Changhong Technology rejects convertible bond price cut

Shenzhen Changhong Technology's convertible bonds met conditions for a downward price revision after the stock traded below 85% of the current conversion price (RMB 22.71/share) for at least 15 days within a 30-trading-day period from July 25 to August 14, 2025.

The board decided not to exercise this right and committed not to propose any downward adjustment if conditions are met again within the next three months.