江山欧派门业股份有限公司关于不向下修正“江山转债”转股价格的公告

Core Viewpoint - Jiangshan Oupai Door Industry Co., Ltd. has decided not to adjust the conversion price of its convertible bonds, despite meeting the conditions for a downward adjustment due to stock price performance [2][11]. Group 1: Convertible Bond Issuance Overview - The company issued 5.83 billion RMB worth of convertible bonds on June 11, 2021, with a maturity of six years and a face value of 100 RMB per bond [3]. - The initial conversion price was set at 97.55 RMB per share, which has been adjusted multiple times due to equity distribution plans [3][4][5][6]. Group 2: Downward Adjustment Conditions and Trigger - The downward adjustment clause for the conversion price is triggered when the stock price is below 90% of the current conversion price for at least ten out of twenty consecutive trading days [7]. - From January 28 to February 10, 2026, the stock price met the criteria for a downward adjustment, falling below 17.86 RMB [9]. Group 3: Decision on Adjustment - On February 10, 2026, the board of directors held an emergency meeting and decided not to adjust the conversion price, citing confidence in the company's long-term value and market conditions [11]. - The board will reassess the situation after May 11, 2026, should the conditions for a downward adjustment be met again [11].