Core Viewpoint - The company announced that it may trigger the downward adjustment of the conversion price for its convertible bonds due to its stock price being below 85% of the current conversion price for 10 consecutive trading days starting from September 15, 2025 [1] Summary by Relevant Sections - **Company Announcement** - The company released a notice on September 26, indicating that the period for triggering the conversion price adjustment condition starts from September 15, 2025 [1] - The stock price has been below the conversion price threshold for the specified duration, which may lead to a downward adjustment of the "Lihigh Convertible Bonds" conversion price [1] - The company will follow the procedures and disclosure obligations as stipulated in the prospectus if the adjustment condition is triggered [1]

Core Points - Lihigh Food Co., Ltd. announced that the conversion price for "Lihigh Convertible Bonds" is set at 95.33 yuan per share, with a conversion period from September 13, 2023, to March 6, 2029 [1] - From September 15, 2025, to September 26, 2025, if the company's stock closes below 85% of the current conversion price for 10 trading days, it is expected to trigger conditions for a downward adjustment of the conversion price [1] - If triggered, the company will convene a board meeting to review whether to adjust the conversion price and will disclose a related announcement before the next trading day, fulfilling subsequent procedures and information disclosure obligations [1] Summary by Sections - **Conversion Price and Period** - The conversion price for "Lihigh Convertible Bonds" is 95.33 yuan per share [1] - The conversion period is from September 13, 2023, to March 6, 2029 [1] - **Adjustment Conditions** - Starting from September 15, 2025, if the stock price closes below 85% of the conversion price for 10 trading days, it may trigger a downward adjustment [1] - **Company Actions upon Trigger** - The company will hold a board meeting to consider the adjustment and will announce the decision before the next trading day [1]

Core Viewpoint - The major shareholder of Lihigh Food Co., Ltd., Mr. Bai Baokun, has reduced his shareholding, which has triggered a change in the percentage of shares held, now falling below the 9% threshold [1][2][3]. Summary by Sections Shareholder Reduction - Mr. Bai Baokun has reduced his holdings by 1.303 million shares, representing 0.77% of the company's total share capital, which has decreased his ownership from 9.69% to 8.92% [2][3][4]. - The reduction in shareholding has reached a change that touches the 1% integer multiple threshold [2][3]. Shareholding Structure - Following the reduction, Mr. Bai Baokun's shareholding percentage is now 8.92%, calculated based on the latest total share capital of 169,340,501 shares, excluding shares in the repurchase account [6][3]. - The reduction does not lead to a change in the company's controlling shareholder or actual controller, nor does it significantly impact the company's governance structure or ongoing operations [3][2]. Convertible Bonds - The company issued 9,500,000 convertible bonds with a total amount of RMB 95 million, which began conversion on September 13, 2023 [2][1]. - The conversion of the bonds has resulted in a passive dilution of Mr. Bai Baokun's shareholding by 0.00003% [2][4].

立高食品股份有限公司 证券代码：300973 证券简称：立高食品 债券代码：123179 债券简称：立高转债 立高食品股份有限公司 向不特定对象发行可转换公司债券 （住所：广州市增城石滩镇工业园平岭工业区） 债券受托管理人 （住所：北京市朝阳区安立路66号4号楼） 二〇二五年六月 重要声明 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜作出独立判断，而不应将本报告中的任何内容据以作为中信建投证券所作的 承诺或声明。在任何情况下，未经中信建投证券书面许可，不得将本报告用作其 他任何用途。 目 录 十一、与发行人偿债能力和增信措施有关的其他情况及受托管理人采取的应对措施及相应成 一、受托管理的公司债券（含企业债券）概况 截至 2024 年（以下简称"报告期"）末，立高食品股份有限公司发行且存 续的由中信建投证券担任受托管理人的债券包括：2023 年立高食品股份有限公 司向不特定对象发行可转换公司债券，债券具体情况见下表： | | | | | | | | | | | | | 表：受托管理债券概况 | | | | | | | | | | | | | | | | --- | --- | --- ...