Meeting Overview - The 37th meeting of the 10th Board of Directors of Shanxi Meijin Energy Co., Ltd. was held on May 21, 2025, via communication, with all 9 directors participating, including 3 independent directors [1] - The meeting was chaired by Chairman Yao Jinlong, and it complied with relevant regulations of the Company Law and Securities Law of the People's Republic of China [1] Key Resolutions - As of May 21, 2025, the company's stock has triggered the downward adjustment clause for the conversion price of "Meijin Convertible Bonds" [1] - The Board of Directors decided not to exercise the right to adjust the conversion price downward for "Meijin Convertible Bonds" to protect the interests of all investors [2] - If the downward adjustment clause is triggered again after May 22, 2025, the Board will convene again to decide on the exercise of this right [2] Voting Results - The resolution was passed unanimously with 9 votes in favor, 0 against, and 0 abstentions [2]

Group 1 - The company announced that the convertible bonds will enter the delisting arrangement period starting from April 28, 2025, lasting for fifteen trading days, with the expected last trading date on May 21, 2025 [1] - The board of directors held a meeting on May 16, 2025, where all four attending directors voted in favor of the proposal to lower the conversion price of the convertible bonds to protect the interests of bondholders and optimize the company's capital structure [3][4] - The company will hold its third extraordinary general meeting of shareholders in 2025, with details to be announced later [4] Group 2 - The company emphasized that investors should be aware of the risks associated with trading during the delisting period, particularly for those using the Shenzhen Stock Connect [1][2] - The board meeting was conducted in compliance with relevant laws and regulations, ensuring its legality and effectiveness [3]

Group 1 - The company, Qingdao Gaoce Technology Co., Ltd., is making an investment in Jiangsu Runyang New Energy Technology Co., Ltd. by converting a debt of 100 million RMB into equity, resulting in a 1.0817% ownership stake post-conversion [2][4][10] - The investment is based on a long-term cooperative relationship with Runyang and aims to facilitate settlement and improve financial structure [4][24] - The total valuation of Runyang prior to the debt-to-equity conversion is set at 8 billion RMB, with an increase in registered capital from 450 million RMB to approximately 520 million RMB post-investment [10][12] Group 2 - The investment agreement includes provisions for compensation or buyback in case the investment does not yield expected returns, ensuring protection for the company's interests [16][18] - The company has received board approval for the transaction, which does not constitute a major asset restructuring as per regulatory definitions [5][24] - The investment is expected to mitigate customer debt issues and enhance collaboration with clients, thereby reducing bad debt risks [24]

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 fluctuations [1][4]. Group 1: Convertible Bond Details - The company issued 7.12 million convertible bonds with a face value of 100 RMB each, raising a total of 712 million RMB, which began trading on May 28, 2021 [1]. - The initial conversion price was set at 12.38 RMB per share, effective from November 11, 2021 [2]. - The conversion price was adjusted to 11.76 RMB per share on June 12, 2024, due to share repurchase and capital reduction [2]. Group 2: Price Adjustment Clause - The downward adjustment clause is triggered when the stock price closes below 85% of the conversion price for at least 10 out of 20 consecutive trading days [3]. - The stock price fell below 9.996 RMB (85% of the conversion price) during the period from April 28, 2025, to May 14, 2025, triggering the clause [3]. Group 3: Board Decision - The board of directors held a meeting on May 14, 2025, and decided not to proceed with the downward adjustment of the conversion price, considering the company's long-term value and market conditions [4][5]. - The board emphasized the importance of maintaining investor interests and expectations in light of recent stock price volatility [4].

Core Viewpoint - The company has decided to lower the conversion price of its convertible bonds, "Wind Language Convertible Bonds," from 15.03 yuan per share to 12.02 yuan per share to ensure sustainable development and optimize its capital structure while protecting investor rights [2][22]. Group 1: Board Meeting and Resolutions - The fourth board meeting of the company was held on May 7, 2025, with all seven directors participating, and the resolutions made during the meeting were deemed legal and effective [1][3]. - The board approved the proposal to lower the conversion price of "Wind Language Convertible Bonds" [2][22]. - The voting results for the proposal showed unanimous support with 7 votes in favor and no opposition [3]. Group 2: Shareholder Meeting - The annual shareholder meeting took place on May 7, 2025, at the company's meeting room in Shanghai [6]. - All proposed resolutions at the shareholder meeting were passed, including the proposal to lower the conversion price of the bonds, which required a two-thirds majority [9][21]. - The meeting was conducted in compliance with the Company Law and the company's articles of association [7][10]. Group 3: Convertible Bond Details - The initial conversion price of the "Wind Language Convertible Bonds" was set at 22.15 yuan per share, later adjusted to 15.03 yuan per share due to annual profit distribution [15][16][22]. - The new conversion price of 12.02 yuan per share will take effect on May 9, 2025, following a temporary suspension of conversion on May 8, 2025 [18][22]. - The adjustment was triggered as the company's stock price fell below 80% of the previous conversion price for at least 15 trading days within a 30-day period [21].

Core Viewpoint - Zhejiang Dongya Pharmaceutical Co., Ltd. has decided not to lower the conversion price of its convertible bonds, despite meeting the conditions for such a revision due to stock price performance [2][10]. Group 1: Convertible Bond Issuance and Terms - The company issued 6,900,000 convertible bonds on July 6, 2023, with a total fundraising amount of RMB 69 million, at a face value of RMB 100 each and a term of 6 years [3]. - The initial conversion price was set at RMB 24.95 per share, currently adjusted to RMB 20.28 per share [5][6]. - The conversion period for the bonds is from January 12, 2024, to July 5, 2029 [6]. Group 2: Conditions for Price Adjustment - The company’s stock price has been below 90% of the current conversion price (RMB 18.25) for 15 out of the last 30 trading days, meeting the conditions for a potential downward adjustment of the conversion price [2][9]. - The board has the authority to propose a downward adjustment, which requires a two-thirds majority approval from shareholders at a general meeting [7]. Group 3: Decision on Price Adjustment - The board of directors held a meeting on April 25, 2025, and decided not to lower the conversion price, maintaining this decision for a period of 6 months [10]. - If the conditions for a downward adjustment are met again after this period, the board will reconvene to consider the adjustment [10].

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds, "Fengyu Convertible Bonds," due to the stock price falling below 80% of the current conversion price for a significant number of trading days, aiming to protect investor interests and optimize its capital structure [2][8][11]. Group 1: Board Meeting and Proposal - The fourth board meeting of the company was held on April 23, 2025, where the proposal to lower the conversion price was approved unanimously by all participating directors [3][4]. - The proposal will be submitted to the shareholders' meeting for approval, requiring a two-thirds majority vote from the attending shareholders [19]. Group 2: Trigger Conditions for Price Adjustment - As of April 23, 2025, the company's stock price had been below 80% of the conversion price (12.02 CNY/share) for at least 15 out of the last 30 trading days, triggering the adjustment clause for the "Fengyu Convertible Bonds" [8][11]. - The initial conversion price was set at 22.15 CNY/share, adjusted to 15.26 CNY/share after the 2021 annual equity distribution, and further adjusted to 15.03 CNY/share after the 2023 annual equity distribution [9][10][14]. Group 3: Shareholder Meeting Details - The annual shareholders' meeting is scheduled for May 7, 2025, where the proposal for the conversion price adjustment will be discussed [18][21]. - The meeting will include provisions for online voting and will require shareholders holding "Fengyu Convertible Bonds" to abstain from voting on the proposal [22][24].

Group 1 - The company issued 4.05 million convertible bonds with a total fundraising amount of RMB 405 million, with a maturity of 6 years and a tiered interest rate structure [2][3] - The initial conversion price was set at RMB 46.69 per share, which has been adjusted multiple times due to annual profit distributions [3][4] - The latest conversion price is RMB 46.02 per share, with further adjustments planned for future profit distributions [4] Group 2 - The company has a downward adjustment clause for the conversion price, which can be triggered if the stock price falls below 90% of the current conversion price for at least 15 out of 30 consecutive trading days [5][6] - If the adjustment condition is met, the board will propose a new conversion price to be voted on by shareholders [7] - The expected trigger period for the conversion price adjustment is from April 9, 2025, to April 22, 2025, with a specific price threshold of RMB 41.418 per share [7]

Group 1 - The company Zhejiang Xinzhonggang Thermal Power Co., Ltd. has announced that its convertible bond "Xin Gang Convertible Bond" is expected to meet the conditions for a price adjustment [1][2] - The company issued 3,691,350 convertible bonds on March 8, 2023, with a total amount of 36.9135 million yuan and a maturity of 6 years [2] - The initial conversion price of the convertible bond was set at 9.18 yuan per share, which has been adjusted to 8.85 yuan per share due to dividend distributions [4][5] Group 2 - The convertible bond's price adjustment clause allows for a downward revision if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5][6] - The company has indicated that from April 7 to April 18, 2025, the stock price has already been below 7.52 yuan (85% of 8.85 yuan) for ten trading days, which may trigger the price adjustment clause [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 1、股票代码：002174 股票简称：游族网络 2、债券代码：128074 债券简称：游族转债 3、转股价格：人民币10.10元/股 4、转股时间：2020年3月27日至2025年9月23日 5、自2025年4月7日至2025年4月17日，公司股票已有连续9个交易日的收盘价持续低于当期转股价格 10.10元/股的90%，即9.09元/股的情形，预计后续可能触发转股价格修正条件。当公司股票在任意连续 30个交易日中至少有15个交易日的收盘价低于当期转股价格的90%时，公司董事会有权提出转股价格向 下修正方案并提交公司股东大会表决。敬请广大投资者注意投资风险。 一、可转债上市发行基本情况 （一）可转债发行情况 （四）可转债转股价格调整情况 1、根据公司2020年6月29日召开的2019年年度股东大会，公司实施的2019年度利润分配方案为：公司以 2019年度利润分配方案实施时股权登记日的股本907,288,945股（不含公司已回购股份8,522,393股） ...