Core Viewpoint - The company announces that the "Giant Star Convertible Bond" is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 80% of the conversion price for ten trading days [1] Group 1: Convertible Bond Basic Information - The company issued a total of 1 billion yuan of convertible bonds on April 25, 2022, with a face value of 100 yuan per bond and a six-year term [2] - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the name "Giant Star Convertible Bond" and code "113648" [3] Group 2: Conversion Price Adjustment - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan per share effective from August 8, 2023, following a profit distribution plan approved at the annual shareholders' meeting [4][5] - The adjustment conditions state that if the stock price is below 80% of the conversion price for at least 15 out of 30 consecutive trading days, the board may propose a downward adjustment of the conversion price [6] Group 3: Triggering Conditions for Price Adjustment - From April 28, 2025, to May 26, 2025, the company's stock price has been below 20.168 yuan (80% of the adjusted conversion price) for ten trading days, indicating a potential trigger for the price adjustment [5][6] - If the stock price continues to meet the criteria in the next 13 trading days, the adjustment clause may be triggered [6] Group 4: Compliance and Disclosure Obligations - The company is required to hold a board meeting on the day the adjustment condition is triggered to decide whether to adjust the conversion price and must disclose the decision by the next trading day [7]

Core Viewpoint - The company has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price falling below a specified threshold for a consecutive period [1][12]. Group 1: Convertible Bond Basic Information - The company issued 14,761,896 convertible bonds on November 4, 2020, with a total amount of RMB 1,476.1896 million and an initial conversion price of RMB 8.31 per share [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on December 2, 2020, under the name "Yingfeng Convertible Bonds" with the code "127024.SZ" [3]. - The conversion period for the bonds is from May 10, 2021, to November 3, 2026 [4]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at RMB 8.31 per share [6]. - The conversion price was adjusted to RMB 8.19 per share on July 8, 2021, following a cash dividend distribution [7]. - The conversion price was further adjusted to RMB 8.09 per share on July 20, 2022, due to another cash dividend distribution [8]. - The conversion price was adjusted again to RMB 7.98 per share on July 18, 2023, after a cash dividend distribution [9]. - The most recent adjustment set the conversion price at RMB 7.86 per share effective from July 16, 2024 [10]. Group 3: Downward Adjustment Clause - The company has a clause that allows for a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [11]. - If triggered, the company will follow the necessary procedures for the adjustment and disclose the details to investors [12]. - As of April 26, 2025, the stock price has been below RMB 6.681 per share for 10 trading days, indicating a potential trigger for the downward adjustment [12].

Core Viewpoint - The company announces that the "Qifan Convertible Bonds" are expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the conversion price for ten consecutive trading days from May 8, 2025, to May 21, 2025 [1][5] Summary by Sections Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds, amounting to 1 billion yuan, with a term of 6 years starting from June 17, 2021 [1][2] - The initial conversion price was set at 20.53 yuan per share [2] Adjustment of Conversion Price - The conversion price has been adjusted multiple times due to corporate actions: - Adjusted from 20.53 yuan to 20.10 yuan due to a restricted stock incentive plan [2] - Adjusted from 20.10 yuan to 19.86 yuan following the 2021 profit distribution [2] - Adjusted from 19.86 yuan to 19.75 yuan after the 2022 profit distribution [3] - Adjusted from 19.75 yuan to 19.59 yuan after the 2023 profit distribution, effective from June 18, 2024 [3] Downward Adjustment Clause and Trigger Conditions - The downward adjustment clause states that if the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days, the board may propose a downward adjustment [4] - The company will hold a board meeting to decide whether to exercise the downward adjustment right if the conditions are met [4][5]

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 prices falling below 85% of the current conversion price [1][6]. Group 1: Convertible Bond Basic Information - The company issued 7,249,178 convertible bonds at a face value of RMB 100 each, totaling approximately RMB 716.33 million [2]. - The convertible bonds were listed on the Shenzhen Stock Exchange on May 11, 2023, under the name "Kesi Convertible Bonds" with the code "123192" [2]. - The conversion period for the bonds runs from the end of the issuance on April 12, 2023, until the maturity date on April 12, 2029 [2]. Group 2: Conversion Price Adjustment Terms - The initial conversion price was set at RMB 53.03 per share, which was later adjusted to RMB 52.03 per share effective from June 2, 2023 [2]. - 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 trading days within a 30-day period [4][5]. - If the downward adjustment is approved by the shareholders, the new conversion price must not be lower than the higher of the average stock price over the previous 20 trading days or the last trading day before the meeting [4]. Group 3: Recent Board Decision - On May 16, 2025, the board of directors decided not to adjust the conversion price of the "Kesi Convertible Bonds" despite the stock price falling below the threshold [1][6]. - The board will not propose any downward adjustment for the next six months, and if the adjustment clause is triggered again, a new meeting will be convened to decide on the matter [1][6].

Core Viewpoint - The company is at risk of triggering a downward adjustment of the conversion price for its convertible bonds due to its stock price being below 85% of the current conversion price for a significant number of trading days [2][6]. Group 1: Convertible Bond Overview - The company issued 14 million convertible bonds with a total value of 1.4 billion RMB, with a maturity of 6 years and a face value of 100 RMB per bond [3]. - The coupon rates for the bonds are set to increase over the years, starting from 0.30% in the first year to 2.00% in the sixth year [3]. - The bonds are listed on the Shanghai Stock Exchange under the name "东材转债" with the code "113064" and can be converted into shares starting from May 22, 2023, at an initial conversion price of 11.75 RMB per share, which has been adjusted to 11.63 RMB per share [3][5]. Group 2: Conversion Price Adjustment Terms - The company’s board has the authority to propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [4]. - The adjusted conversion price must not be lower than the higher of the average stock price over the previous 20 trading days or the latest audited net asset value per share [4]. - If the conversion price is adjusted, the company will announce the details on the Shanghai Stock Exchange and other designated media [5].

Core Viewpoint - The company, Qingdao High Test Technology Co., Ltd., is likely to trigger the downward adjustment of the conversion price for its convertible bonds due to the stock price being below 85% of the current conversion price for 10 consecutive trading days [2][10]. Group 1: Convertible Bond Details - The initial conversion price for the convertible bonds was set at 84.81 yuan per share, which was adjusted to 60.33 yuan on May 12, 2023, and further adjusted to 60.03 yuan on June 7, 2023, and then to 59.51 yuan on June 29, 2023 [3][4][6]. - The total issuance of the convertible bonds amounted to 483.3 million bonds, with a total value of 48.33 million yuan, and the bonds have a maturity period from July 18, 2022, to July 17, 2028 [3][5]. Group 2: Price Adjustment Conditions - The company may adjust the conversion price if the stock price remains below 30.31 yuan for 10 consecutive trading days, which is 85% of the current conversion price [2][10]. - The adjustment process requires the board of directors to propose a price adjustment plan, which must be approved by at least two-thirds of the voting rights at a shareholders' meeting [8][9]. Group 3: Future Price Adjustments - Future adjustments to the conversion price are scheduled, with the next adjustment set for November 27, 2023, when the price will be adjusted to 58.51 yuan per share [6]. - The conversion price will further adjust to 36.29 yuan on May 8, 2024, and to 36.04 yuan on June 19, 2024, following the completion of specific stock incentive plans [7].

Core Viewpoint - Jiangsu Dongfang Shenghong Co., Ltd. is expected to trigger the condition for a downward adjustment of the conversion price of its convertible bonds, "Shenghong Convertible Bonds," due to the stock price being below 80% of the current conversion price for a significant number of trading days [1][5][6]. Group 1: Convertible Bond Issuance Overview - The company issued 50 million convertible bonds with a total amount of 500 million yuan, with a maturity of 6 years, starting from March 22, 2021 [2]. - The bonds are listed on the Shenzhen Stock Exchange under the name "Shenghong Convertible Bonds" and code "127030" [2]. Group 2: Downward Adjustment Conditions - The conversion price can be adjusted downward if the company's stock price is below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [3][5]. - The current conversion price is set at 13.21 yuan per share, meaning the threshold for adjustment is 10.568 yuan per share [4][6]. Group 3: Expected Trigger of Adjustment - From April 14 to April 24, 2025, the company's stock has recorded 9 trading days where the closing price was below the threshold of 10.568 yuan, indicating that the condition for a downward adjustment is likely to be met [1][6]. Group 4: Procedures for Adjustment - If the adjustment condition is triggered, the company will follow the procedures outlined in the prospectus, including disclosing the decision and the new conversion price [6]. - The adjusted conversion price must not be lower than the higher of the average stock price over the previous 20 trading days or the last audited net asset value per share [5]. Group 5: Additional Information - Investors seeking more information about the "Shenghong Convertible Bonds" can refer to the full prospectus published on March 18, 2021, or contact the company's board secretary [7].

Core Points - The company has decided not to exercise the downward adjustment of the conversion price for its convertible bonds, despite triggering the adjustment clause due to stock prices falling below 85% of the current conversion price for 15 out of 30 trading days [1][3] - The company will not propose a downward adjustment plan for the next three months, from April 19, 2025, to July 18, 2025, even if the adjustment clause is triggered again [1][3] - After July 19, 2025, if the adjustment clause is triggered again, the board will hold another meeting to decide whether to exercise the downward adjustment right [1][3] Convertible Bonds Overview - The company issued 4 million convertible bonds on July 20, 2020, with a total amount of 400 million RMB and a maturity of six years [1][2] - The initial conversion price was set at 21.32 RMB per share, which has been adjusted to 21.12 RMB and then to 21.10 RMB due to annual profit distributions [2] Stock Price Performance - The company's stock price has been affected by macroeconomic factors and market adjustments, leading to fluctuations that do not fully reflect its long-term intrinsic value [3] - The stock price fell below the adjustment threshold of 17.935 RMB per share, triggering the conversion price adjustment clause [3]

Core Viewpoint - Zhejiang Huahai Pharmaceutical Co., Ltd. announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price falling below 80% of the current conversion price for 10 out of 30 trading days [2][7]. Group 1: Convertible Bond Overview - The company issued 18.426 million convertible bonds on November 2, 2020, with a total amount of 1.8426 billion yuan [3]. - The bonds are listed on the Shanghai Stock Exchange under the name "Huahai Convertible Bonds" with the code 110076, and have a maturity period of six years [3]. Group 2: Downward Adjustment Terms - The board has the authority to propose a downward adjustment of the conversion price if the stock price is below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [4]. - The adjusted conversion price must not be lower than the average trading price of the stock over the 20 trading days prior to the shareholders' meeting and must also meet certain asset value criteria [4]. Group 3: Adjustment Procedure - If the conversion price is to be adjusted, the company must publish a resolution announcement detailing the adjustment, record date, and suspension of conversion period [5]. - The adjusted conversion price will take effect on the first trading day following the record date [6]. Group 4: Trigger Conditions - From April 4 to April 18, 2025, the company's stock closed below the current conversion price of 33.21 yuan for 10 trading days, indicating a potential trigger for the downward adjustment [7]. - The company is required to disclose its decision regarding the adjustment on the trading day following the board meeting [7].

Core Viewpoint - The company, Tianjin Green Landscape Ecological Construction Co., Ltd., has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price being below a certain threshold for a specified period [2][7]. Group 1: Convertible Bond Basic Information - The convertible bond, known as "Green Landscape Convertible Bond," was issued on April 30, 2021, with a total of 7.12 million bonds, raising 712 million yuan [3]. - The initial conversion price was set at 12.38 yuan per share, which has been adjusted to 12.04 yuan as of May 31, 2023, and further to 11.79 yuan as of May 31, 2024 [5]. - The current conversion price is 11.76 yuan per share, effective from June 12, 2024 [5]. Group 2: Conditions for Downward Adjustment - From April 14 to April 18, 2025, the company's stock price has closed below 85% of the current conversion price for five consecutive trading days, indicating a potential trigger for a downward adjustment [2][7]. - If the stock price continues to remain below this threshold, the company may proceed with the adjustment process as outlined in the bond issuance terms [6][7]. Group 3: Adjustment Procedures - The company has the authority to propose a downward adjustment of the conversion price if the stock price conditions are met, requiring approval from shareholders [6]. - Any adjustments will be publicly announced, detailing the adjustment range, record date, and any suspension of conversion [6].