本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 截至2025年12月9日，灵康药业集团股份有限公司（以下简称"灵康药业"或"本公司"）股价已出现连 续三十个交易日中至少有十五个交易日的收盘价低于当期转股价格的85%之情形，已触发"灵康转债"的 转股价格向下修正条款。 证券代码：603669 证券简称：灵康药业 公告编号：2025-077 证券代码：113610 证券简称：灵康转债 4、因触发"灵康转债"转股价格修正条款，自2025年8月1日起，转股价格由8.00元/股修正为6.50元/股， 具体内容详见《关于向下修正"灵康转债"转股价格暨转股停复牌的公告》（公告编号：2025-054）。 二、关于不向下修正转股价格的具体内容 ● 经公司第五届董事会第四次会议审议通过，公司董事会决议本次不行使"灵康转债"的转股价格向下修 正的权利，且在未来1个月内（2025年12月10日至2026年1月9日），如再次触及可转债转股价格向下修 正条款，亦不提出向下修正方案，从2026年1月12日开始重新起算，若再次触发" ...

Core Viewpoint - The company, Zibo Qixiang Tengda Chemical Co., Ltd., has announced the potential for a downward adjustment of the conversion price for its convertible bonds due to recent stock price performance, which may trigger the conditions for such a revision [2][11]. Group 1: Convertible Bond Issuance and Terms - The company issued 29.9 million convertible bonds with a total value of 299 million yuan, approved by the China Securities Regulatory Commission on August 20, 2020 [3]. - The bonds were listed on the Shenzhen Stock Exchange on September 15, 2020, under the name "Qixiang Zhuang 2" and code "128128" [4]. - The initial conversion price was set at 8.22 yuan per share, which has been adjusted multiple times due to various corporate actions [5][6][8]. Group 2: Conversion Price Adjustment Mechanism - According to the prospectus, the conversion price can be adjusted downward if the company's stock price closes below 90% of the current conversion price for at least ten out of twenty consecutive trading days [9]. - The adjustment requires approval from two-thirds of the voting rights at a shareholders' meeting, excluding those holding the convertible bonds [9]. - The adjusted conversion price must not be lower than the higher of the average stock price over the twenty trading days prior to the shareholders' meeting and the latest audited net asset value per share [9]. Group 3: Recent Stock Performance and Potential Adjustment - From November 27 to December 9, 2025, the company's stock has recorded five trading days where the closing price was below 90% of the current conversion price, indicating a potential trigger for a downward adjustment [11]. - If the conditions for adjustment are met, the company will hold a board meeting to decide on the adjustment and will disclose the decision the following trading day [12].

Core Viewpoint - The company held its second extraordinary general meeting of shareholders in 2025, where it approved the downward adjustment of the conversion price for its convertible bonds and the profit distribution plan for the first three quarters of 2025 [2][4][36]. Group 1: Meeting Details - The extraordinary general meeting was held on November 20, 2025, at the company's office in Yantai, Shandong Province [2]. - The meeting was conducted with a combination of on-site and online voting, presided over by the chairman, Song Fei [2][3]. - All resolutions presented at the meeting were approved without any objections [5]. Group 2: Conversion Price Adjustment - The conversion price for the "Aidi Convertible Bonds" was adjusted from 23.58 CNY per share to 18.75 CNY per share [6][14]. - The adjustment was triggered as the company's stock price fell below 85% of the conversion price for at least 15 trading days within a 30-day period [10][36]. - The new conversion price will take effect on November 24, 2025, following a temporary suspension of conversion on November 21, 2025 [7][12]. Group 3: Share Buyback Plan - The company plans to repurchase its A-shares using its own funds, with a total amount between 100 million CNY and 200 million CNY [18][40]. - The repurchase is intended for converting the company's convertible bonds, with a maximum repurchase price set at 27 CNY per share [18][41]. - The buyback period is set for 12 months from the board's approval date, and the company will not repurchase shares during certain restricted periods [25][41].

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 price performance [3][20]. Group 1: Board Meeting Details - The 22nd meeting of the 10th Board of Directors was held on November 14, 2025, with all 9 directors present [2]. - The meeting was convened in accordance with the relevant provisions of the Company Law and the company's articles of association [2]. Group 2: Resolution on Convertible Bonds - The board approved the resolution not to adjust the conversion price of the "Zhongte Convertible Bonds" [3][20]. - The stock price has been below 80% of the conversion price for 15 trading days, triggering the adjustment clause [11][20]. - The board's decision is based on the belief in the company's long-term value and aims to protect the interests of all investors [3][20]. Group 3: Future Considerations - The company will not propose a downward adjustment for the next three months (from November 17, 2025, to February 13, 2026) even if the adjustment conditions are met again [20]. - A new assessment period for potential adjustments will begin on February 24, 2026 [20].

Core Viewpoint - The company, Shanghai Zhengfan Technology Co., Ltd., has announced the potential for a downward adjustment of the conversion price for its convertible bonds due to the stock price falling below a specified threshold [2][8]. Group 1: Convertible Bond Details - The initial conversion price for the convertible bonds was set at 38.85 CNY per share, which was adjusted to 38.54 CNY on June 27, 2025, and further adjusted to 38.52 CNY on September 18, 2025 [3][4]. - The convertible bonds were issued on March 18, 2025, with a total issuance of 10,410,950 bonds, amounting to 1,041,095,000 CNY [2][3]. Group 2: Price Adjustment Conditions - The conversion price may be adjusted downward if the company's stock price closes below 85% of the current conversion price (32.74 CNY) for at least 15 out of 30 consecutive trading days [2][8]. - If the conditions are met, the board of directors will convene to decide on the adjustment and will disclose the decision promptly [8]. Group 3: Regulatory Compliance - The company is adhering to the regulations set forth by the Shanghai Stock Exchange regarding the management of convertible bonds and their conversion price adjustments [6][7]. - The company will publish announcements regarding any adjustments, including the extent of the adjustment and the relevant dates for shareholders [7].

Core Points - Guanglian Aviation announced that from October 28, 2025, to November 10, 2025, its stock closing price has been below 85% of the current conversion price for ten trading days [2] - This situation may trigger the downward adjustment condition for the "Guanglian Convertible Bonds" conversion price, as per the relevant provisions in the offering document [2] - The company will follow legal regulations and the offering document to fulfill review procedures and information disclosure obligations if the conversion price adjustment condition is triggered [2]

Core Viewpoint - The company has decided to lower the conversion price of its convertible bonds, "蓝帆转债," to 10.00 CNY per share, effective from November 10, 2025, following the approval from the board and shareholders [2][18]. Group 1: Board Meeting and Decision - The sixth board meeting of the company was held on November 7, 2025, where the proposal to adjust the conversion price was discussed and approved [1][2]. - The average trading price of the company's stock was 5.58 CNY per share over the twenty trading days prior to the shareholder meeting, and 5.52 CNY on the last trading day before the meeting [2][18]. - The board's decision to lower the conversion price was based on the company's future development prospects and stock price trends [2][18]. Group 2: Convertible Bond Details - The company issued 31.44 million convertible bonds in May 2020, with a total value of 314.404 million CNY [8][9]. - The previous conversion price was set at 10.50 CNY per share before the recent adjustment [8]. - The conversion period for the bonds is from December 3, 2020, to May 27, 2026 [10]. Group 3: Shareholder Meeting and Voting - The fifth extraordinary general meeting of shareholders took place on November 7, 2025, where the proposal to adjust the conversion price was approved with a significant majority [21][31]. - The voting results showed that 96.15% of the attending shareholders supported the proposal [31]. - The company ensured that the voting process respected the interests of minority investors by counting their votes separately [22].

Group 1 - The company held its 27th meeting of the 6th Board of Directors on November 7, 2025, with all 5 directors present, meeting the legal requirements for the meeting [2][3] - The Board unanimously approved the proposal not to lower the conversion price of the "Honglu Convertible Bonds" [3][7] - The decision will take effect from the next trading day after the meeting, November 10, 2025, and if the conversion price adjustment clause is triggered again, the Board will convene to decide on the matter [7][17] Group 2 - The company issued 18.80 billion RMB worth of convertible bonds on October 9, 2020, with a maturity of six years [8] - The initial conversion price was set at 43.74 RMB per share, which has been adjusted multiple times, with the latest adjustment bringing it to 32.08 RMB per share as of June 14, 2025 [11][14] - The conversion period for the bonds is from April 15, 2021, to October 8, 2026 [10][13]

Group 1 - The company will hold its second extraordinary general meeting of shareholders on November 20, 2025, to discuss an additional temporary proposal [2][4] - The proposal to be discussed is to lower the conversion price of the "Aidi Convertible Bonds" and requires approval from more than two-thirds of the voting rights at the meeting [3][27] - The proposal was submitted by Yantai Xiangyu Investment Co., Ltd., which holds 17.66% of the company's shares [2][3] Group 2 - The company has triggered the downward adjustment clause for the conversion price of the "Aidi Convertible Bonds" as the stock price has been below 85% of the current conversion price for at least 15 trading days within any 30 consecutive trading days [17][26] - The current conversion price is 23.58 yuan per share, and the adjusted price must not be lower than the higher of the average stock price over the last 20 trading days prior to the meeting and the previous trading day's average [27][25] - The company aims to support long-term stable development and optimize its capital structure through this adjustment [27]

Core Points - The company has issued a notice regarding the potential adjustment of the conversion price of its convertible bonds, "Giant Star Convertible Bonds," if certain stock price conditions are met [2][6][8] Group 1: Convertible Bond Issuance - The company issued convertible bonds with a total face value of 1 billion yuan, consisting of 10 million bonds at a face value of 100 yuan each, with a maturity of 6 years and a tiered interest rate structure [2][3] - The bonds were approved by the China Securities Regulatory Commission and began trading on May 17, 2022, under the 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 on August 8, 2023, following a profit distribution plan approved at the annual shareholders' meeting [4] - A further adjustment to the conversion price to 25.04 yuan per share is scheduled to take effect on June 17, 2025, based on the company's profit distribution plan for 2024 [5] Group 3: Trigger Conditions for Price Adjustment - The conversion price can be adjusted downwards if the company's stock price falls below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [6][8] - As of October 27, 2025, the stock price has been below 20.032 yuan (80% of 25.04 yuan) for 10 trading days, indicating a potential trigger for the price adjustment if the trend continues [7][8]