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 prices falling below 80% of the current conversion price [2][9]. Group 1: Convertible Bond Details - The company issued 20 million convertible bonds with a total value of RMB 2 billion, maturing in 2028, with a tiered interest rate starting from 0.3% in the first year [3]. - The initial conversion price was set at RMB 5.00 per share, which has been adjusted multiple times due to equity distributions, currently standing at RMB 4.79 per share [4]. Group 2: Trigger Conditions for Price Adjustment - From September 8 to September 26, 2025, the company's stock closed below 80% of the current conversion price for 15 trading days, triggering the adjustment clause [8]. Group 3: Board Decision on Price Adjustment - The board of directors, after considering various factors, decided not to proceed with the downward adjustment of the conversion price and will not propose any adjustments for the next month [9]. - The board will reassess the situation after October 27, 2025, should the adjustment conditions be triggered again [9].

Core Viewpoint - The board of Zhejiang Xinneng Photovoltaic Technology Co., Ltd. has decided not to lower the conversion price of its convertible bonds despite the stock price falling below the threshold for 15 consecutive trading days, reflecting confidence in the company's long-term potential and value [5][11][18]. Group 1: Board Meeting Details - The 11th meeting of the 5th board of directors was held on September 25, 2025, with all 8 directors present [2][3]. - The meeting was convened in accordance with the relevant provisions of the Company Law and the Articles of Association, making the resolutions legally valid [4]. Group 2: Resolution on Conversion Price - The board reviewed and approved the proposal not to adjust the conversion price of "Xinneng Convertible Bonds" despite the stock price being below 85% of the current conversion price for 15 trading days [5][11]. - The current conversion price is set at 12.75 yuan per share, and the threshold for adjustment is 10.8375 yuan per share [11][18]. - The decision was made after considering the company's fundamentals, stock price trends, and market conditions, aiming to protect the interests of all investors [5][18]. Group 3: Future Considerations - If the conversion price adjustment conditions are triggered again within six months from the board's decision, the company will not propose a downward adjustment [11][18]. - Starting from March 26, 2026, if the conditions are met again, the board will reconvene to decide on the adjustment [5][18].

Core Viewpoint - The company is expected to trigger the price adjustment clause for its convertible bonds due to the stock price falling below a certain threshold, which may lead to a board meeting to decide on the adjustment [2][9]. Group 1: Convertible Bond Issuance Overview - The company issued 15 million convertible bonds with a total value of 1.5 billion yuan, with a maturity of 6 years and a tiered interest rate starting from 0.3% in the first year to 2.0% in the sixth year [3]. - The initial conversion price was set at 10.22 yuan per share, which has been adjusted to 10.09 yuan per share following various corporate actions [3][4]. Group 2: Price Adjustment Clause and Trigger Conditions - The price adjustment clause allows for a downward revision of the conversion price if the stock price remains below 85% of the current conversion price for a specified number of trading days [5][6]. - The company has already experienced 10 trading days where the stock price closed below 8.58 yuan, which is 85% of the current conversion price, indicating a potential trigger for the adjustment [9]. Group 3: Previous Decisions and Future Implications - The company previously decided not to adjust the conversion price during a specific period, but if the conditions are met again after this period, the board will consider a new adjustment [8]. - If the adjustment conditions are triggered, the company will hold a board meeting to decide on the adjustment and will disclose the decision promptly [9].

Group 1 - The company announced a downward adjustment of the conversion price for "Jinko Convertible Bonds" from 5.21 CNY/share to 4.50 CNY/share, effective from September 25, 2025 [2] - The "Jinko Convertible Bonds" were publicly issued on April 23, 2021, with a total issuance amount of 3 billion CNY and a term of 6 years, listed on the Shanghai Stock Exchange on May 31, 2021 [2] - The adjustment of the conversion price was triggered by the stock price falling below 90% of the current conversion price for 15 out of 30 trading days during the specified period [2] Group 2 - The company indicated that if the conversion price adjustment conditions are triggered again within the next six months (from September 25, 2025, to March 24, 2026), it will not propose a revision plan [3] - The company's stock closed at 3.67 CNY/share on September 23, with a total market capitalization of 13.11 billion CNY, while the convertible bond closed at 123.693 CNY per bond [4]

Core Viewpoint - Zhejiang Xinneng Photovoltaic Technology Co., Ltd. ("the company") has announced that its convertible bond, "Xinneng Convertible Bond," is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the current conversion price for ten consecutive trading days [2][9]. Group 1: Convertible Bond Issuance Overview - The company issued 8.80 billion yuan worth of convertible bonds on October 26, 2023, with a maturity of six years and a tiered interest rate starting from 0.30% in the first year to 2.50% in the sixth year [3]. - The initial conversion price was set at 13.10 yuan per share, with the first conversion date starting from May 6, 2024, until October 25, 2029 [3][5]. Group 2: Conversion Price Adjustment Conditions - The current conversion price is 12.75 yuan per share, which may be adjusted downward if the stock price remains below 85% of the conversion price for a specified period [4][5]. - The company has the authority to propose a downward adjustment of the conversion price if the stock price conditions are met, requiring a two-thirds majority approval from shareholders [6]. Group 3: Recent Trigger Conditions - From September 5 to September 18, 2025, the company's stock price has been below 10.8375 yuan (85% of the current conversion price) for ten consecutive trading days [2][9]. - If the stock price continues to meet the conditions for five trading days within the next twenty trading days, the company will convene a board meeting to decide on the adjustment of the conversion price [2][9].

Core Viewpoint - The company has announced a downward adjustment of the conversion price for its convertible bonds, "Jia Yuan Convertible Bonds," from 41.88 yuan per share to 33.18 yuan per share, effective from September 18, 2025 [4][11][26]. Group 1: Convertible Bond Issuance Overview - The company issued 12.4 million convertible bonds with a total value of 1.24 billion yuan on February 23, 2021, with a maturity period of six years [1][2]. - The initial conversion price was set at 78.99 yuan per share, with several adjustments made since then due to various corporate actions [3][5]. Group 2: Conversion Price Adjustment History - The conversion price was adjusted to 78.74 yuan per share on May 6, 2021, and further adjusted to 78.03 yuan per share on May 6, 2022, due to annual profit distribution [3][5]. - The conversion price was subsequently adjusted to 71.22 yuan per share on October 20, 2022, and then to 50.48 yuan per share on May 26, 2023, following additional corporate actions [5][6]. Group 3: Recent Price Adjustment Details - The conversion price was adjusted downwards to 41.88 yuan per share on July 11, 2024, and was triggered for further adjustment due to stock prices falling below 35.60 yuan per share [6][9][11]. - The final adjustment to 33.18 yuan per share was approved by the board on September 16, 2025, after considering the average stock prices leading up to the decision [10][11][26]. Group 4: Shareholder Meeting and Approval - The fourth extraordinary general meeting of shareholders was held on September 16, 2025, where the proposal to adjust the conversion price was passed with over two-thirds approval [19][25]. - The meeting was conducted in compliance with legal and regulatory requirements, ensuring the validity of the resolutions passed [20][23].

Core Viewpoint - The company has decided not to adjust the conversion price of the "Shou 22 Convertible Bonds" despite triggering conditions for a downward adjustment, citing confidence in its future development potential and the need to treat all investors fairly [1][6]. Group 1: Convertible Bond Issuance and Terms - The company issued 3.98 million convertible bonds on November 17, 2022, with a total amount of 398 million yuan, and the bonds are set to mature on November 16, 2028 [2]. - The initial conversion price was set at 38.08 yuan per share, which has been adjusted to 36.84 yuan per share as of the latest update [2][4]. - The conversion period for the bonds is from May 23, 2023, to November 16, 2028 [1]. Group 2: Conversion Price Adjustment Conditions - The conversion price can be adjusted downward if the company's stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - The specific threshold for triggering the adjustment was set at 31.31 yuan per share [4][5]. Group 3: Board Decision on Price Adjustment - On September 15, 2025, the board unanimously decided not to adjust the conversion price, with all five votes in favor and no opposition [5]. - The board will reassess the situation if the adjustment conditions are triggered again within the next six months, starting from September 16, 2025 [6].

Core Viewpoint - Zhejiang Shouxiangu Pharmaceutical Co., Ltd. has decided not to adjust the conversion price of its "Shou 22 Convertible Bonds" despite triggering the downward adjustment clause due to stock price performance [2][7]. Group 1: Convertible Bond Details - The "Shou 22 Convertible Bonds" were issued on November 17, 2022, with a total amount of 398 million yuan and a maturity period of six years [3]. - The initial conversion price was set at 38.08 yuan per share, which has been adjusted to 36.84 yuan per share as of May 23, 2023 [5][6]. - The bond's conversion period is from May 23, 2023, to November 16, 2028 [5]. Group 2: Price Adjustment Clause - The downward adjustment clause is triggered when the stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [6]. - From August 26 to September 15, 2025, the stock price met the criteria for triggering this clause [2][6]. Group 3: Board Decision - The board of directors held a meeting on September 15, 2025, and unanimously decided not to adjust the conversion price, with all five votes in favor [7]. - The decision was made considering the company's future potential and market conditions, aiming to protect the interests of all investors [7].

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds due to the stock price falling below 85% of the current conversion price for 15 trading days, triggering the downward adjustment clause [2][11]. Group 1: Convertible Bond Issuance and Adjustment - The company issued 3.6 million convertible bonds on December 15, 2022, with a total amount of 36 million yuan and a maturity of six years [5]. - The initial conversion price was set at 8.23 yuan per share, which has been adjusted to 8.07 yuan per share due to various corporate actions [7]. - The conversion price adjustment clause allows the board to propose a downward adjustment if the stock price falls below 85% of the conversion price for 15 trading days [9][11]. Group 2: Board Meeting and Decision - The company's board of directors held an emergency meeting on September 15, 2025, where they unanimously approved the proposal to lower the conversion price of the convertible bonds [17][18]. - The board's decision is based on the need to ensure the company's sustainable development and optimize its capital structure [12][18]. - The proposed adjustment will be submitted for approval at the upcoming shareholders' meeting, requiring a two-thirds majority vote [12][19]. Group 3: Upcoming Shareholders' Meeting - The second extraordinary shareholders' meeting is scheduled for October 10, 2025, to discuss the proposed adjustment of the conversion price [20][23]. - The meeting will utilize a combination of on-site and online voting methods [25]. - Shareholders holding the convertible bonds must abstain from voting on the relevant proposals [19][27].

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]