Group 1 - The company held its 29th meeting of the 6th Board of Directors on September 4, 2025, via electronic communication, with 7 out of 8 directors participating [1] - The meeting confirmed that the company's stock price had been below 85% of the current conversion price for at least 15 out of the last 30 trading days, triggering the condition for downward adjustment of the "Lanfan Convertible Bond" conversion price [1] Group 2 - To protect the interests of bondholders and optimize the company's capital structure, the Board proposed to lower the conversion price of the "Lanfan Convertible Bond," which requires approval from the shareholders' meeting [2] - The adjusted conversion price will not be lower than the higher of the average stock price over the last 20 trading days before the shareholders' meeting and the previous trading day's stock price, and it must also not be lower than the latest audited net asset value per share and the stock's par value [2] - The Board requested authorization from the shareholders' meeting to handle all matters related to the downward adjustment of the conversion price, including determining the new conversion price and effective date [2] Group 3 - The Board agreed to hold the 2025 Fourth Extraordinary Shareholders' Meeting on September 22, 2025, with unanimous support from the directors [3] - The details of the Board's proposal to adjust the conversion price will be disclosed in designated media outlets [3]

Meeting Information - The company will hold its fourth extraordinary general meeting of shareholders on September 22, 2025, at 14:00 [1] - Shareholders can participate in the meeting either in person or via online voting through the Shenzhen Stock Exchange system [1][4] - The deadline for registration to attend the meeting is September 15, 2025 [2] Voting Procedures - Shareholders can choose either on-site voting or online voting, but not both; if duplicate votes are cast, only the first valid vote will be counted [2] - The proposal to adjust the conversion price of "Blue Sail Convertible Bonds" requires a two-thirds majority from the attending shareholders [2][10] - Specific voting procedures for online participation are detailed in the attached documents [6] Registration Requirements - Individual shareholders must present valid identification and stock account information for registration [3][4] - Corporate shareholders must provide identification for their legal representatives or authorized agents along with relevant corporate documents [4] Contact Information - The company has provided contact details for inquiries related to the meeting [9]

Core Viewpoint - The company is expected to trigger the condition for a downward adjustment of the convertible bond conversion price due to its stock closing price being below 85% of the current conversion price for 10 trading days from August 11, 2025 to September 3, 2025 [2][16]. Group 1: Convertible Bond Basic Information - The company issued 10 million convertible bonds with a total value of 1 billion RMB on March 25, 2021, with a face value of 100 RMB each [3]. - The convertible bonds were listed on the Shenzhen Stock Exchange on April 23, 2021, under the name "洋丰转债" and code "127031" [4]. - The conversion period for the bonds is from October 8, 2021, to March 24, 2027 [5]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at 20.13 RMB per share, which was adjusted to 19.94 RMB per share on May 11, 2021, following a profit distribution [7]. - The conversion price was further adjusted to 17.76 RMB per share on December 21, 2021, and then to 17.57 RMB per share on May 17, 2022, after subsequent profit distributions [8][9]. - The latest adjustment brought the conversion price to 17.38 RMB per share on May 23, 2023, and it will be adjusted to 17.69 RMB per share effective January 3, 2024, following a capital reduction [11][12]. Group 3: Downward Adjustment Conditions - The company has the right to propose a downward adjustment of the conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [14]. - If the downward adjustment condition is triggered, the company will disclose the decision and the new conversion price in accordance with relevant regulations [17]. - The next potential adjustment period will begin on August 11, 2025, and if the stock price remains below 14.53 RMB (85% of 17.09 RMB), the adjustment condition will be met [16].

Core Viewpoint - The company has decided to lower the conversion price of its convertible bonds, "Tianye Convertible Bonds," from 6.78 yuan per share to 5.60 yuan per share, effective from September 3, 2025, following a series of stock price adjustments and shareholder approvals [1][5][6]. Group 1: Convertible Bond Details - The initial conversion price of "Tianye Convertible Bonds" was set at 6.90 yuan per share, which has been adjusted to 6.78 yuan per share before the recent downward revision [2][4]. - The bonds were issued on June 23, 2022, with a maturity period of six years, and the interest rates vary from 0.20% in the first year to 2.00% in the sixth year [1][2]. Group 2: Price Adjustment Mechanism - The company can propose a downward adjustment of the conversion price if the stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3][4]. - The adjusted conversion price must not be lower than the higher of the average stock price over the 20 trading days prior to the shareholder meeting and the last trading day's average price [3][4]. Group 3: Decision Process and Implementation - The board of directors proposed the downward adjustment, which was approved by the shareholders, allowing the board to implement the change [5][6]. - The new conversion price will be effective from September 3, 2025, with the conversion process resuming after a temporary suspension on September 2, 2025 [1][5].

Group 1 - The company, Jiangsu Wujin Stainless Steel Co., Ltd., has announced a potential downward adjustment of the conversion price for its convertible bonds, "Wujin Convertible Bonds" [1][2] - The company issued 3.1 million convertible bonds with a total amount of 31 million yuan, which began trading on August 3, 2023 [2] - The initial conversion price was set at 8.55 yuan per share, which has been adjusted to 7.93 yuan per share due to annual profit distribution [2][3] Group 2 - The downward adjustment clause for the conversion price states that if the company's stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days, the board can propose a price adjustment [4] - The company has observed that from August 14 to August 27, 2025, the stock price has been below the current conversion price threshold, indicating a potential trigger for the adjustment [7] - If the conditions for adjustment are met, the company will disclose the decision regarding the conversion price adjustment in accordance with regulatory requirements [7]

Group 1 - The company issued 3.1 million convertible bonds with a total value of 310 million yuan, which began trading on August 3, 2023 [1] - The initial conversion price was set at 8.55 yuan per share, which has been adjusted to 7.93 yuan per share due to annual profit distribution [2][1] - The bond has a maturity period of six years, from July 10, 2023, to July 9, 2029, with increasing interest rates over the years [1] Group 2 - The bond's conversion price can be adjusted downwards if the company's stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [2][4] - If the conversion price adjustment condition is triggered, the company must hold a board meeting to decide on the adjustment and disclose the decision the next trading day [4][3] - The threshold for triggering the adjustment is set at 6.74 yuan per share, meaning if the stock price closes below this level for five trading days within a 20-day period, the adjustment will be considered [4]

Core Points - The company announced that from July 17 to August 25, 2025, its stock closing price was below 85% of the current conversion price (6.86 CNY/share), triggering the downward adjustment clause for "Huitong Convertible Bonds" [1] - In 2025, the company's second board meeting decided not to adjust the conversion price of "Huitong Convertible Bonds" downwards [1] - The next period for triggering the adjustment condition will be recalculated from August 26, and if triggered again, the board will reconsider whether to exercise the adjustment rights [1] - "Huitong Convertible Bonds" were listed on January 11, 2023, with an initial conversion price of 8.23 CNY/share, which has now decreased to 8.07 CNY/share [1] - The company reminds investors to pay attention to subsequent announcements and investment risks [1]

Group 1 - The company held its 15th meeting of the 10th Board of Directors on August 22, 2025, with all 9 directors present, including 3 independent directors [2][4] - The Board decided not to lower the conversion price of the "Kehua Convertible Bonds" for the next six months, from August 23, 2025, to February 22, 2026, despite triggering the downward adjustment clause [3][15] - The decision was made based on the company's confidence in its long-term stable development and intrinsic value, considering various factors such as stock price trends and market conditions [15] Group 2 - The "Kehua Convertible Bonds" were issued on July 28, 2020, with a total of 7.38 million bonds at a face value of 100 yuan each, amounting to a total issuance of 738 million yuan [9] - The initial conversion price was set at 21.50 yuan per share, which has undergone several adjustments due to various corporate actions, with the latest adjustment bringing it to 20.64 yuan per share effective from May 10, 2023 [10][12] - The downward adjustment clause allows the Board to propose a reduction in the conversion price if the stock price falls below 90% of the conversion price for at least 10 out of 20 consecutive trading days [13]

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering conditions for a downward adjustment due to stock price performance [1][7]. Group 1: Convertible Bond Basic Information - The company issued 7.38 million convertible bonds with a face value of 73.8 million yuan on July 28, 2020, with the initial conversion price set at 21.50 yuan per share [2]. - The conversion price has been adjusted multiple times due to various corporate actions, with the latest adjustment resulting in a conversion price of 21.24 yuan per share [4][5]. Group 2: Downward Adjustment Clause - The downward adjustment clause for the convertible bonds is triggered if the stock price closes below 90% of the current conversion price for at least 10 out of 20 consecutive trading days [6]. - If the company decides to adjust the conversion price, it must follow specific procedures, including shareholder approval and public disclosure [6]. Group 3: Decision on Price Adjustment - The board of directors has chosen not to exercise the right to adjust the conversion price, citing confidence in the company's long-term development and market conditions [7]. - The decision will remain in effect for six months, after which the company will reassess the situation if the adjustment conditions are triggered again [7].

Group 1 - The company held its fourth board meeting on August 21, 2025, with all nine directors present, confirming compliance with legal and procedural requirements [1] - The board approved a proposal to lower the conversion price of the "Qifan Convertible Bonds" due to the stock price being below 85% of the conversion price for at least 15 out of 30 consecutive trading days [1][2] - The board's decision aims to ensure the company's sustainable development, optimize its capital structure, and protect investor interests, with the proposal to be submitted for shareholder approval [1][2] Group 2 - The board also approved a proposal to convene the second extraordinary general meeting of shareholders in 2025, with all nine directors voting in favor [2]