Youzu Interactive cuts convertible bond price to CNY10.10

Youzu Interactive (SZSE:002174) is lowering the conversion price of its "Youzu Convertible Bonds" from 16.92 yuan per share to 10.10 yuan per share, effective March 7, 2025. The decision follows a period where Youzu's stock price triggered a downward revision clause, as the company's share price traded below 90% of the prevailing conversion price for 15 consecutive trading days. The adjustment was approved at the company's 2025 first extraordinary general meeting. The bond, with code 128074, was originally issued in September 2019. The revised conversion price reflects shareholder value and market conditions.