Group 1 - The latest stock price of Luxshare Precision is 38.01 yuan, an increase of 1.57 yuan from the previous trading day, with a trading range of 36.49 to 38.20 yuan and a total transaction amount of 5.351 billion yuan [1] - The company operates in the consumer electronics sector, with its main business covering consumer electronics, communication interconnect products, precision components, and automotive interconnect products, where the consumer electronics business accounted for 83.37% of its revenue in 2024 [1] - On August 11, the company held a board meeting and approved the proposal not to adjust the conversion price of "Luxshare Convertible Bonds," despite the stock closing below 80% of the current conversion price for 15 trading days from July 22 to August 11 [1] Group 2 - On the same day, the net inflow of main funds was 350.1064 million yuan, with a cumulative net inflow of 602.1123 million yuan over the past five days [1]

Key Points - The company has decided not to adjust the conversion price of its convertible bonds despite triggering conditions for a downward adjustment [1][2] - The current conversion price is set at RMB 56.25 per share, with the adjustment period running from May 10, 2021, to November 2, 2026 [1] - The company issued a total of RMB 3 billion in convertible bonds, which began trading on December 2, 2020 [1] - The initial conversion price was RMB 58.62 per share, which was adjusted to RMB 56.45 and then to RMB 56.25 due to corporate actions [1][2] - The board's decision not to adjust the conversion price is based on confidence in the company's long-term development and intrinsic value [1][2]

Core Viewpoint - Lixun Precision (002475) announced that its stock price has been below 80% of the conversion price of its convertible bonds for 15 out of the last 30 trading days, triggering a downward adjustment clause for the bond's conversion price [1] Summary by Relevant Sections - Stock Performance - From July 22 to August 11, Lixun Precision's stock price has closed below the conversion price of 45 yuan per share for 15 trading days [1] - Corporate Decision - The company's board of directors has decided not to adjust the conversion price of the convertible bonds downwards despite triggering the clause [1]

New Stock Listings - Huadian New Energy (600930) listed at an issue price of 3.18 on July 16, 2025[1] - Zhongcheng Tui (300208) has 2 trading days remaining until the last trading day[1] - Tui Shi Jin Gang (600190) also has 2 trading days remaining until the last trading day[1] Abnormal Fluctuations - Huayin Power (600744) reported severe abnormal fluctuations on July 15, 2025[1] - Changcheng Military Industry (601606) announced abnormal fluctuations on July 15, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on July 16, 2025[1] Other Notable Announcements - ST Ya Zhen (000627) reported significant fluctuations with a value of 7189 on July 16, 2025[3] - Guosheng Technology (603778) reported fluctuations with a value of 3370 on July 15, 2025[3] - ST Xin Chao (600777) reported fluctuations with a value of 1008 on July 11, 2025[3]

Core Viewpoint - The legal opinion letter from Han Kun Law Offices confirms that Luxshare Precision Industry Co., Ltd. has complied with relevant laws and regulations regarding the issuance and potential buyback of its convertible bonds, ensuring that bondholders have the right to sell their bonds back to the company under specified conditions [1][5]. Group 1: Legal Framework and Compliance - The law firm has been commissioned by Luxshare Precision to provide legal opinions based on the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange [1][2]. - The law firm has verified that Luxshare Precision provided necessary and accurate documentation for the issuance of convertible bonds, ensuring compliance with legal standards [2][3]. Group 2: Convertible Bond Issuance Details - Luxshare Precision has received approval from the China Securities Regulatory Commission to publicly issue convertible bonds totaling 3 billion yuan, with a maturity of 6 years [5]. - The company has issued 30 million convertible bonds, which were listed in December 2020 [5]. Group 3: Buyback Conditions - The convertible bondholders have the right to sell their bonds back to the company if the stock price falls below 70% of the conversion price for 30 consecutive trading days during the last two interest payment years [5][6]. - The buyback right is conditional and can only be exercised once per year if the conditions are met, and bondholders must act within the specified buyback period [5][6].

Core Viewpoint - The company, Luxshare Precision Industry Co., Ltd., announced a temporary suspension of the conversion of its convertible bonds, effective from July 3, 2025, until the registration date for its 2024 annual equity distribution [1]. Group 1: Convertible Bonds Information - The convertible bond code is 128136, and the bond name is Luxshare Convertible Bonds [1]. - The conversion period for the bonds is from May 10, 2021, to November 2, 2026 [1]. - The suspension of conversion will last until the equity distribution registration date, after which conversion will resume on the first trading day following the registration [1]. Group 2: Equity Distribution and Price Adjustment - The company will implement its 2024 annual equity distribution soon, which triggers the suspension of bond conversion [1]. - The adjustment of the conversion price will occur based on specific conditions such as stock dividends, capital increases, and cash dividends, with detailed formulas provided for each scenario [1]. - The adjustment mechanism ensures that the conversion price reflects changes in shareholder equity, maintaining fairness for bondholders [2].

Group 1 - The core point of the announcement is the adjustment of the conversion price for the company's convertible bonds, which will be effective from July 2, 2025, set at RMB 56.45 per share [1] - The company issued 30 million convertible bonds with a total value of RMB 300 million, which were listed on December 2, 2020 [1] - The conversion period for the bonds is from May 10, 2021, to November 2, 2026 [1] Group 2 - As of June 30, 2025, the total share capital increased to 7,251,396,444 shares, reflecting changes due to stock option exercises and bond conversions [1] - The initial conversion price was RMB 58.62 per share, which was adjusted to RMB 56.47 per share before the latest adjustment [1] - The company reported that the number of unrestricted circulating shares remained at 99.82% of the total share capital after the conversion [1]

Meeting Overview - The shareholder meeting of Luxshare Precision Industry Co., Ltd. was attended by 6,730 shareholders and representatives, representing 3,876,922,698 shares, which is 53.4830% of the total shares [1] - Among the attendees, 3 individuals participated in person, representing 2,755,560,159 shares (38.0136% of total shares), while 6,727 minority shareholders voted online [1] Voting Results - The proposal to acquire equity and assets of certain subsidiaries of Wente Technology Co., Ltd. was approved with 3,832,890,880 votes in favor, accounting for 98.8643% of the valid votes [1] - The total valid votes for this proposal were 3,876,922,698 shares, with 9,519,407 votes against (0.2455%) and 34,512,411 abstentions (0.8902%) [1] - For minority shareholders, the valid votes were 1,145,385,062 shares, with 0.8311% in favor and 3.0132% abstaining [1] Legal Compliance - The meeting adhered to the regulations of the "Rules for Shareholder Meetings of Listed Companies" and the "Articles of Association," confirming the legality of the meeting and voting procedures [1]

Group 1 - The core announcement is regarding the results of the "Lixun Convertible Bonds" repurchase, which was disclosed on multiple dates in May 2025 [1][2] - The repurchase price for the bonds is set at RMB 100.981 per bond, including interest and tax [1] - The effective number of repurchase applications received was 11 bonds, with a total repurchase amount not specified in the document [1][2] Group 2 - The repurchase will not have a substantial impact on the company's financial status, operating results, cash flow, or capital structure [2] - The company will continue to trade the unrepurchased "Lixun Convertible Bonds" on the Shenzhen Stock Exchange [2]

Summary of Key Points Core Viewpoint - The announcement details the conditional redemption of "Lixun 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][2]. Group 1: Redemption Conditions - The conditional redemption clause is activated if the closing price of the company's stock is below 70% of the conversion price (39.53 CNY) for 30 consecutive trading days during the last two interest years of the bond [2][3]. - The conversion price is set at 56.47 CNY per share, and the bondholders have the option to redeem either partially or fully [1][2]. Group 2: Redemption Price Calculation - The redemption price is calculated to be 100.981 CNY per bond, including interest, with a net amount of 100.785 CNY for individual investors after tax deductions [4]. - The interest rate for the current period is 1.80%, and the interest accrued for the redemption period is calculated based on the number of days from the last interest payment [3][4]. Group 3: Redemption Process and Timeline - The redemption application period is from May 22, 2025, to May 28, 2025, during which bondholders can submit their redemption requests [5]. - The company will announce the results of the redemption and its impact on the company after the redemption period ends [6]. Group 4: Trading and Conversion Restrictions - During the redemption period, "Lixun Convertible Bonds" will continue to be traded, but conversion to shares will be suspended [6]. - If bondholders submit multiple requests (trading, redemption, transfer), they will be processed in a specific order: trading first, then redemption, followed by transfer [6].