Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds despite triggering the downward adjustment clause due to stock price performance [1][5]. Group 1: Convertible Bond Details - The company issued 12 million convertible bonds on October 14, 2022, with a total fundraising amount of 1.2 billion yuan [2]. - The initial conversion price was set at 34.17 yuan per share, which has been adjusted to 31.72 yuan per share [2][5]. - The bond has a maturity period of six years, from October 14, 2022, to October 13, 2028, with a tiered interest rate structure [2]. Group 2: Price Adjustment Clause - The downward adjustment clause is triggered when the stock price closes below 80% of the conversion price for at least 15 out of 30 consecutive trading days [5]. - As of August 12, 2025, the stock price has met this condition, but the board has chosen not to proceed with the adjustment [1][5]. - The board will reassess the situation after February 13, 2026, should the condition be triggered again [1][5]. Group 3: Future Considerations - The company will not propose any downward adjustment for the next six months, from August 13, 2025, to February 12, 2026 [1][5]. - The board's decision reflects confidence in the company's long-term stability and intrinsic value [5].

Core Viewpoint - Shenzhen Zhongzhuang Construction Group Co., Ltd. has decided to lower the conversion price of its convertible bonds to enhance attractiveness for investors and address stock price performance [1][2]. Group 1 - The fifth board meeting of the company was held on August 8, 2025, with all five directors present, including two independent directors [1]. - The board unanimously approved the proposal to adjust the conversion price of the convertible bonds, "Zhongzhuang Zhuan 2," to RMB 3.79 per share [1]. - The adjustment will take effect on August 11, 2025, after considering the average trading price of the company's stock and the dilution effect [1].

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering the downward adjustment clause due to stock price performance [2][7]. Group 1: Convertible Bond Details - The company issued 4.4 million convertible bonds at a face value of 100 RMB each, raising a total of 440 million RMB [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 further adjusted to 48.02 RMB on July 4, 2024, and to 47.95 RMB on July 2, 2025 [4]. - The downward adjustment clause is triggered when the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days [5]. Group 2: Board Decision - The board of directors convened on August 1, 2025, and unanimously agreed not to adjust the conversion price, with all related directors abstaining from the vote [8][9]. - The decision will remain in effect for three months, until November 1, 2025, during which time the company will not propose any downward adjustment even if the clause is triggered again [7][9].

Group 1 - The first extraordinary general meeting of shareholders for 2025 was held on July 30, 2025, in Hangzhou, Zhejiang Province [2][3] - The meeting was legally convened and presided over by the company's chairman, Tao Lingping, with the presence of legal counsel from Shanghai Dongfang Huayin Law Firm [2][6] - All resolutions presented at the meeting were passed with more than two-thirds of the voting rights held by attending shareholders [5][6] Group 2 - The company announced a downward adjustment of the conversion price for "Lingkang Convertible Bonds" from 8.00 yuan/share to 6.50 yuan/share, effective from August 1, 2025 [9][15] - The adjustment was triggered as the company's stock price had been below 85% of the current conversion price for at least 15 trading days within a 30-day period [11][14] - The average trading price of the company's stock over the 20 trading days prior to the meeting was 5.91 yuan/share, and the price on the previous trading day was 6.40 yuan/share [14]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on August 8, 2025, at 15:00 [1] - The meeting will be conducted using a combination of on-site and online voting methods [1][2] Voting Procedures - On-site voting will occur on August 8, 2025, and shareholders can vote either in person or by proxy [2] - Online voting will be available through the Shenzhen Stock Exchange trading system and internet voting system from 9:15 to 15:00 on the same day [2][4] Shareholder Rights - All ordinary shareholders registered with the China Securities Depository and Clearing Corporation Limited by the close of trading on August 1, 2025, are entitled to attend the meeting [2][3] - The company will separately count and disclose votes from small and medium-sized investors [3] Meeting Agenda - The main proposal for the meeting is to consider the board's suggestion to lower the conversion price of the convertible bonds [3][4] Registration Requirements - Individual shareholders must present their shareholder account card and identification for registration [4] - Proxy representatives must provide necessary documentation, including the authorization letter and identification [4] Additional Information - The company will provide detailed voting procedures and registration forms as attachments [4][7]

Group 1 - The company held its 28th meeting of the 5th Board of Directors on July 23, 2025, with all 5 directors present, including 2 independent directors [1] - The Board proposed to lower the conversion price of the convertible bonds "Zhongzhuang Zhuan 2" to protect the interests of bondholders and optimize the capital structure [1] - The revised conversion price will not be lower than the higher of the average trading price of the company's stock over the 20 trading days prior to the shareholders' meeting and the trading price on the day before the meeting, and it must not be lower than the latest audited net asset value per share [1] Group 2 - The proposal to lower the conversion price will be submitted to the first extraordinary general meeting of shareholders in 2025 for approval, with bondholders required to abstain from voting [2] - The company plans to hold the first extraordinary general meeting of shareholders on August 8, 2025, at a specified location in Shenzhen, combining in-person and online attendance [2] - Relevant documents regarding the meeting and proposals will be published in various financial newspapers and on the company's information website [2]

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds to optimize its capital structure and support long-term development [1][5][7] Group 1: Convertible Bond Basic Information - The company issued 11.6 million convertible bonds on April 16, 2021, with a total value of 1.16 billion yuan [1][2] - The bonds were listed for trading on the Shenzhen Stock Exchange starting May 24, 2021, under the name "Zhongzhuang Zhuan 2" [2] Group 2: Conversion Price Adjustment History - The initial conversion price was set at 6.33 yuan per share, adjusted to 6.28 yuan on June 17, 2021, following a cash dividend distribution [2][3] - The conversion price was further adjusted to 6.31 yuan on April 28, 2022, and then to 6.29 yuan later that year [4] - The most recent adjustment lowered the conversion price to 5.14 yuan on December 30, 2022, and the current proposal suggests a further reduction to 4.80 yuan, effective May 21, 2025 [5][6] Group 3: Conditions for Price Adjustment - The board can propose a price adjustment if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [6][7] - The adjustment requires approval from two-thirds of the voting rights at the shareholders' meeting, with certain conditions regarding the adjusted price [6][7]

Key Points - The company has announced a downward adjustment of the conversion price for its convertible bonds, "Jing'ao Convertible Bonds," from 38.22 RMB/share to 11.66 RMB/share, effective from July 23, 2025 [5] - The total amount raised from the issuance of 89,603,077 convertible bonds at a face value of 100 RMB each is approximately 8.96 billion RMB, with a net amount of about 8.93 billion RMB after deducting issuance costs [1][2] - The conversion period for the bonds is set from January 24, 2024, to July 17, 2029, with the initial conversion price being subject to adjustments based on specific conditions outlined in the offering prospectus [2][3] - The company’s board of directors has the authority to propose adjustments to the conversion price if the stock price falls below 85% of the current conversion price for at least 15 trading days within any 30-day period [3][4] - The adjustment process requires approval from shareholders, with a two-thirds majority needed for implementation [4]

Core Viewpoint - The company has decided not to adjust the conversion price of the "Jian Gong Convertible Bonds" despite triggering the downward adjustment clause as of July 16, 2025, and will not propose any downward adjustment in the next five months if the clause is triggered again [1][5][6] Summary of Convertible Bonds - The company issued 16,600,000 convertible bonds on December 20, 2019, with a total value of 1,660,000,000 yuan, each with a face value of 100 yuan [1][2] - The bonds are set to mature on December 19, 2025, with an initial conversion price of 4.65 yuan per share [2] - The latest conversion price is 4.07 yuan per share, with several adjustments made due to annual cash dividends over the years [2][3][4] Downward Adjustment Conditions - The downward adjustment clause is triggered when the closing price of the company's stock is below 90% of the current conversion price for at least ten out of twenty consecutive trading days [5] Decision on Non-Adjustment - The board of directors held a meeting on July 16, 2025, and unanimously decided not to adjust the conversion price, considering various factors such as macroeconomic conditions, market fluctuations, and the company's long-term value [1][5][6]

Core Viewpoint - The board of directors of Lingkang Pharmaceutical Group Co., Ltd. proposes to lower the conversion price of "Lingkang Convertible Bonds" due to the stock price being below 85% of the current conversion price for at least 15 out of the last 30 trading days [1][4]. Summary by Sections 1. Basic Information of Convertible Bonds - Lingkang Pharmaceutical issued 5.25 million convertible bonds on December 1, 2020, with a face value of 100 yuan each, totaling 525 million yuan [2]. - The bonds are traded under the name "Lingkang Convertible Bonds" with the code "113610" [2]. 2. Conversion Price Adjustment Terms and Trigger Conditions - The conversion price can be adjusted if the stock price is below the current conversion price for at least 15 out of 30 consecutive trading days [3]. - The initial conversion price was set at 8.81 yuan per share, with the latest adjustment bringing it down to 8.00 yuan per share [2]. 3. Procedures for Price Adjustment Proposal - The board meeting on July 14, 2025, approved the proposal to lower the conversion price and will submit it to the shareholders' meeting for approval [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 shareholders' meeting and the previous trading day's average [5].