Core Viewpoint - The company announced the repurchase and cancellation of 86,450 restricted stocks that were granted but not unlocked due to the departure of 4 incentive targets and 23 targets not meeting performance criteria for 2024, with a repurchase price of 8.94 yuan per share plus bank interest [1][14]. Group 1: Repurchase Details - The repurchase involves 86,450 shares of restricted stock, with 4 individuals leaving the company and 23 individuals failing to achieve a performance score of "100" in 2024 [1][12]. - The total number of shares will decrease from 573,481,858 to 573,395,408 after the repurchase [1][15]. - The repurchase price is set at 8.94 yuan per share, which includes bank interest [1][14]. Group 2: Background and Procedures - The company’s 2020 restricted stock incentive plan has undergone several meetings to approve the repurchase and adjustments to the incentive targets [2][3][4]. - The independent directors have expressed their agreement with the repurchase actions, confirming compliance with relevant regulations [15][16]. - The repurchase is funded by the company's own resources, totaling 784,024.17 yuan for the 86,450 shares [14]. Group 3: Impact and Compliance - The repurchase will not significantly affect the company's financial status or operational results, nor will it hinder the ongoing implementation of the incentive plan [15]. - Legal opinions confirm that the company has followed necessary decision-making procedures regarding the repurchase and price adjustments [15][16].

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 performance [1][5]. Group 1: Convertible Bond Details - The company issued 12 million convertible bonds on October 14, 2022, with a total fundraising amount of 1.2 billion yuan [2]. - The initial conversion price was set at 34.17 yuan per share, which has been adjusted to 31.72 yuan per share [2][5]. - The bond has a maturity period of six years, from October 14, 2022, to October 13, 2028, with a tiered interest rate structure [2]. Group 2: Price Adjustment Clause - The downward adjustment clause is triggered when the stock price closes below 80% of the conversion price for at least 15 out of 30 consecutive trading days [5]. - As of August 12, 2025, the stock price has met this condition, but the board has chosen not to proceed with the adjustment [1][5]. - The board will reassess the situation after February 13, 2026, should the condition be triggered again [1][5]. Group 3: Future Considerations - The company will not propose any downward adjustment for the next six months, from August 13, 2025, to February 12, 2026 [1][5]. - The board's decision reflects confidence in the company's long-term stability and intrinsic value [5].

Summary of Key Points Core Viewpoint - The article discusses recent developments in convertible bonds, including proposals for adjustments and shareholder actions regarding stock holdings. Group 1: Convertible Bond Adjustments - Tianye Convertible Bond has proposed a downward adjustment [1] - Lithium Science and Lek Convertible Bonds will not undergo adjustments [1] Group 2: Shareholder Actions - Baichuan Co., Ltd.'s actual controller plans to reduce holdings by no more than 3% of the company's shares [1] - Taiping Bird's shareholder also intends to reduce holdings by no more than 3% of the company's shares [1] Group 3: Convertible Bond Market Data - Various convertible bonds are listed with their current prices, redemption prices, last trading dates, and conversion values, indicating market performance and investor interest [4][6]

Core Viewpoint - 莱克电气 announced that it will not adjust the conversion price of its convertible bonds, indicating a stable outlook for its financial instruments [2] Company Summary - 莱克电气's board meeting was held on August 12, 2025, via telecommunication to discuss various proposals, including the decision regarding the convertible bonds [2] - For the fiscal year 2024, 莱克电气's revenue composition shows that the home appliance sector accounts for 97.73% of total revenue, while other businesses contribute 2.27% [2]

Core Viewpoint - The company announces that the "Lai Ke Convertible Bond" is expected to meet the conditions for a price adjustment, which may occur if the stock price remains below a certain threshold for a specified period [1][6]. Group 1: Convertible Bond Issuance Overview - The company issued 12 million convertible bonds on October 14, 2022, with a face value of 100 yuan each, totaling 1.2 billion yuan [3]. - The initial conversion price was set at 34.17 yuan per share, which has been adjusted to 31.72 yuan per share [3]. - The bonds have a maturity period of six years, from October 14, 2022, to October 13, 2028 [3]. Group 2: Price Adjustment Conditions - The price adjustment clause allows for a downward revision if the stock price is below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [2][4]. - The company’s board must propose the adjustment plan, which requires approval from more than two-thirds of the voting rights at the shareholders' meeting [4]. - If the stock price remains below 80% of the conversion price for 10 consecutive trading days starting from July 23, 2025, and meets further conditions, the price adjustment may be triggered [6]. Group 3: Future Steps and Disclosure - Upon triggering the price adjustment conditions, the company will hold a board meeting to decide on the adjustment and will disclose the decision the next trading day [6]. - The company is obligated to follow the regulatory requirements for information disclosure regarding the price adjustment process [6].

Group 1 - The company announced the issuance of 12 million convertible bonds, with a total amount of 120,000 million yuan [2] - The face value of each bond is 100 yuan, and the bonds were issued on October 14, 2022 [2] - The potential trigger for the adjustment of the conversion price is if the company's stock price remains below 80% of the current conversion price of 31.72 yuan per share for 10 consecutive trading days starting from July 23, 2025 [2] Group 2 - If the stock price meets the conditions for 5 out of the next 20 trading days, it may trigger the conversion price adjustment clause for the convertible bonds [2]

Summary of Key Points Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Lek Electric, highlighting the limited conversion activity and the remaining unconverted bonds. Group 1: Convertible Bond Issuance and Conversion - Lek Electric issued 12 million convertible bonds on October 14, 2022, with a total fundraising amount of 1.2 billion yuan [2] - The bonds have a maturity period of 6 years, with interest rates increasing from 0.30% in the first year to 2.00% in the sixth year [2] - As of June 30, 2025, a total of 142,000 yuan worth of bonds have been converted into 4,408 shares, representing 0.00076790% of the total shares before conversion [1][6] - The total amount of unconverted bonds as of June 30, 2025, is 1,199,858,000 yuan, accounting for 99.9882% of the total issuance [1][6] Group 2: Conversion Price Adjustments - The initial conversion price was set at 34.17 yuan per share, which has been adjusted multiple times due to changes in the company's capital structure [3][4] - The latest conversion price adjustment was made on October 27, 2023, changing it to 33.20 yuan per share [5] Group 3: Share Capital Changes - Following the conversion, the total number of shares decreased by 33,600 due to the cancellation of restricted stock, resulting in a new total of 573,481,858 shares [6]

Core Points - The company has completed the repurchase and cancellation of restricted stock, which does not lead to any adjustment in the conversion price of "Leke Convertible Bonds" [1][10] - The conversion price before and after the adjustment remains at 31.72 yuan per share [1][10] - The repurchased restricted stock accounts for a small proportion of the company's total share capital, thus the conversion price remains unchanged [1][10] Summary by Sections Announcement of Repurchase and Cancellation - The company announced the completion of the repurchase and cancellation of restricted stock, ensuring that the content of the announcement is truthful and accurate [1] - The repurchase involved a total of 33,600 shares, with a repurchase price of 8.94 yuan per share [8][9] Convertible Bonds Information - The company issued 12 million convertible bonds on October 14, 2022, with a total fundraising amount of 1.2 billion yuan [1] - The initial conversion price of the "Leke Convertible Bonds" was set at 34.17 yuan per share, effective from April 20, 2023 [2] Conversion Price Adjustment - Due to the cancellation of restricted stock, the conversion price of "Leke Convertible Bonds" was calculated but ultimately remained unchanged at 31.72 yuan per share [10] - The adjustment formula for the conversion price is based on the company's stock changes, including cash dividends and stock repurchases [6][9]

Core Viewpoint - The company, Lek Electric, has maintained its credit rating of "AA" for both its main entity and its convertible bonds, with a stable outlook, as confirmed by the recent tracking rating report [2]. Group 1 - The previous credit rating results indicated a main entity credit rating of "AA" and a stable outlook for both the main entity and the convertible bonds [2]. - The recent tracking credit rating report was issued by Zhongzheng Pengyuan Credit Rating Co., Ltd., which assessed the company's operational status and related industry [2]. - The tracking rating report dated June 10, 2025, confirmed that the credit ratings remain unchanged from the previous assessment conducted on June 27, 2024 [2][3]. Group 2 - The detailed tracking rating report can be accessed on the Shanghai Stock Exchange website [3]. - The announcement was officially made by the board of directors of Lek Electric on June 12, 2025 [4][5].

Core Viewpoint - The company is implementing a buyback and cancellation of 33,600 restricted stocks due to the departure of four incentive recipients who no longer meet the incentive conditions as per the 2020 Restricted Stock Incentive Plan [2][4]. Group 1: Buyback and Cancellation Details - The decision for the buyback and cancellation was approved during the board and supervisory meetings held on April 15, 2025, with independent directors expressing their agreement [3]. - The buyback price is set at 8.94 yuan per share, totaling 304,389.49 yuan, which includes 300,240.00 yuan in principal and 4,149.49 yuan in interest [3][4]. - The buyback will be funded by the company's own funds [5]. Group 2: Impact on Stock Structure - After the buyback, the remaining number of restricted stocks will be 2,342,480 shares [6]. - The cancellation of the stocks is expected to be completed by June 12, 2025, with subsequent legal procedures for capital reduction to be carried out [8]. Group 3: Compliance and Legal Opinions - The company confirms that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of the incentive recipients or creditors [10]. - Legal opinions affirm that the buyback and cancellation process has met necessary decision-making procedures and disclosure obligations [11].