Beijing Strong Biotechnologies convertible bonds nearing conversion price adjustment

Beijing Strong Biotechnologies announced that its "Ninebot Convertible Bonds" are predicted to trigger a downward adjustment to their conversion price. As of September 11, 2025, the company's stock has closed below 85% of the current conversion price for ten trading days within a continuous thirty-trading-day period, starting from August 27, 2025. The current conversion price is 16.68 yuan per share.

If the condition is formally met, the company's board of directors will have the authority to propose a downward adjustment to the conversion price, subject to shareholder approval. The adjusted conversion price must not be lower than the average stock trading price over the twenty trading days preceding the shareholders' meeting date, nor lower than the trading price on the day prior to the meeting.

The "Ninebot Convertible Bonds" were issued on June 30, 2022, with a total value of 1.139 bn yuan and a maturity of six years. The conversion period began on January 6, 2023, and will end on June 29, 2028.