Meijin Energy: Convertible bond price adjustment likely

Shanxi Meijin Energy Co., Ltd. [SZSE:000723] announced that its "Meijin Convertible Bonds" (Bond Code: 127061) are likely to trigger a downward revision of the conversion price. Trading data between April 28, 2025, and May 14, 2025, indicates that the company's stock price has fallen below 85% of the current conversion price (CNY 5.26 per share) for 10 trading days. If triggered, the board of directors may propose a downward adjustment to the conversion price, subject to shareholder approval. The bonds, with a CNY 359,000,000.00 issuance at an initial conversion price of CNY 13.21 per share, began trading on the Shenzhen Stock Exchange on May 30, 2022.