Triangle Defence bond conversion price nears downward revision trigger

Xi'an Triangle Defence Co., Ltd. announced that its "Sanjiao Convertible Bond" is projected to trigger a downward revision of its conversion price from the current 31.39 yuan per share. As of October 17, 2025, the company's stock closing price has been below 85% of the current conversion price (26.68 yuan per share) for ten trading days within a continuous thirty-trading-day period, approaching the revision threshold.

According to the prospectus, if the company's stock closing price falls below 85% of the current conversion price for at least fifteen trading days within any continuous thirty-trading-day period, the board of directors has the right to propose a downward revision plan. The board will then submit the plan to the shareholders' meeting for approval.

The company plans to hold a board meeting on the day the conditions are met to decide whether to propose a conversion price adjustment. Should a revision be decided, the company will disclose this information before the market opens on the next trading day and will proceed with the necessary review and disclosure procedures as per the prospectus. Investors are advised to be aware of the investment risks.