Core Viewpoint - The company has announced a downward adjustment of the conversion price for its convertible bonds "欧22转债" from 118.48 CNY per share to 54.00 CNY per share, effective from August 26, 2025, due to the stock price falling below the stipulated threshold [4][9][10]. Group 1: Convertible Bond Issuance - The company issued 20 million convertible bonds with a total value of 2 billion CNY on August 5, 2022, with a maturity of six years and a tiered interest rate structure [3]. - The initial conversion price was set at 125.46 CNY per share, which has been adjusted to 118.48 CNY per share due to various corporate actions [3][4]. Group 2: Price Adjustment Mechanism - The adjustment of the conversion price is triggered when the stock price falls below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - The company’s board of directors proposed the price adjustment, which was approved by a special resolution at the shareholders' meeting held on August 22, 2025 [8][14]. Group 3: Decision-Making Process - The board meeting on August 6, 2025, approved the proposal to adjust the conversion price, which was subsequently ratified by the shareholders [8][14]. - The average stock price for the 20 trading days prior to the shareholders' meeting was 53.65 CNY per share, supporting the decision to adjust the conversion price to 54.00 CNY [9].

Core Viewpoint - The company has announced a downward adjustment of the conversion price for its convertible bonds, "欧 22 转债," which will take effect on August 26, 2025, following a period of suspension of conversion starting from August 25, 2025 [1][6]. Summary by Sections Convertible Bond Basic Information - The company issued 20 million convertible bonds on August 5, 2022, with a total value of RMB 2 billion and a maturity of six years [2][3]. - The initial conversion price was set at RMB 125.46 per share, which has been adjusted to RMB 118.48 per share due to various corporate actions [3]. Conversion Price Adjustment - The conversion price will be adjusted from RMB 118.48 per share to RMB 54.00 per share, effective from August 26, 2025 [4][6]. - The adjustment was triggered as the stock price was below 80% of the current conversion price for at least 15 trading days [5]. Decision-Making Process - The board of directors proposed the adjustment, which was approved with a unanimous vote of 7 in favor during the 27th meeting of the fourth board session [6]. - The adjustment complies with the terms outlined in the bond issuance prospectus and has been authorized by the company's shareholders [5][6].

Core Viewpoint - The company is holding its second extraordinary general meeting of shareholders in 2025 to discuss the proposal to lower the conversion price of the "EU 22 Convertible Bonds" due to the triggering conditions based on stock performance [5][10]. Meeting Details - The meeting is scheduled for August 22, 2025, at 14:30, located at the company's new headquarters in Guangzhou [4]. - The meeting will include a combination of on-site and online voting, with specific time slots for each voting method [2][3]. Voting Procedures - Shareholders must register to attend and can vote either in person or online during designated times [2][3]. - The voting will follow a non-cumulative voting system, where each share has one vote, and shareholders must select one option from "agree," "disagree," or "abstain" [3][8]. Proposal for Conversion Price Adjustment - The company proposes to lower the conversion price of the "EU 22 Convertible Bonds" due to the stock price being below 80% of the current conversion price for a specified period [10]. - The initial conversion price was set at 125.46 CNY per share, which has been adjusted to 118.48 CNY per share due to previous corporate actions [7][10]. Conditions for Price Adjustment - The adjustment requires approval from at least two-thirds of the voting rights present at the meeting, and shareholders holding the convertible bonds must abstain from voting [8][10]. - The new conversion price must not be lower than the higher of the average stock price over the last twenty trading days or the last trading day's price, and it must also meet the minimum net asset value per share [10][11].

Group 1 - The convertible bonds of Weicai and Ou22 increased by over 4% [1] - The convertible bond of Rundar rose by over 3% [1] - The convertible bonds of Hongwei and Youzu fell by over 2% [1] - The convertible bonds of Haoyuan and Wenkai declined by over 1% [1]

Group 1 - The company held an emergency board meeting on August 6, 2025, to discuss important matters, with all seven directors present [2][3] - The board proposed to lower the conversion price of the "EU22 Convertible Bond" to support long-term development and optimize the capital structure, which will be submitted for shareholder approval [3][34] - The board's proposal requires a two-thirds majority vote from shareholders present at the meeting for implementation [4][34] Group 2 - The second extraordinary general meeting of shareholders is scheduled for August 22, 2025, with both on-site and online voting options available [9][10] - The company aims to enhance participation from small and medium investors by providing reminder services for the meeting [9][12] - Shareholders holding "EU22 Convertible Bonds" must abstain from voting on the proposal to lower the conversion price [14][34] Group 3 - The "EU22 Convertible Bond" was issued on August 5, 2022, with a total amount of 2 billion yuan and a maturity of six years [29][30] - The current conversion price is 118.48 yuan per share, which may be adjusted if certain conditions are met, specifically if the stock price falls below 80% of the conversion price for at least 15 trading days within a 30-day period [29][33] - The board's proposal to adjust the conversion price is based on the company's current operational status and strategic planning [33][34]

Core Viewpoint - The article discusses the proposed adjustments to convertible bonds, highlighting the strong redemption and non-redemption statuses of various bonds, as well as shareholder reduction plans for specific companies [1][4]. Summary by Sections Convertible Bonds Overview - The article provides a detailed table of convertible bonds, including their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [2][6]. Strong Redemption and Non-Redemption - Specific convertible bonds such as "白电转债" and "游族转债" are noted for their strong redemption status, while "利扬转债" is mentioned as not being subject to strong redemption [4]. Shareholder Reduction Plans - Several companies are highlighted for their shareholder reduction plans, including: - 皓元医药: Shareholder 苏信基金 plans to reduce holdings by no more than 3% of the company's shares [4]. - 天能重工: Shareholder plans to reduce holdings by no more than 3% [4]. - 立高食品: Shareholders plan to reduce holdings by no more than 2.47% [4]. - 漱玉平民: Controlling shareholder plans to reduce holdings by no more than 2% [4]. Additional Convertible Bonds Information - The article includes further details on convertible bonds, such as their redemption prices, current prices, conversion values, and remaining scales, providing insights into their market performance [6][8].

Group 1 - The company announced that its fourth board meeting approved several proposals, including the adjustment of the conversion price for the "Ou 22 Convertible Bond" [2]

Group 1 - The core point of the article is that Oppein Home has announced a downward adjustment of the conversion price for its "OU22 Convertible Bonds" due to the stock price being below 80% of the conversion price for at least 15 out of the last 30 trading days [2] - The adjustment period for the stock price is from July 17, 2025, to August 6, 2025, which triggered the downward revision clause [2] - The proposal for the downward adjustment of the conversion price will be submitted for approval at the company's second extraordinary general meeting of shareholders in 2025 [2]

Core Viewpoint - The company, Oppein Home (603833), announced that it will hold the second extraordinary general meeting of shareholders on August 22, 2025, to discuss a proposal to lower the conversion price of the "OU22 Convertible Bonds" [1] Group 1 - The extraordinary general meeting is scheduled for August 22, 2025 [1] - The agenda includes a proposal from the board to adjust the conversion price of the "OU22 Convertible Bonds" [1]

Group 1 - The company issued 20 billion RMB of convertible bonds named "欧22转债" on August 5, 2022, with a maturity of six years and a tiered interest rate starting from 0.30% in the first year to 2.00% in the sixth year [2][3] - The initial conversion price was set at 125.46 RMB per share, which has been adjusted to 118.48 RMB per share due to the company's profit distribution and stock option exercises [3][4] - The conversion price can be adjusted downwards if the stock price falls below 80% of the current conversion price for at least 15 out of 30 consecutive trading days, requiring a two-thirds majority approval from shareholders [4][5] Group 2 - The company decided not to adjust the conversion price on June 16, 2025, and if the conditions for adjustment are triggered again within one month, it will also not adjust the price [5][6] - From July 17, 2025, if the stock price remains below 94.78 RMB per share for 5 out of the next 20 trading days, it will trigger the conditions for a downward adjustment of the conversion price [6]