HONGLU(SZ:002541) Shang Hai Zheng Quan Bao·2025-12-19 21:03Group 1 - The company held its 31st meeting of the 6th Board of Directors on December 19, 2025, with all 5 directors present, meeting the legal quorum requirements [2] - The Board unanimously approved the proposal not to lower the conversion price of the "Honglu Convertible Bonds" [3] - The current conversion price is set at RMB 32.08 per share, and the conversion period is from April 15, 2021, to October 8, 2026 [7][9] Group 2 - The company has triggered the downward adjustment clause for the conversion price, as the stock price has been below 85% of the conversion price for 15 trading days within a 30-day period [12][14] - The Board decided against lowering the conversion price, citing confidence in the company's long-term development and intrinsic value [14] - If the downward adjustment clause is triggered again after December 22, 2025, the Board will convene to decide on the adjustment [14]