Group 1 - The core decision of the board meeting was to not adjust the conversion price of the "Qiaqia Convertible Bonds" downwards despite the stock price being below 85% of the conversion price for fifteen trading days [3][15]. - The board meeting was held on February 25, 2026, with all seven directors present, meeting the legal requirements for a quorum [2]. - The conversion price of the "Qiaqia Convertible Bonds" is set at RMB 55.93 per share, with the conversion period from April 26, 2021, to October 19, 2026 [7][8]. Group 2 - The company issued 13.40 billion RMB worth of convertible bonds, with a total of 13.4 million bonds at a face value of 100 RMB each, approved by the China Securities Regulatory Commission [7]. - The conversion price has undergone seven adjustments since its initial price of 60.83 RMB per share, with the latest adjustment bringing it to 55.93 RMB per share [9][11]. - The company has triggered the downward adjustment clause for the conversion price but has decided against making any adjustments for the next six months [14][15].

经公司第六届董事会第二十五次会议审议通过，公司董事会决定不向下修正"洽洽转债"转股价格；自本 次董事会审议通过后的首个交易日起的六个月内(即2026年2月26日至2026年8月25日期间)，如再次触 发"洽洽转债"转股价格向下修正条件，亦不提出向下修正方案。敬请广大投资者注意投资风险。 格隆汇2月25日丨洽洽食品(002557.SZ)公布，自2026年1月28日至2026年2月25日，洽洽食品股份有限公 司股票已有十五个交易日的收盘价低于当期转股价格的85%(即47.54元/股)的情形，已触发"洽洽转债"转 股价格的向下修正条款。 ...

（编辑 任世碧） 证券日报网讯 2月25日，洽洽食品发布公告称，自2026年1月28日至2026年2月25日，公司股票已有十五 个交易日的收盘价低于当期转股价格的85%（即47.54元/股）的情形，已触发"洽洽转债"转股价格的向 下修正条款。经公司第六届董事会第二十五次会议审议通过，公司董事会决定不向下修正"洽洽转债"转 股价格；自本次董事会审议通过后的首个交易日起的六个月内（即2026年2月26日至2026年8月25日期 间），如再次触发"洽洽转债"转股价格向下修正条件，亦不提出向下修正方案。 ...

Core Viewpoint - The company, Qiaqia Food Co., Ltd., is expected to trigger the condition for a downward adjustment of the conversion price for its convertible bonds, "Qiaqia Convertible Bonds," due to the stock price being below 85% of the current conversion price for a specified period [1][12]. Group 1: Convertible Bond Issuance and Listing - The company issued 13.40 million convertible bonds at a face value of 100 yuan each, totaling 1.34 billion yuan, with a six-year term approved by the China Securities Regulatory Commission [2]. - The bonds were listed on the Shenzhen Stock Exchange on November 18, 2020, under the name "Qiaqia Convertible Bonds" and code "128135" [3]. Group 2: Conversion Price and Adjustment - The initial conversion price was set at 60.83 yuan per share, and it has undergone seven adjustments since the bonds became convertible on April 26, 2021 [6]. - The conversion price was adjusted to 60.03 yuan on June 11, 2021, 59.18 yuan on June 22, 2022, and 58.18 yuan on June 20, 2023, due to annual dividend distributions [6][7][8]. Group 3: Downward Adjustment Conditions - The company can propose a downward adjustment of the conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [9]. - The expected period for triggering this condition starts from January 28, 2026, and ends on February 10, 2026, during which the stock price has already been below 47.54 yuan (85% of the current conversion price) for ten trading days [12]. Group 4: Future Procedures - If the company decides to adjust the conversion price, it will announce the decision through designated media, including the adjustment range and the date for resuming conversion applications [10]. - The company must follow the procedures outlined in the prospectus for any future adjustments and disclosures [13].

Core Viewpoint - The company has initiated its tenth employee stock ownership plan, which was approved by the board and shareholders, and has opened a dedicated securities account for this plan [1][2]. Group 1: Employee Stock Ownership Plan - The company held its sixth board meeting on November 14, 2025, and a temporary shareholders' meeting on December 2, 2025, where the employee stock ownership plan was approved [1]. - The tenth employee stock ownership plan was officially implemented, with a dedicated securities account opened on December 8, 2025, at the Shenzhen branch of China Securities Depository and Clearing Corporation [1]. - As of February 2, 2026, the company has not yet purchased any stocks under the tenth employee stock ownership plan [2].

Core Viewpoint - The company announced the results of the buyback of its convertible bonds, indicating minimal impact on its financial status and operations [1][2]. Group 1: Buyback Announcement - The company disclosed the buyback price of the convertible bonds at 100.236 CNY per bond, including interest and tax [1]. - The buyback period was set from December 2, 2025, to December 8, 2025, during which investors could choose to sell their bonds back to the company [1][2]. Group 2: Buyback Results - The total number of valid buyback applications was 18 bonds, amounting to 1,804.24 CNY, including interest and tax [2]. - The funds for the buyback will be transferred to the designated account of the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, with the payment date set for December 15, 2025 [2]. Group 3: Impact on the Company - The buyback will not materially affect the company's financial condition, operating results, cash flow, or capital structure [2]. - The company’s ability to fulfill its debt obligations and maintain ongoing operations remains intact [2]. Group 4: Future Trading - Unredeemed convertible bonds will continue to be traded on the Shenzhen Stock Exchange [3].

Core Viewpoint - The company is announcing the conditional redemption of its convertible bonds, allowing bondholders to sell back their bonds at a specified price due to the stock price falling below a certain threshold [4][6]. Redemption Overview - The company has triggered the conditional redemption clause for its convertible bonds, allowing holders to sell back their bonds if the stock price has been below 70% of the conversion price for 30 consecutive trading days [4]. - The redemption price is set at 100.236 CNY per bond, which includes accrued interest [3][7]. - The redemption period is from December 2, 2025, to December 8, 2025, during which the bonds will not be convertible [3][10]. Redemption Conditions - The redemption clause is activated if the company's stock price falls below 55.93 CNY (the conversion price) for 30 consecutive trading days during the last two interest periods of the bonds [4]. - The calculation for accrued interest is based on a formula that considers the bond's face value, interest rate, and the number of days since the last interest payment [6]. Redemption Process - Bondholders must declare their intention to redeem during the specified period through the Shenzhen Stock Exchange trading system [10]. - The company will announce the results of the redemption and its impact on the company after the redemption period ends [12]. Payment Details - The payment for the redeemed bonds will be processed through the China Securities Depository and Clearing Corporation, with funds expected to be credited to investors by December 15, 2025 [12].

Group 1 - The company issued 13.40 billion yuan of convertible bonds on October 20, 2020, with a maturity of six years and a face value of 100 yuan per bond [1] - The convertible bonds, named "Qiaqia Convertible Bonds," began trading on the Shenzhen Stock Exchange on November 18, 2020, and are currently in the conversion period since April 26, 2021 [1] - The conversion price for the bonds is set at 55.93 yuan per share [2] Group 2 - If the stock price remains below 70% of the conversion price for 30 consecutive trading days from October 20, 2025, the conditional redemption clause for the bonds will take effect [2] - The bonds will be suspended from conversion starting December 2, 2025, until December 8, 2025, during the redemption application period [2] - Conversion will resume on December 9, 2025, after the redemption application period ends [2]

Core Viewpoint - The company announces the resumption of the conversion of its convertible bonds, "Qiaqia Convertible Bonds," after a temporary suspension period due to specific market conditions [2][3]. Group 1: Convertible Bonds Details - The company issued 13.40 million convertible bonds with a face value of 100 yuan each, totaling 1.34 billion yuan, with a six-year term starting from October 20, 2020 [2]. - The bonds were listed on the Shenzhen Stock Exchange on November 18, 2020, and have been convertible into company shares since April 26, 2021 [2]. - The conversion price is set at 55.93 yuan per share, and the bonds are subject to conditional redemption due to the stock price being below 70% of the conversion price for 30 consecutive trading days [2]. Group 2: Suspension and Resumption of Conversion - The conversion of "Qiaqia Convertible Bonds" will be suspended from December 2, 2025, to December 8, 2025, during the redemption application period [3]. - The conversion will resume on December 9, 2025, following the end of the suspension period [3].

Core Viewpoint - The company announces the fifth reminder regarding the repurchase of its convertible bonds, "Qiaqia Convertible Bonds," allowing bondholders to sell back their bonds under specific conditions due to the stock price falling below a certain threshold [4][5]. Summary by Sections Repurchase Conditions - Bondholders of "Qiaqia Convertible Bonds" have the right to sell back part or all of their unconverted bonds, and this repurchase is not mandatory [2][8]. - The repurchase price is set at 100.236 CNY per bond, including interest and tax [3][8]. - The repurchase application period is from December 2, 2025, to December 8, 2025 [3][10]. Triggering Conditions - The repurchase clause is activated as the company's stock price has been below 70% of the conversion price (55.93 CNY per share) for thirty consecutive trading days [4][5]. - The repurchase right can be exercised once per year during the last two interest periods if the conditions are met [6][8]. Repurchase Process - The company will announce the repurchase results and its impact after the repurchase period ends [11]. - Bondholders must submit their repurchase applications through the Shenzhen Stock Exchange trading system during the specified period [10][11]. - The funds will be processed and credited to investors' accounts by December 15, 2025 [11].