Group 1 - The company is holding its fourth extraordinary general meeting of shareholders on July 10, 2025, to discuss important matters including the proposal to adjust the conversion price of "Jialit Convertible Bonds" [2][6][12] - The meeting will allow both on-site and online voting, with specific time slots for each voting method [4][6] - Shareholders must register and present valid identification to participate in the meeting, and there are rules governing the conduct of the meeting and the speaking time for shareholders [3][5][8] Group 2 - The proposal to adjust the conversion price of "Jialit Convertible Bonds" is based on the condition that the stock price has been below 85% of the current conversion price for 15 out of the last 30 trading days [7][12] - The initial conversion price was set at 23.40 yuan per share, and it has been adjusted multiple times, with the current price being 10.63 yuan per share [9][10] - The board of directors has proposed to authorize the board to handle the adjustment of the conversion price, which requires approval from two-thirds of the voting rights at the shareholders' meeting [13]

Core Viewpoint - The company announced a downward adjustment of the conversion price for its convertible bonds, "建工转债," from 4.25 yuan per share to 4.07 yuan per share, effective June 27, 2025 [1][6]. Group 1: Convertible Bond Issuance Overview - The company issued 16.6 million convertible bonds on December 20, 2019, with a total value of 1.66 billion yuan and a six-year term [1][2]. - The initial conversion price was set at 4.65 yuan per share, which has been adjusted multiple times due to annual cash dividends [2][3]. Group 2: Conversion Price Adjustment Details - The conversion price was adjusted to 4.57 yuan per share on July 16, 2020, following a cash dividend of 0.076 yuan per share [2]. - Subsequent adjustments occurred, with the conversion price reaching 4.25 yuan per share after a cash dividend of 0.01 yuan per share in 2023 [3][4]. Group 3: Triggering Conditions for Price Adjustment - The downward adjustment clause was triggered when the stock price fell below 90% of the current conversion price for at least ten trading days within a twenty-day period, specifically below 3.825 yuan per share [5]. - The company’s stock price met this condition from May 27 to June 10, 2025, prompting the board to propose the adjustment [5]. Group 4: Approval Process for Price Adjustment - The board approved the proposal for the price adjustment on June 10, 2025, and it was subsequently ratified at the annual shareholders' meeting on June 25, 2025 [6]. - The adjusted conversion price was determined to be compliant with the company's net asset value and trading averages prior to the shareholders' meeting [6].

Core Viewpoint - The company has decided not to adjust the conversion price of the Tianjian convertible bonds despite triggering the downward adjustment clause due to stock price performance [1][5]. Group 1: Convertible Bond Issuance - The company issued convertible bonds totaling 495 million yuan, with a face value of 100 yuan per bond, and the bonds were listed on September 19, 2022 [2]. - The conversion price is set at 85% of the stock price, which is 45.00 yuan per share, and the downward adjustment clause was triggered as the stock price fell below this threshold for 15 out of 30 trading days [3][4]. Group 2: Decision on Price Adjustment - The board of directors approved the decision not to adjust the conversion price during a meeting held on June 24, 2025, considering various factors including market conditions and the company's long-term potential [5]. - The company will not propose a downward adjustment for six months following the board's decision, from June 25, 2025, to December 24, 2025, but may reconsider if the adjustment clause is triggered again after December 25, 2025 [1][5].

Group 1 - The company announced that the convertible bond "Kewo Convertible Bond" may meet the conditions for a downward adjustment of the conversion price [1][2] - The conversion price adjustment clause allows the board to propose a downward adjustment if the stock price is below 85% of the current conversion price for 15 out of 30 consecutive trading days [1] - The adjusted conversion price must not be lower than the average trading price of the company's A shares over the 20 trading days prior to the shareholders' meeting [1] Group 2 - From June 9, 2025, to June 20, 2025, the company's stock has recorded 10 trading days where the closing price was below 85% of the current conversion price of 174.72 yuan per share, which is 148.51 yuan per share [2] - If the stock price continues to meet the conditions in the next 20 trading days, it may trigger the conversion price adjustment clause [2] - The company will disclose relevant announcements regarding the adjustment, including the adjustment range and the record date for shareholders [2]

Summary of Key Points Core Viewpoint - The announcement details the issuance and adjustment of the convertible bonds "韦尔转债" by Shanghai 韦尔半导体股份有限公司, including the bond's terms, adjustments to the conversion price, and the conditions under which the conversion price may be revised [1][2]. Group 1: Convertible Bond Issuance - The company has issued a total of 244 million yuan in convertible bonds, with each bond having a face value of 100 yuan and a maturity period of 6 years [1]. - The bonds were approved by the China Securities Regulatory Commission and began trading on January 22, 2021 [1]. - The initial conversion price was set at 222.83 yuan per share [1]. Group 2: Conversion Price Adjustments - The conversion price has undergone several adjustments: - From 222.83 yuan to 222.52 yuan effective June 30, 2021 [1]. - From 222.52 yuan to 164.44 yuan effective July 28, 2022 [1]. - From 164.44 yuan to 164.36 yuan effective July 31, 2023 [1]. - From 164.36 yuan to 162.80 yuan effective November 10, 2023 [1]. - From 162.80 yuan to 162.66 yuan effective August 13, 2024 [1]. - From 162.66 yuan to 162.46 yuan effective December 18, 2024 [1]. Group 3: Price Adjustment Clauses - The company has the right to propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for 15 out of 30 consecutive trading days [1]. - The board has decided not to exercise this right for the upcoming 6-month periods, indicating a strategic choice to maintain the current conversion price [2].

Core Points - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering conditions for a downward adjustment due to stock prices falling below 80% of the current conversion price for at least 15 trading days within a 30-day period [1][8] - The next period for potential adjustment will restart from December 22, 2025, if the conditions are triggered again [1][8] Convertible Bond Basic Information - The company issued 5 million convertible bonds at a face value of 100 RMB each, totaling 500 million RMB, which began trading on January 12, 2021 [1][2] - The initial conversion price was set at 35.35 RMB per share [2] Conversion Price Adjustment History - The conversion price was adjusted to 35.15 RMB per share on June 11, 2021, following a cash dividend distribution of 2.00 RMB per 10 shares [2][3] - Subsequent adjustments occurred, with the conversion price changing to 34.98 RMB on May 25, 2022, and further adjustments to 34.81 RMB on May 26, 2023, and 34.61 RMB on June 17, 2024 [3][4][5] Non-Adjustment Decision Explanation - The board of directors considered various factors, including the company's fundamentals and market conditions, before deciding not to adjust the conversion price on June 19, 2025 [8] - The decision aims to maintain the long-term interests of all shareholders and creditors [8]

Group 1 - The company announced that it will not adjust the conversion price of its convertible bonds, "起帆转债" [5][7] - The initial conversion price was set at 20.53 yuan per share, which has been adjusted multiple times due to stock incentive plans and profit distributions, with the latest price being 19.59 yuan per share [2][3][4] - The board of directors decided not to exercise the downward adjustment of the conversion price despite triggering conditions being met, citing confidence in the company's long-term development and market conditions [6][7] Group 2 - The convertible bonds were issued on May 24, 2021, with a total amount of 1 billion yuan and a maturity of 6 years, featuring a tiered interest rate structure [1] - The bonds were listed on the Shanghai Stock Exchange on June 17, 2021, under the code "111000" [1] - The next period for potential downward adjustment of the conversion price will start from June 20, 2025, if the conditions are triggered again [5][7]

Group 1 - The board of directors of Shanghai Qifan Cable Co., Ltd. held its 37th meeting on June 19, 2025, with all 9 directors present, confirming compliance with legal and procedural requirements [1][2] - The board reviewed and approved the proposal not to adjust the conversion price of the "Qifan Convertible Bonds" downwards, despite meeting the conditions for such an adjustment due to stock price performance [1] - The decision was made after considering the company's fundamentals, market conditions, and stock price trends, reflecting confidence in the company's long-term stable development and intrinsic value [1]

Core Viewpoint - The company proposes to adjust the conversion price of its convertible bonds due to the stock price falling below a certain threshold, aiming to enhance the investment value of the bonds and protect the interests of bondholders [1][9]. Group 1: Convertible Bond Basic Information - The company issued 6.5 million convertible bonds with a total value of 650 million yuan, with a maturity of 6 years starting from July 3, 2020 [1][2]. - The initial conversion price was set at 29.82 yuan per share, with subsequent adjustments made over time [2][3]. Group 2: Conversion Price Adjustments - The conversion price has been adjusted multiple times: from 29.82 yuan to 29.55 yuan on April 30, 2021, then to 29.22 yuan on May 16, 2022, and further down to 29.00 yuan on June 5, 2023 [2][3][4]. - The latest adjustment proposed is from 28.78 yuan to 28.65 yuan, effective from November 11, 2024 [5]. Group 3: Trigger for Price Adjustment - The company has triggered the downward adjustment clause for the conversion price as the stock price has been below 85% of the current conversion price for 15 out of the last 30 trading days [1][6][9]. - The proposed adjustment will require approval from shareholders, needing a two-thirds majority vote [7][9]. Group 4: Shareholder Meeting and Voting - The board of directors will submit the proposal for the conversion price adjustment to the shareholders' meeting, where bondholders must abstain from voting [7][9]. - The adjusted conversion price must not be lower than the higher of the average stock price over the last 20 trading days or the last trading day before the meeting [9]. Group 5: Additional Information - The conversion period for the bonds is from January 4, 2021, to June 28, 2026, and the company encourages investors to be aware of investment risks [10].

Core Viewpoint - The company 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 [1][5]. Group 1: Convertible Bond Issuance Overview - The company issued convertible bonds totaling 2.6 billion RMB, with a maturity of 6 years, approved by the China Securities Regulatory Commission [2]. - The bonds were listed on the Shanghai Stock Exchange on September 8, 2023, under the name "双良转债" and code "110095" [2]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at 11.81 RMB per share, which was later adjusted to 7.20 RMB per share on October 25, 2024 [3][4]. - A further adjustment brought the conversion price down to 6.18 RMB per share on March 25, 2025 [4]. Group 3: Decision on Downward Adjustment - As of June 16, 2025, the company's stock price had been below the conversion price for at least 15 trading days within a 30-day period, triggering the conditions for a downward adjustment [1][5]. - The board decided not to exercise the right to adjust the conversion price, citing confidence in the company's long-term value and the impact of macroeconomic factors [5]. - The board will reassess the situation after July 17, 2025, should the conditions for adjustment be met again [1][5].