latest audited net assets [19] Share Pledge Information - The controlling shareholder, Sichuan Juxing Enterprise Group Co., Ltd., pledged 113.37 million shares, accounting for 74.44% of its holdings [22][23] - The pledged shares do not serve as collateral for major asset restructuring or other guarantees [24]