Lexy Electric keeps convertible bond conversion price unchanged

Lexy Electric's stock price fell below 80% of its convertible bond conversion price for 15 trading days within a 30-day period, triggering an automatic downward adjustment clause.

However, the company's board decided against reducing the conversion price from the current 31.72 yuan per share. The board also committed to making no downward adjustment proposals for the next six months, even if trigger conditions are met again.