HONGLU(SZ:002541) Shang Hai Zheng Quan Bao·2026-02-03 19:08Group 1 - The company held its 33rd meeting of the 6th Board of Directors on February 3, 2026, with all 5 directors present, meeting the legal requirements for a quorum [2][3] - The Board approved a proposal to lower the conversion price of the "Honglu Convertible Bonds" due to the stock price being below 85% of the current conversion price for 15 trading days [3][11] - The proposal to lower the conversion price will be submitted to the first extraordinary general meeting of shareholders in 2026 for approval, with bondholders required to abstain from voting [11][20] Group 2 - The company plans to apply for an increase in the total credit limit from banks by RMB 675 million to support its expanding operations [5][24] - The Board approved the proposal to increase the credit limit, which will also be submitted to the first extraordinary general meeting of shareholders in 2026 for approval [5][26] - The new credit limit will be used for various financial services, including working capital loans and supply chain financing [24] Group 3 - The company approved a proposal to increase the guarantee limit for its subsidiaries by RMB 675 million to optimize financial structure and reduce financing costs [4][28] - The total guarantee limit for subsidiaries will not exceed RMB 180.601 billion after this increase [33] - The company has no overdue guarantees or guarantees involving litigation, ensuring a controlled financial risk environment [33] Group 4 - The first extraordinary general meeting of shareholders is scheduled for February 25, 2026, with provisions for both in-person and online voting [36][40] - Shareholders must register by February 11, 2026, to participate in the meeting [38][42] - The meeting will address the proposals approved by the Board, including the adjustment of the convertible bond conversion price and the increase in credit limits [40][41]