Wujin Stainless maintains convertible bond conversion price

Jiangsu Wujin Stainless Steel Co., Ltd. announced its decision not to revise downwards the conversion price of its "Wujin Convertible Bonds." The company's stock met the conditions for a downward revision, with its closing price falling below 85% of the current conversion price for at least fifteen trading days within a continuous thirty-trading-day period from August 14, 2025, to September 3, 2025.

The board of directors, during its Eleventh Meeting of the Fifth Session on September 3, 2025, unanimously approved the resolution not to initiate a downward revision. This decision was made considering the relatively short time since the convertible bonds were issued, the remaining long duration until maturity, and the company's confidence in its long-term stable development and intrinsic value.

Furthermore, the company stated that should the downward revision trigger condition be met again within the next six months (from September 4, 2025, to March 3, 2026), it will still not propose a downward revision plan. The next period for triggering a potential downward revision will recommence on March 4, 2026. The initial conversion price of the "Wujin Convertible Bonds" was 8.55 yuan per share, which has since been adjusted to 7.93 yuan per share due to equity distribution plans in 2023 and 2024.