乐山巨星农牧股份有限公司第五届董事会第五次会议决议公告

Meeting Overview - The fifth meeting of the fifth board of directors of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. was held on February 5, 2026, via telecommunication, with all 9 directors present [2] - The meeting was convened by Chairman Yue Liangquan, who explained the urgent need for the meeting, and there were no objections from other directors regarding the urgency [2] Resolution Details - The board approved the proposal not to adjust the conversion price of the "Juxing Convertible Bonds" downwards, despite the stock price triggering the downward adjustment clause [3][8] - The company’s stock price had been below 80% of the current conversion price for at least 15 trading days within a consecutive 30-day period, triggering the adjustment clause [3][13] - The board decided that for the next three months (from February 6 to May 5, 2026), if the stock price triggers the downward adjustment clause again, no proposal for adjustment will be made [3][15] - After this three-month period, if the clause is triggered again, the board will convene to decide on the adjustment [3][15] Convertible Bond Information - The "Juxing Convertible Bonds" were issued on April 25, 2022, with a total face value of 1 billion yuan, at a price of 100 yuan per bond, with a maturity of 6 years and a tiered interest rate [9] - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the code "113648" [10] - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan on August 8, 2023, and further adjusted to 25.04 yuan on June 17, 2025 [11][12] Future Considerations - The board's decision not to adjust the conversion price reflects confidence in the company's future development and intrinsic value [3][15] - The conversion period for the "Juxing Convertible Bonds" is from October 31, 2022, to April 24, 2028 [15]