Weiming Environment Protection holds off on convertible bond price revision

Zhejiang Weiming Environment Protection announced on September 2, 2025, that its stock price for the 'Weiming 22 Convertible Bonds' has triggered the downward revision clause. From August 13, 2025, to September 2, 2025, the company's stock closing price was below 90% of the current conversion price for at least fifteen trading days within a consecutive thirty-trading-day period.

However, the company's seventh board of directors, during its eighteenth meeting on September 2, 2025, unanimously resolved not to exercise the right to revise the conversion price downwards. Furthermore, for the subsequent month (September 3, 2025, to October 2, 2025), should the 'Weiming 22 Convertible Bonds' conversion price again trigger the downward revision clause, the company will not propose a revision plan.

The 'Weiming 22 Convertible Bonds' were issued on July 22, 2022, with a total value of 147,700万元. The current conversion price is 27.27 yuan per share, adjusted from an initial 32.85 yuan per share due to various events including dividend distributions and prior correction clauses. The company stated that if the downward revision conditions are met again after October 3, 2025, the board of directors will reconvene to decide whether to exercise the right.