Tongwei declines to lower bond conversion price

Tongwei Co., Ltd. announced that it will not adjust the conversion price of its "Tong 22 Convertible Bonds" downwards. The company's stock closing price met the conditions for a downward revision between June 20, 2025, and July 10, 2025, with fifteen out of thirty consecutive trading days falling below 85% of the current conversion price.

The decision, made by the company's board of directors, is based on factors including industry outlook and the company's long-term potential. Tongwei will not propose a downward revision for the next three months, until October 10, 2025. Any future triggers for a price adjustment will be re-evaluated by the board.