Yantai Eddie Precision proposes downward revision of convertible bond price

Yantai Eddie Precision Machinery has announced a proposed downward revision to the conversion price of its "Eddie Convertible Bonds." This action follows the company's stock closing below 85% of the current conversion price for at least 15 trading days within a 30-trading-day period, triggering a correction clause. The adjustment aims to support long-term development and protect investor interests, with the board recommending the revision for shareholder approval.

The proposal will be discussed at the Second Extraordinary General Meeting of Shareholders in 2025, scheduled for November 20, 2025. Shareholder approval by a two-thirds majority is required, with current holders of the "Eddie Convertible Bonds" abstaining from the vote. The revised conversion price will not be lower than the average of the company's stock trading prices for the twenty trading days and the day prior to the shareholder meeting, nor below the net asset value per share and the par value of the stock.

Additionally, the shareholder meeting will also address the company's Q3 2025 profit distribution plan, which proposes a cash dividend of 1.00 yuan (tax inclusive) per 10 shares, totaling 83,108,854.00 yuan. This reflects 26.30% of the Q3 net profit attributable to shareholders. This proposal was submitted as a temporary proposal by Yantai Xiangyu Investment Co., Ltd., holding 17.66% of the shares.