Menovo(SH:603538) Shang Hai Zheng Quan Bao·2025-12-24 18:22Group 1 - The company held its 22nd meeting of the fifth board of directors on December 24, 2025, where all five directors attended, and the meeting complied with relevant laws and regulations [2][4]. - The board approved the proposal not to adjust the conversion price of the convertible bonds, "Meinuo Convertible Bonds" [3][5]. - The decision was made despite the stock price being below the conversion price threshold, which triggered the adjustment clause [9][16]. Group 2 - As of December 24, 2025, the company's stock had closed below 90% of the current conversion price (25.68 CNY/share) for at least 15 out of the last 30 trading days, indicating a potential adjustment [9][16]. - The next period for triggering the conversion price adjustment clause will restart from December 25, 2025, and the board will decide on any future adjustments if triggered again [9][16]. - The initial conversion price of the "Meinuo Convertible Bonds" was set at 37.47 CNY/share, with subsequent adjustments made over time due to various corporate actions [10][11].