Core Viewpoint - The company is potentially triggering a downward adjustment of the conversion price for its convertible bonds due to stock prices falling below a specified threshold, which may impact investor decisions and the company's financial strategy [2][8]. Convertible Bond Issuance - The company issued a total of 4.4 million convertible bonds with a face value of 100 RMB each, raising a total of 440 million RMB, with a maturity period from June 28, 2022, to June 27, 2028 [2][3]. - The initial conversion price was set at 48.23 RMB per share, which was adjusted to 48.09 RMB on June 6, 2023, and will further adjust to 48.02 RMB on July 4, 2024, and to 47.95 RMB on July 2, 2025, due to annual equity distribution plans [3][4]. Conversion Price Adjustment Conditions - The conversion price can be adjusted downward if the company's stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5][6]. - The potential trigger for this adjustment is set to begin on November 3, 2025, with a threshold price of 40.76 RMB per share [8]. Adjustment Procedure - If the company decides to adjust the conversion price, it will announce the details, including the adjustment range and the record date for shareholders, through the Shanghai Stock Exchange [7].

Core Viewpoint - Ningbo Xingrui Electronic Technology Co., Ltd. has announced that its convertible bond, Xingrui Convertible Bond, is expected to trigger conditions for a downward adjustment of the conversion price due to stock performance [1][5]. Group 1: Convertible Bond Issuance - The company issued 4.62 million convertible bonds on July 24, 2023, with a face value of 100 RMB each, raising a total of 462 million RMB, netting 454.907 million RMB after expenses [2]. - The bonds have a maturity period of 6 years, from July 24, 2023, to July 23, 2029 [2]. Group 2: Conversion Price Adjustment Terms - The conversion price is set at 25.50 RMB per share, with the conversion period from January 29, 2024, to July 23, 2029 [1]. - If the stock price falls below 85% of the conversion price for at least 15 out of 30 consecutive trading days, the board can propose a downward adjustment of the conversion price, subject to shareholder approval [3]. Group 3: Expected Trigger for Price Adjustment - From October 23, 2025, to November 5, 2025, the company's stock has closed below 85% of the conversion price for 10 out of 30 trading days, indicating a potential trigger for a price adjustment [5]. - The company is required to hold a board meeting to decide on the adjustment and must disclose the decision in accordance with relevant regulations [5]. Group 4: Additional Information - Investors can refer to the full prospectus disclosed on July 20, 2023, for more details regarding the convertible bonds [6].

Core Viewpoint - Longda Food announced that it will not adjust the conversion price of its convertible bonds despite triggering the price adjustment clause due to its stock price being below 90% of the conversion price for ten consecutive trading days [1] Group 1: Company Announcement - Longda Food's stock price has been below the convertible bond conversion price of 8.37 yuan per share for ten consecutive trading days, triggering the price adjustment clause [1] - The company's board of directors decided not to exercise the right to adjust the conversion price of the "Longda Convertible Bonds" downwards [1] - If the price adjustment clause is triggered again within the next month (from November 1 to November 30, 2025), the company will also not propose a downward adjustment plan [1] Group 2: Future Considerations - Starting from December 1, 2025, if the price adjustment clause is triggered again, the company will follow relevant regulations to determine whether to exercise the right to adjust the conversion price [1]

Core Viewpoint - Hengyi Petrochemical's subsidiary, Guangxi Hengyi New Materials, has successfully entered the trial production phase of its integrated caprolactam-nylon project, which has an annual production capacity of 1.2 million tons, marking a significant milestone for the company [1][2]. Project Overview - The project is located in the Qinzhou Port Petrochemical Park, covering an area of 1,717 acres, and includes production facilities for 2*300,000 tons/year of cyclohexanone, 2*400,000 tons/year of hydrogen peroxide, 300,000 tons/year of synthetic ammonia, 100,000 standard cubic meters/hour of hydrogen, 2*300,000 tons/year of caprolactam, and 2*300,000 tons/year of nylon polymerization, along with supporting infrastructure [2]. - The project leverages several proprietary technologies and advanced energy-saving techniques, which are expected to significantly reduce production costs [2]. - The integrated nature of the project optimizes energy and resource consumption, achieving industry-leading efficiency [2]. - The product range includes civilian fibers, engineering plastics, and films, with anticipated rapid growth in nylon demand due to industrial development and localization trends in China [2]. Project Significance - The Qinzhou project aligns with national industrial development goals and is expected to drive high-quality growth for the industry and the company [3]. - It will enable a leap in caprolactam production capacity, enhancing the company's market influence and competitiveness in the nylon sector [3]. - The project supports the deepening of the company's integration strategy, extending the aromatic downstream industrial chain and achieving efficient collaboration and resource optimization across the supply chain [3]. - Overall, the project is projected to significantly enhance the company's competitive strength and profitability, positively impacting its long-term operational performance [3].

Core Viewpoint - The company, Wuxi Autowei Technology Co., Ltd., announced that its stock price has been below 85% of the current conversion price for ten consecutive trading days, indicating a potential adjustment of the conversion price for its convertible bonds [2] Group 1 - The stock price has been below the conversion price of 71.77 yuan per share from October 9 to October 22, 2025 [2] - There is a possibility of triggering the conditions for downward adjustment of the conversion price as outlined in the prospectus for the issuance of convertible bonds [2] - If the conditions are triggered, the company will convene a board meeting on the same day to decide whether to adjust the conversion price and will fulfill its information disclosure obligations promptly [2]

Group 1 - The company held its 22nd meeting of the 4th Board of Directors on September 5, 2025, to discuss important resolutions [2][4][5] - The Board proposed to lower the conversion price of the "Yong 22 Convertible Bonds" to protect the interests of bondholders and optimize the capital structure [5][22] - The conversion price adjustment is triggered as the company's stock price has been below 85% of the current conversion price for 15 trading days [13][20] Group 2 - The company will submit the proposed conversion price adjustment to the shareholders' meeting for approval [6][8] - The shareholders' meeting is scheduled for September 23, 2025, and will utilize both on-site and online voting methods [25][26] - The company has provided detailed instructions for shareholders on how to participate in the voting process [29][34] Group 3 - The company issued 7.7 million convertible bonds in 2022, with an initial conversion price set at 26.81 yuan per share [15][16] - The conversion price has been adjusted multiple times due to profit distribution, with the latest adjustment bringing it down to 22.30 yuan per share [18][19][22] - The company aims to ensure that the adjusted conversion price does not fall below the audited net asset value per share and the par value of the stock [22][21]

Group 1 - The board of directors of Shanghai Yongguan Zhongcheng New Materials Technology (Group) Co., Ltd. held its 22nd meeting of the 4th board on September 5, 2025, with all 9 directors present, ensuring the meeting's legality and effectiveness [1][2]. - The board approved a proposal to lower the conversion price of the "Yong 22 Convertible Bonds" to protect the interests of bondholders and optimize the company's capital structure, with the new price not being lower than the average stock price over the last 20 trading days prior to the shareholders' meeting [1][2]. - The board also approved a proposal to authorize the board to handle all matters related to the downward adjustment of the convertible bond conversion price, including determining the new price and effective date [2]. Group 2 - The board proposed to convene the third extraordinary general meeting of shareholders in 2025, with details to be disclosed in a separate announcement [2][3]. - All proposals received unanimous support from the board, with 9 votes in favor and no opposition or abstentions [2][3].

Core Viewpoint - The board of directors of Jinko Power Technology Co., Ltd. proposed to lower the conversion price of the "Jinko Convertible Bonds" due to the stock price falling below 90% of the current conversion price for 15 trading days [2][9]. Group 1: Convertible Bond Details - The company issued 30 million convertible bonds on April 23, 2021, with a total value of RMB 3 billion and a maturity of 6 years [5]. - The initial conversion price was set at RMB 6.75 per share, which has been adjusted multiple times due to various corporate actions [6]. Group 2: Price Adjustment Trigger - From August 12 to September 3, 2025, the company's stock price closed below RMB 4.69 (90% of the current conversion price of RMB 5.21) for 15 trading days, triggering the price adjustment clause [2][9]. - The board's proposal to adjust the conversion price is aimed at optimizing the capital structure and enhancing the company's value and market capitalization [9]. Group 3: Shareholder Meeting - The proposal to adjust the conversion price will be submitted for approval at the upcoming shareholder meeting scheduled for September 23, 2025 [14]. - The adjustment requires a two-thirds majority vote from the shareholders present at the meeting, with bondholders required to abstain from voting on this matter [9][17].

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds, "Jinko Convertible Bonds," in response to market conditions and to enhance its capital structure and shareholder value [1][5]. Group 1: Convertible Bond Issuance Details - The company issued 30 million convertible bonds on April 23, 2021, with a total value of RMB 3 billion and a maturity of six years [1]. - The initial conversion price was set at RMB 6.75 per share, which has been adjusted multiple times due to various corporate actions [1][3]. Group 2: Conversion Price Adjustment History - The conversion price has been adjusted downwards from RMB 6.75 to RMB 5.21 as of the announcement date, with several adjustments occurring due to rights distributions and stock issuances [1][3]. - The conversion price adjustments were triggered by the stock price falling below 90% of the current conversion price for a specified period [3][4]. Group 3: Proposal for Price Adjustment - The board of directors has proposed to further lower the conversion price to ensure it aligns with market conditions and to protect investor interests [5]. - The proposal requires approval from the shareholders' meeting, with a two-thirds majority needed for implementation [5][4].

Core Viewpoint - The company has announced a downward adjustment of the conversion price for its convertible bonds, "Huayang Convertible Bonds," following the approval from the board and shareholders, reflecting the company's financial strategies and market conditions [1][4][7]. Group 1: Convertible Bond Basic Information - The company issued "Huayang Convertible Bonds" with a total amount of RMB 450 million, net proceeds of RMB 441.07 million, and an initial conversion price of RMB 25.79 per share [1]. - The bond was approved by the China Securities Regulatory Commission and began trading on August 21, 2020 [1]. Group 2: Conversion Price Adjustment History - The conversion price was adjusted from RMB 25.79 to RMB 25.39 on May 25, 2021, following a profit distribution of RMB 4.00 per 10 shares [2]. - A subsequent adjustment reduced the price to RMB 25.09 on May 20, 2022, after a profit distribution of RMB 3.00 per 10 shares [3]. - The conversion price was further adjusted to RMB 24.79 on May 23, 2023, with another profit distribution of RMB 3.00 per 10 shares [3]. Group 3: Recent Price Adjustment Proposal - The board proposed a downward adjustment of the conversion price from RMB 23.99 to RMB 14.39, which was approved in the 2025 second extraordinary general meeting [4][7]. - The new conversion price will take effect from September 2, 2025, and must comply with the stipulated minimum price based on the average trading price prior to the meeting [7]. Group 4: Adjustment Terms and Procedures - The company has outlined specific terms for downward adjustments, including conditions based on stock price performance over a 30-day trading period [5][6]. - The adjustment process requires shareholder approval, and the revised conversion price must not be lower than the average trading price of the stock prior to the meeting [6].