Xinyangfeng board opts against convertible bond price correction

Xinyangfeng Agricultural Technology's board of directors resolved not to implement a downward revision of the "Yangfeng Convertible Bond" conversion price. This decision came despite the company's stock price triggering the downward correction clause, with its closing price falling below 85% of the current conversion price for at least 15 trading days within a consecutive 30-trading-day period ending on September 18, 2025.

The board's decision reflects confidence in the company's future development potential and intrinsic value, aiming to safeguard shareholder interests. Furthermore, the board committed to not proposing a downward revision within the next six months (September 19, 2025, to March 18, 2026), even if the trigger conditions are met again. Any subsequent trigger after March 19, 2026, would prompt a new board review.

The "Yangfeng Convertible Bond" was initially issued on March 25, 2021, for 1,000,000,000 yuan. Its conversion price has been adjusted multiple times due to dividend distributions and share repurchases, with the latest adjustment on May 20, 2025, setting it at 17.09 yuan per share.