Group 1 - The company, Tianjin Green Landscape Ecological Construction Co., Ltd., issued 7.12 million convertible bonds with a total amount of 712 million yuan [2][3] - The initial conversion price for the convertible bonds was set at 12.38 yuan per share, which is based on the average trading price of the company's stock [5] - The conversion period for the bonds is from November 11, 2021, to April 29, 2027 [4] Group 2 - The conversion price was adjusted to 12.04 yuan per share effective from May 31, 2023, following the annual profit distribution [6] - Further adjustments were made to the conversion price, reducing it to 11.79 yuan on May 31, 2024, and to 11.76 yuan on June 12, 2024, due to share repurchase and capital reduction [7] - The conversion price was finally set to 11.51 yuan per share effective from June 6, 2025, after the 2024 annual profit distribution [7] Group 3 - In the second quarter of 2025, the company saw a reduction of 2,100 yuan (21 bonds) in convertible bonds due to conversion, resulting in 178 shares being converted [8] - As of June 30, 2025, the remaining balance of convertible bonds was 427,901,900 yuan (4,279,019 bonds) [8]

Group 1 - The China Securities Convertible Bond Index opened up by 0.05% [1] - Hengshuai Convertible Bond surged by 30%, triggering a trading halt [1] - Caitong Convertible Bond and Saili Convertible Bond increased by over 3% [1] Group 2 - Greenfield Convertible Bond, Titan Convertible Bond, Honghui Convertible Bond, and Shouhua Convertible Bond experienced slight declines [1]

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering the downward adjustment clause due to stock price fluctuations [1][4]. Group 1: Convertible Bond Details - The company issued 7.12 million convertible bonds with a face value of 100 RMB each, raising a total of 712 million RMB, which began trading on May 28, 2021 [1]. - The initial conversion price was set at 12.38 RMB per share, effective from November 11, 2021 [2]. - The conversion price was adjusted to 11.76 RMB per share on June 12, 2024, due to share repurchase and capital reduction [2]. Group 2: Price Adjustment Clause - The downward adjustment clause is triggered when the stock price closes below 85% of the conversion price for at least 10 out of 20 consecutive trading days [3]. - The stock price fell below 9.996 RMB (85% of the conversion price) during the period from April 28, 2025, to May 14, 2025, triggering the clause [3]. Group 3: Board Decision - The board of directors held a meeting on May 14, 2025, and decided not to proceed with the downward adjustment of the conversion price, considering the company's long-term value and market conditions [4][5]. - The board emphasized the importance of maintaining investor interests and expectations in light of recent stock price volatility [4].

Group 1 - The core viewpoint of the article discusses the proposed adjustments to convertible bonds by various companies, highlighting the actions taken by their boards and shareholders [1] Group 2 - Gaoce Convertible Bond: The board has proposed a downward adjustment [1] - Baichuan Convertible Bond 2: The article questions the necessity of the downward adjustment [1] - Huat Gas: Shareholders plan to reduce their holdings by no more than 2% of the company's shares [1] - Jingyuan Environmental Protection: Directors and senior executives plan to reduce their holdings by no more than 1.18% of the company's shares [1] - Shanshi Convertible Bond, Fumiao Convertible Bond, Weixin Convertible Bond, and Lvyin Convertible Bond: No downward adjustments are proposed [1]

Core Viewpoint - The company, Tianjin Green Landscape Ecological Construction Co., Ltd., has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price being below a certain threshold for a specified period [2][7]. Group 1: Convertible Bond Basic Information - The convertible bond, known as "Green Landscape Convertible Bond," was issued on April 30, 2021, with a total of 7.12 million bonds, raising 712 million yuan [3]. - The initial conversion price was set at 12.38 yuan per share, which has been adjusted to 12.04 yuan as of May 31, 2023, and further to 11.79 yuan as of May 31, 2024 [5]. - The current conversion price is 11.76 yuan per share, effective from June 12, 2024 [5]. Group 2: Conditions for Downward Adjustment - From April 14 to April 18, 2025, the company's stock price has closed below 85% of the current conversion price for five consecutive trading days, indicating a potential trigger for a downward adjustment [2][7]. - If the stock price continues to remain below this threshold, the company may proceed with the adjustment process as outlined in the bond issuance terms [6][7]. Group 3: Adjustment Procedures - The company has the authority to propose a downward adjustment of the conversion price if the stock price conditions are met, requiring approval from shareholders [6]. - Any adjustments will be publicly announced, detailing the adjustment range, record date, and any suspension of conversion [6].