● 累计转股情况：自2023年2月13日至2025年12月31日，欧派家居集团股份有限公司（以下简称"公 司"）累计共有94,000.00元"欧22转债"已转换成公司A股普通股股票，累计转股数为913股，占可转债转 股前公司已发行股份总额609,151,948股的0.0001%。 ● 未转股可转债情况：截至2025年12月31日，尚未转股的"欧22转债"金额为 1,999,906,000.00元，占可转 债发行总量的99.9953%。 ● 本季度转股情况：2025年10月1日至2025年12月31日期间，"欧22转债"累计转换成公司A股普通股股票 147股。 一、可转债发行上市概况 证券代码：603833 证券简称：欧派家居 公告编号：2026-011 转债代码：113655 转债简称：欧22转债 欧派家居集团股份有限公司 关于可转债转股结果暨股份变动公告 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法律责任。 重要内容提示： （一）经中国证券监督管理委员会（以下简称"中国证监会"）"证监许可[2022]1328号"文核准，公司于 2 ...

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法律责任。 重要内容提示： ● 证券停复牌情况：适用 因实施2025年中期权益分派,欧派家居集团股份有限公司（以下简称"公司"）的相关证券停复牌情况如 下： ■ 自2025年中期权益分派公告前一交易日（2025年12月31日）至权益分派股权登记日期间，公司可转换公 司债券（以下简称"欧22转债"）将停止转股。 一、2025年中期权益分派方案的基本情况 （一）公司2025年中期分红方案：以实施权益分派股权登记日登记的总股本扣除公司股份回购专户中股 份数量后的股份总数为基数，拟向全体股东每股派发现金红利1.24元（含税）。如在实施权益分派股权 登记日前因"欧22转债"转股等原因致使公司总股本发生变动的，公司拟维持每股分配比例不变，相应调 整分配总额。具体内容详见公司于2025年12月2日披露的《欧派家居关于2025年中期分红方案的公告》 （公告编号：2025-103）。 （二）公司2025年中期分红方案履行的决策程序： 1、公司于2025年5月28日召开2024年年度股东大会，审议通过《关于提请 ...

证券代码：603833 证券简称：欧派家居 公告编号：2025-110 转债代码：113655 转债简称：欧22转债 欧派家居集团股份有限公司 关于实施2025年中期权益分派时"欧22转债"停止转股的提示性公告 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法律责任。 重要内容提示： （一）公司2025年中期分红方案：以实施权益分派股权登记日登记的总股本扣除公司股份回购专户中股 份数量后的股份总数为基数，拟向全体股东每股派发现金红利1.24元（含税）。如在实施权益分派股权 登记日前因"欧22转债"转股等原因致使公司总股本发生变动的，公司拟维持每股分配比例不变，相应调 整分配总额。具体内容详见公司于2025年12月2日披露的《欧派家居关于2025年中期分红方案的公告》 （公告编号：2025-103）。 （二）公司2025年中期分红方案履行的决策程序： 1、公司于2025年5月28日召开2024年年度股东大会，审议通过《关于提请股东大会授权董事会制定中期 分红方案的议案》，在满足2025年中期分红条件及金额上限的情况下，授权董事会择机论证、 ...

1. Report Industry Investment Rating No investment rating for the industry is provided in the report. 2. Core Viewpoints of the Report - Risk preference recovery and the strengthening of the equity nature in the convertible bond market suggest that the liquidity style is expected to strengthen again. The convertible bond market has entered the "high-beta stage of a slow bull market", with the pricing logic shifting from "bond defense" to "equity elasticity". The liquidity factor is expected to strengthen once more [1]. - In the short - term, as the global market's expectation of recent liquidity tightness eases marginally, the correction space of the convertible bond market with sufficient incremental funds may be limited. Under the slow - bull expectation, the equity market's spring rally is in the making, and the convertible bond market still has structural opportunities [2][11]. - In the medium - term, the marginal improvement in liquidity and market structural characteristics highlight the allocation value of the liquidity style. The liquidity factor is expected to shift from "steady contribution" to "strong performance" [3][18]. - In the long - term, the convertible bond market shows obvious liquidity premium. The liquidity style has the best performance under a market - neutral condition [4][12]. 3. Summary According to the Table of Contents 3.1 Convertible Bond Weekly Thinking - From December 15th to December 19th, 2025, the small - and medium - cap stocks' trend was initially weak and then strong. The convertible bond market fluctuated upward following the underlying stocks. High - priced targets performed weakly, while low - priced convertible bonds performed strongly. The increase of convertible bonds was significantly lower than that of the underlying stocks due to the drag of high - priced convertible bonds. In terms of industries, the materials (+1.62%), optional consumption (+1.04%), and healthcare (+0.97%) sectors strengthened, while the finance (-0.43%) and information technology (-0.11%) sectors weakened [2][11]. - The Bank of Japan's interest rate hike was finalized this week, removing the suppressing factor for risk preference. The U.S. CPI data on Friday was lower than market expectations, providing more room for the subsequent monetary easing policy of the Federal Reserve [2][11]. 3.2 Convertible Bond Market Tracking 3.2.1 Convertible Bond Market Conditions - The report presents the performance of various convertible bond indices in different time periods (recent week, recent two weeks, since September, recent month, recent two months, recent half - year, and recent one - year), such as the Wind Convertible Bond Energy Index, Wind Convertible Bond Materials Index, etc [21]. 3.2.2 Convertible Bond Individual Securities - The report shows the top ten and bottom ten convertible bond individual securities in terms of price increase and decrease in the recent week, but specific names and data are not fully presented [22][24]. 3.2.3 Convertible Bond Valuation - The report provides the moving average trends of the conversion premium ratios of bond - like, balanced, and equity - like convertible bonds over the weeks [28][30][34]. 3.2.4 Convertible Bond Prices - The report shows the trends of the proportion of high - priced bonds and the median price of convertible bonds [31][32].

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].