Meeting Overview - The sixth supervisory board's thirteenth meeting was held on August 21, 2025, in a designated meeting room, with all supervisors present and the company secretary in attendance [1]. Meeting Resolutions - The supervisory board approved the company's 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's financial status and operational results for the first half of 2025, with no false records or misleading statements [1]. - The voting results for the approval of the semi-annual report were unanimous, with 3 votes in favor, 0 against, and 0 abstentions [1]. Fund Management - The company confirmed compliance with regulations regarding the management of raised funds, ensuring that there were no violations in the use of these funds [2]. - The decision to postpone certain fundraising projects was made based on objective circumstances, and it will not adversely affect the company's operations or the implementation of fundraising projects [2]. - The postponement aligns with the company's strategic development plan and is expected to enhance the efficiency of fund utilization, with unanimous approval from the supervisory board [2].

Meeting Details - The meeting was held on August 14, 2025, in the company's conference room, combining in-person and remote voting methods [1] - All directors, supervisors, and senior management were notified and attended the meeting [1] Resolutions Passed - The board decided not to exercise the downward adjustment of the conversion price for the "Changhong Convertible Bonds" and will not propose any downward adjustment for the next three months (from August 15, 2025, to November 14, 2025) [1] - If the downward adjustment clause is triggered again after this period, the board will convene another meeting to decide on the exercise of the adjustment rights [1] Voting Results - The voting results showed 7 votes in favor, 0 against, and 0 abstentions [2]

Core Viewpoint - The article highlights the overdue status of commercial acceptance bills issued by the company, indicating potential liquidity issues and financial management concerns [1]. Group 1 - As of July 31, 2025, the total overdue balance of commercial acceptance bills amounts to 18.58 million yuan, with 1.80 million yuan already paid [1]. - The remaining unpaid overdue commercial acceptance bills total 16.78 million yuan [1]. Group 2 - The article provides a brief overview of various convertible bonds, including their redemption status and adjustments, indicating market activity and investor interest [2]. - Specific convertible bonds mentioned include Tian23, Huamao, Yaoshi, and others, with varying statuses on redemption and adjustments [2].

Core Viewpoint - Changhong Technology (300151) announced that its board of directors decided not to exercise the downward adjustment rights for the conversion price of "Changhong Convertible Bonds" and will not propose any downward adjustment plans for the next three months from August 15, 2025, to November 14, 2025 [1] Summary by Relevant Sections - Company Decision - The board of directors approved the decision not to exercise the downward adjustment rights for the conversion price of "Changhong Convertible Bonds" [1] - If the downward adjustment clause is triggered again in the future, the board will hold another meeting to decide whether to exercise the downward adjustment rights [1]

证券日报网讯 8月14日晚间，昌红科技发布公告称，公司第六届董事会第十六次会议审议并通过了《关 于不向下修正"昌红转债"转股价格的议案》。 （文章来源：证券日报） ...

Core Viewpoint - Changhong Technology announced that its stock price has been below 85% of the current conversion price for 10 trading days, which may trigger a downward adjustment of the conversion price for its convertible bonds [1] Summary by Relevant Sections - **Stock Performance** - From July 25, 2025, to August 7, 2025, the company's stock closing price has been below 22.71 yuan per share, which is 85% of the current conversion price [1] - **Convertible Bonds** - The potential trigger for the adjustment of the conversion price of "Changhong Convertible Bonds" is based on the stock performance [1] - The company will convene a board meeting on the day the trigger condition is met to decide whether to adjust the conversion price and will fulfill its information disclosure obligations promptly [1]

Group 1 - The company announced the repurchase of its convertible bonds, allowing holders to sell back their bonds during a specified period at a price of RMB 100.432 per bond, including interest and tax [1][2] - The repurchase period was from June 3, 2025, to June 9, 2025, and the total valid repurchase amount was 48 bonds, totaling RMB 4,820.73, including interest and tax [2][3] - The repurchase will not significantly impact the company's financial status, capital structure, operating results, or cash flow, and will not harm its debt servicing ability or ongoing operations [3] Group 2 - Unredeemed convertible bonds will continue to be traded on the Shenzhen Stock Exchange [3]

Summary of Key Points Core Viewpoint - The company announces the conditional redemption of its convertible bonds, "Changhong Convertible Bonds," due to the stock price falling below a specified threshold, allowing bondholders to sell their bonds back to the company at a predetermined price [1][4]. Group 1: Redemption Conditions - The redemption condition is triggered when the company's stock price remains below 70% of the conversion price (CNY 26.79) for 30 consecutive trading days, which equates to a price of CNY 18.75 per share [1][2]. - The redemption applies to the last two interest payment years of the convertible bonds, allowing bondholders to redeem their bonds at face value plus accrued interest [1][2]. Group 2: Redemption Price and Tax Implications - The redemption price for the "Changhong Convertible Bonds" is calculated to be CNY 100.432 per bond, which includes interest and tax [3]. - Individual investors will have a net redemption amount of CNY 100.346 per bond after a 20% tax deduction on interest, while qualified foreign institutional investors (QFII and RQFII) are exempt from this tax [3]. Group 3: Redemption Process - The redemption period is set from June 3, 2025, to June 9, 2025, during which bondholders can submit their redemption requests through the Shenzhen Stock Exchange [4][5]. - The company will provide daily announcements regarding the redemption process and will handle the settlement through the China Securities Depository and Clearing Corporation [4][5].

Core Viewpoint - The company, Changhong Technology, has announced adjustments to the conversion price of its convertible bonds, reflecting changes due to stock dividends and cash distributions [1][4]. Group 1: Convertible Bond Issuance - Changhong Technology issued 4.6 million convertible bonds on April 1, 2021, approved by the China Securities Regulatory Commission [1]. - The initial conversion price was set at 28.26 CNY per share [2]. Group 2: Conversion Price Adjustments - The conversion price has undergone several adjustments: - On June 2, 2021, it was adjusted from 28.26 CNY to 28.06 CNY due to the 2020 annual equity distribution [2]. - On May 17, 2022, it was further adjusted to 27.88 CNY [2]. - On May 26, 2023, the price was adjusted to 27.68 CNY [2]. - On September 14, 2023, it was adjusted to 26.90 CNY [3]. - The latest adjustment on May 29, 2024, set the price to 26.85 CNY [3]. - The conversion price will be adjusted to 26.72 CNY effective May 29, 2025, due to a cash dividend distribution of 0.75 CNY per 10 shares [4]. Group 3: Dividend Distribution - The company will distribute a cash dividend of 0.75 CNY for every 10 shares based on a total share capital of 532,508,697 shares [4].

Group 1 - The company announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.75 RMB per 10 shares for all shareholders, with different tax treatments for various categories of investors [1][2] - The record date for the distribution is set for May 28, 2025, and the ex-dividend date is May 29, 2025 [2] - The distribution will be directly credited to the shareholders' accounts through their custodial securities companies on the ex-dividend date [2] Group 2 - In the event of changes in the total share capital before the implementation of the profit distribution plan, the total distribution amount will be adjusted while maintaining the distribution ratio [2] - The company will adjust the conversion price of its convertible bonds (Changhong Convertible Bonds; bond code: 123109) in accordance with the profit distribution, as per relevant regulations [3] - The company has provided contact information for inquiries regarding the announcement, including a phone number and address for its securities department [3]