Jinko Power opts not to revise bond conversion price

Jinko Power Technology (SSE:601778) announced today that its board of directors has resolved not to adjust downward the conversion price of its "Jinko Convertible Bonds," which are traded under code 113048. The decision comes after the bonds triggered a clause allowing for a potential downward revision of the conversion price, as the company's stock price remained below 90% of the current conversion price (CNY 5.24) for 15 out of 30 consecutive trading days between April 1 and April 22, 2025.