证券日报网讯 11月5日晚间，嘉益股份发布公告称，截至2025年11月5日，公司股票已出现连续三十个 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%的情形，已触发"嘉益转债"（债券代 码：123250）转股价格向下修正条款。公司于2025年11月5日召开第三届董事会第十九次会议，审议通 过了《关于不向下修正"嘉益转债"转股价格的议案》，公司董事会决定本次不向下修正"嘉益转债"的转 股价格。自2026年5月6日起首个交易日重新开始计算，若再次触发"嘉益转债"的转股价格向下修正条 款，届时公司董事会将再次召开会议决定是否行使"嘉益转债"的转股价格向下修正权利。 （文章来源：证券日报） ...

Core Viewpoint - The company, Zhejiang Jiayi Insulation Technology Co., Ltd., has announced that its stock price has been below 85% of the current conversion price of its convertible bonds for 10 consecutive trading days, indicating a potential trigger for the downward adjustment clause in the bond issuance prospectus [1] Group 1 - The stock price of the company has been below the conversion price of the "Jiayi Convertible Bonds" for 10 trading days from October 16 to October 29, 2025 [1] - There is a possibility of triggering the downward adjustment clause as stipulated in the bond issuance prospectus, which states that if the stock price is below 85% of the conversion price for at least 15 out of any 30 consecutive trading days, the conversion price may be adjusted [1] - If the downward adjustment clause is triggered, the company's board of directors has the authority to propose a downward adjustment plan for the conversion price, which will then be submitted for shareholder approval [1]

Core Viewpoint - Zhejiang Jiayi Thermal Insulation Technology Co., Ltd. has announced an adjustment to the upper limit of the share repurchase price due to the implementation of the 2025 semi-annual profit distribution plan [1][4]. Group 1: Share Repurchase Plan Overview - On April 15, 2025, the company approved a share repurchase plan with a budget of 80 million to 160 million yuan, with an initial upper price limit of 139.86 yuan per share [2]. - Following the 2024 annual equity distribution, the upper limit for the repurchase price was adjusted to 97.76 yuan per share [2]. Group 2: Adjustment Reasons and Process - The company held meetings on August 28 and September 15, 2025, to approve the semi-annual profit distribution plan, which included a cash dividend of 10 yuan per 10 shares, totaling 144,360,858 yuan [3]. - The total share capital increased by 81 shares due to the conversion of "Jiayi Convertible Bonds" during the distribution period, and the repurchased shares did not participate in this distribution [3]. Group 3: Price Adjustment Details - The new upper limit for the repurchase price was set at 96.77 yuan per share, effective from October 20, 2025, calculated by subtracting the cash dividend per share from the previous limit [4]. - The estimated number of shares to be repurchased is between 826,703 and 1,653,404 shares, representing approximately 0.57% to 1.14% of the total share capital [4]. Group 4: Other Matters - Other aspects of the share repurchase plan remain unchanged, and the company will continue to implement the repurchase plan based on market conditions while fulfilling its information disclosure obligations [5].

Group 1 - The China Securities Convertible Bond Index opened up by 0.02% [1] - Huafeng Convertible Bond rose over 4%, while Saili Convertible Bond increased by over 2% [1] - Other notable increases include Keshun Convertible Bond, Jincheng Convertible Bond, Ruida Convertible Bond, and Jiayi Convertible Bond, each rising over 1% [1] Group 2 - Yingji Convertible Bond fell by over 2%, with Zai22 Convertible Bond and Beilu Convertible Bond also declining by over 1% [1]

Group 1 - The core point of the announcement is the update on the conversion of the company's convertible bonds and the changes in total share capital [1][2][3] - The company issued 3,979,384 convertible bonds with a total value of 39,793.84 million RMB, with a maturity of 6 years from the issuance date [1][2] - The initial conversion price of the bonds was adjusted from 116.05 RMB/share to 80.75 RMB/share due to a dividend distribution [3][4] Group 2 - As of the end of the second quarter of 2025, there were 3,955,283 convertible bonds remaining, with a total face value of 395,528,300 RMB [3][4] - The total share capital increased to 145,446,857 shares, with changes attributed to the implementation of the 2024 annual equity distribution and the lifting of restrictions on stock options [4] - The company’s shareholding structure includes various categories such as restricted shares, executive locked shares, and incentive restricted shares, with specific numbers and percentages detailed in the announcement [4]