Core Viewpoint - The company announces that the convertible bond "Jian Gong Convertible Bond" is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 90% of the current conversion price for five trading days [1][6] Group 1: Convertible Bond Basic Information - The company issued 16,600,000 convertible bonds with a total amount of 1.66 billion yuan, with a maturity period of six years starting from December 20, 2019 [2] - The current conversion price of the "Jian Gong Convertible Bond" is 4.07 yuan per share, adjusted from the initial price of 4.65 yuan per share [3] Group 2: Conditions for Price Adjustment - The conversion price can be adjusted downwards if the stock price is below 90% of the current conversion price for at least 10 out of any 20 consecutive trading days [3] - If the conditions are met, the board of directors will convene to decide on the adjustment and disclose the information promptly [4][6] Group 3: Triggering Conditions - From June 27 to July 3, 2025, the stock has already recorded five trading days with closing prices below 3.663 yuan (90% of the current conversion price) [6] - If in the following 15 trading days, there are an additional five trading days meeting the same condition, the adjustment clause will be triggered [6]

Core Viewpoint - The company announced a downward adjustment of the conversion price for its convertible bonds, "建工转债," from 4.25 yuan per share to 4.07 yuan per share, effective June 27, 2025 [1][6]. Group 1: Convertible Bond Issuance Overview - The company issued 16.6 million convertible bonds on December 20, 2019, with a total value of 1.66 billion yuan and a six-year term [1][2]. - The initial conversion price was set at 4.65 yuan per share, which has been adjusted multiple times due to annual cash dividends [2][3]. Group 2: Conversion Price Adjustment Details - The conversion price was adjusted to 4.57 yuan per share on July 16, 2020, following a cash dividend of 0.076 yuan per share [2]. - Subsequent adjustments occurred, with the conversion price reaching 4.25 yuan per share after a cash dividend of 0.01 yuan per share in 2023 [3][4]. Group 3: Triggering Conditions for Price Adjustment - The downward adjustment clause was triggered when the stock price fell below 90% of the current conversion price for at least ten trading days within a twenty-day period, specifically below 3.825 yuan per share [5]. - The company’s stock price met this condition from May 27 to June 10, 2025, prompting the board to propose the adjustment [5]. Group 4: Approval Process for Price Adjustment - The board approved the proposal for the price adjustment on June 10, 2025, and it was subsequently ratified at the annual shareholders' meeting on June 25, 2025 [6]. - The adjusted conversion price was determined to be compliant with the company's net asset value and trading averages prior to the shareholders' meeting [6].

Group 1 - The company held the 43rd meeting of the fifth supervisory board on June 10, 2025, with all six supervisors present, confirming the legality and validity of the meeting procedures [1][2] - The supervisory board approved the proposal to lower the conversion price of the "Jian Gong Convertible Bond," with a unanimous vote of 6 in favor [1] - The proposal to provide financial assistance to an associated company was also approved, requiring further submission to the shareholders' meeting for review [2]

Summary of Key Points Core Viewpoint - The announcement details the conversion results and share changes related to the convertible bonds issued by Chongqing Construction Group Co., Ltd, highlighting the total amount converted and the remaining unconverted bonds as of March 31, 2025. Group 1: Convertible Bond Issuance Overview - The company issued a total of 16.6 million convertible bonds with a total value of 1.66 billion yuan, with a maturity of six years and varying interest rates from 0.40% to 3.60% over the term [2][3]. Group 2: Conversion and Redemption Status - As of March 31, 2025, the cumulative amount converted from the convertible bonds is 395,480,000 yuan, accounting for 23.82% of the total issuance, with 395,477,000 yuan converted into shares and 2,000 yuan redeemed [1][4]. - The amount of convertible bonds that have not been converted stands at 1,264,520,000 yuan, representing 76.18% of the total issuance [1][5]. Group 3: Share Capital Changes - The total share capital before the conversion was 1,901,798,979 shares, which increased to 1,901,799,449 shares after the conversion of 470 shares [6].