Group 1 - The core decision of the board meeting was to not adjust the conversion price of the "Qiaqia Convertible Bonds" downwards despite the stock price being below 85% of the conversion price for fifteen trading days [3][15]. - The board meeting was held on February 25, 2026, with all seven directors present, meeting the legal requirements for a quorum [2]. - The conversion price of the "Qiaqia Convertible Bonds" is set at RMB 55.93 per share, with the conversion period from April 26, 2021, to October 19, 2026 [7][8]. Group 2 - The company issued 13.40 billion RMB worth of convertible bonds, with a total of 13.4 million bonds at a face value of 100 RMB each, approved by the China Securities Regulatory Commission [7]. - The conversion price has undergone seven adjustments since its initial price of 60.83 RMB per share, with the latest adjustment bringing it to 55.93 RMB per share [9][11]. - The company has triggered the downward adjustment clause for the conversion price but has decided against making any adjustments for the next six months [14][15].

Group 1 - The company held its 39th meeting of the sixth board of directors on February 24, 2026, via electronic communication, with all 8 directors participating [2][3] - The board proposed to lower the conversion price of the "Blue Sail Convertible Bond" due to the stock price being below 85% of the conversion price for at least 15 out of the last 30 trading days, which triggers the adjustment condition [3][30] - The proposed adjustment will be submitted to the shareholders' meeting for approval, and the new 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 last trading day's price, nor lower than the latest audited net asset value per share and the par value [3][30] Group 2 - The company plans to hold the second extraordinary shareholders' meeting of 2026 on March 16, 2026, to discuss the proposed adjustment of the conversion price [7][8] - The meeting will be conducted both in-person and via online voting, with specific time slots for voting provided [36][46] - Shareholders holding the convertible bonds must abstain from voting on the proposal to adjust the conversion price [43]

Core Viewpoint - The company announced that the "Tong 22 Convertible Bond" is expected to meet the conditions for a price adjustment, which may affect its conversion price in the future [1] Group 1: Issuance Overview - The company issued 120 million convertible bonds on February 24, 2022, with a total value of 12 billion yuan and a maturity of 6 years [2] - The initial conversion price was set at 39.27 yuan per share, which has been adjusted to 34.60 yuan per share due to annual profit distributions [2] Group 2: Price Adjustment Terms - The conversion price can be adjusted downwards if the company's stock price closes below 85% of the current conversion price for 15 out of 30 consecutive trading days [3] - The adjusted conversion price must not be lower than the average trading price of the company's stock over the 20 trading days prior to the shareholders' meeting [3] Group 3: Expected Trigger Situations - The company decided not to adjust the conversion price during specific periods, including from November 8, 2023, to May 7, 2024, and subsequent periods [5][6][7] - As of February 1, 2026, the company's stock has had 10 trading days with closing prices below 29.41 yuan, which could trigger the price adjustment if conditions are met [8]

Group 1 - The core point of the news is the recent changes in shareholder equity and convertible bond matters for Fangyuan Co., Ltd. [1] - As of February 10, 2026, major shareholder Betterray New Materials Group Co., Ltd. reduced its holdings by 5,800 shares, decreasing its ownership from 5.0011% to 5.0000%, effectively becoming a non-major shareholder [1] - The company announced on February 9, 2026, that Fangyuan convertible bonds may trigger conditions for a downward adjustment of the conversion price, which will be reviewed by the board if conditions are met [1] Group 2 - Fangyuan Co., Ltd. stock price has shown volatility recently, closing at 8.49 yuan on February 12, 2026, down 0.70% with a trading volume of 81.0369 million yuan [2] - On February 11, 2026, the stock price was 8.55 yuan, reflecting an increase of 0.83% [2] - On February 12, 2026, there was a net outflow of 9.092 million yuan in main funds, accounting for 11.22% of the total trading volume, while on February 11, 2026, there was a net inflow of 6.1439 million yuan [2] - The financing balance has decreased continuously, with a reduction of 0.06 billion yuan over the past five days, representing a decline of 3.59% [2] Group 3 - In the third quarter of 2025, the company reported an improvement in performance with a quarterly revenue of 590 million yuan, a year-on-year increase of 57.3% [3] - The net profit attributable to the parent company was 28.0594 million yuan, marking a turnaround from losses [3] - However, the company is expected to incur an annual loss for 2025, with a projected net loss attributable to the parent company ranging from 120 million yuan to 80 million yuan, primarily due to production line upgrades and high costs in the first half of the year [3] - The third-quarter report for 2025 indicated a debt ratio of 84.32% and a gross profit margin of 3.05% [3]

Core Viewpoint - Jiangshan Oupai Door Industry Co., Ltd. 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 [2][11]. Group 1: Convertible Bond Issuance Overview - The company issued 5.83 billion RMB worth of convertible bonds on June 11, 2021, with a maturity of six years and a face value of 100 RMB per bond [3]. - The initial conversion price was set at 97.55 RMB per share, which has been adjusted multiple times due to equity distribution plans [3][4][5][6]. Group 2: Downward Adjustment Conditions and Trigger - The downward adjustment clause for the conversion price is triggered when the stock price is below 90% of the current conversion price for at least ten out of twenty consecutive trading days [7]. - From January 28 to February 10, 2026, the stock price met the criteria for a downward adjustment, falling below 17.86 RMB [9]. Group 3: Decision on Adjustment - On February 10, 2026, the board of directors held an emergency meeting and decided not to adjust the conversion price, citing confidence in the company's long-term value and market conditions [11]. - The board will reassess the situation after May 11, 2026, should the conditions for a downward adjustment be met again [11].

Group 1 - The company has triggered the price adjustment clause for the "Yifeng Convertible Bonds" as the stock price has been below 85% of the current conversion price for at least 15 out of the last 30 trading days from January 16 to February 5, 2026 [2][5] - The board of directors decided not to lower the conversion price of the "Yifeng Convertible Bonds" during the meeting held on February 5, 2026, and will not propose a downward adjustment even if the price triggers the clause again within the next three months [2][6] - The next period for triggering the price adjustment clause will be recalculated starting from May 6, 2026, and the board will decide on any future adjustments at that time [2][6] Group 2 - The "Yifeng Convertible Bonds" were issued on March 4, 2024, with a total of 17,974,320 bonds at a face value of 100 yuan each, amounting to a total of 1,797.432 million yuan [3] - The bonds have a six-year term with a tiered interest rate starting from 0.30% in the first year to 2.00% in the sixth year [3] - The initial conversion price was set at 39.85 yuan per share, which has been adjusted multiple times due to the company's equity distribution plans, with the latest adjustment bringing it down to 31.84 yuan per share [3][4]

Meeting Overview - The fifth meeting of the fifth board of directors of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. was held on February 5, 2026, via telecommunication, with all 9 directors present [2] - The meeting was convened by Chairman Yue Liangquan, who explained the urgent need for the meeting, and there were no objections from other directors regarding the urgency [2] Resolution Details - The board approved the proposal not to adjust the conversion price of the "Juxing Convertible Bonds" downwards, despite the stock price triggering the downward adjustment clause [3][8] - The company’s stock price had been below 80% of the current conversion price for at least 15 trading days within a consecutive 30-day period, triggering the adjustment clause [3][13] - The board decided that for the next three months (from February 6 to May 5, 2026), if the stock price triggers the downward adjustment clause again, no proposal for adjustment will be made [3][15] - After this three-month period, if the clause is triggered again, the board will convene to decide on the adjustment [3][15] Convertible Bond Information - The "Juxing Convertible Bonds" were issued on April 25, 2022, with a total face value of 1 billion yuan, at a price of 100 yuan per bond, with a maturity of 6 years and a tiered interest rate [9] - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the code "113648" [10] - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan on August 8, 2023, and further adjusted to 25.04 yuan on June 17, 2025 [11][12] Future Considerations - The board's decision not to adjust the conversion price reflects confidence in the company's future development and intrinsic value [3][15] - The conversion period for the "Juxing Convertible Bonds" is from October 31, 2022, to April 24, 2028 [15]

Core Viewpoint - The company is announcing a potential adjustment to the conversion price of its convertible bonds, "Jiangshan Convertible Bonds," due to the stock price falling below a specified threshold [2][9]. Group 1: Convertible Bond Issuance Overview - The company issued 5.83 billion RMB worth of convertible bonds on June 11, 2021, with a maturity period of six years [3]. - The initial conversion price was set at 97.55 RMB per share, which has been adjusted multiple times due to equity distribution plans [3][4][5][6]. Group 2: Conversion Price Adjustment Conditions - The current conversion price is 19.84 RMB per share, and it may be adjusted if the stock price remains below 90% of this price for a specified period [2][9]. - The adjustment condition states that if the stock price is below 17.86 RMB (90% of the current conversion price) for five trading days within a 15-day period, the conversion price may be revised [2][9]. Group 3: Adjustment Procedures - If the company decides to adjust the conversion price, it will announce the decision through designated media, including the extent of the adjustment and the record date for shareholders [8]. - The adjusted conversion price will 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 [8].

Group 1 - The company issued 7,000,000 convertible bonds with a total value of 70 million yuan, approved by the China Securities Regulatory Commission on March 8, 2023 [1] - The convertible bonds, named "建龙转债" (Jianlong Convertible Bonds), began trading on the Shanghai Stock Exchange on April 7, 2023, with an initial conversion price of 123.00 yuan per share [2] - The conversion price has been adjusted multiple times, currently standing at 71.71 yuan per share, following a series of corporate actions including annual profit distributions [2][3][4] Group 2 - The company has a downward adjustment clause for the conversion price, which can be triggered if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5] - There is a potential trigger for the downward adjustment clause, as the stock price has been below 60.95 yuan per share for 10 trading days from January 19 to January 30, 2026 [6]

Core Viewpoint - Zhejiang Liziyuan Food Co., Ltd. has decided not to adjust the conversion price of its convertible bonds, despite triggering the downward adjustment clause due to stock prices falling below 80% of the conversion price for fifteen consecutive trading days [2][9]. Group 1: Convertible Bond Issuance Overview - The company issued 6 million convertible bonds with a total value of 600 million yuan, with a maturity of six years and a tiered interest rate starting from 0.3% in the first year to 2.0% in the sixth year [3]. - The bonds were listed on the Shanghai Stock Exchange on July 13, 2023, with an initial conversion price set at 19.47 yuan per share, effective from December 28, 2023, to June 19, 2029 [3]. Group 2: Conversion Price Adjustment Terms - The downward adjustment clause allows the company to propose a conversion price adjustment if the stock price is below 80% of the conversion price for at least fifteen trading days within any thirty-day period [7]. - If the company decides to adjust the conversion price, it must announce the adjustment details, including the adjustment range and the record date for shareholders [8]. Group 3: Decision on Price Adjustment - The board of directors, after considering various factors, including the company's fundamentals and market conditions, decided not to adjust the conversion price at the fourth board meeting held on January 30, 2026 [9]. - The company will not propose any downward adjustment for six months following the decision, and any future adjustments will be reconsidered after July 31, 2026 [2][9].