Xin Lang Cai Jing·2026-01-16 19:05Group 1 - The company has announced that the "Changqi Convertible Bonds" are expected to meet the conditions for a downward adjustment of the conversion price [1] - The company issued 35 million convertible bonds with a total value of 3.5 billion yuan, which began trading on July 8, 2021 [2] - The initial conversion price was set at 38.39 yuan per share, and the current conversion price is 39.16 yuan per share [2] Group 2 - The downward adjustment clause allows the company to propose a new conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3] - The adjustment requires approval from two-thirds of the voting rights at a shareholders' meeting, excluding bondholders from voting [3] - If the adjustment is made, the new conversion price must be higher than the average stock price over the 20 trading days prior to the meeting [3] Group 3 - The company previously decided not to exercise the downward adjustment right on July 4, 2025, and will reconsider after January 5, 2026, if the conditions are met again [5] - As of January 16, 2026, the company's stock price has been below 85% of the current conversion price for ten trading days, indicating a potential trigger for the adjustment [6] - If the stock price remains below the threshold for five out of the next twenty trading days, the downward adjustment clause may be triggered [6]