Ginlong Technologies' convertible bond 02 nears conversion price trigger

Ningbo Ginlong Technologies' "Jinlang convertible bond 02" is projected to trigger a downward revision of its conversion price. The initial conversion price is 89.82 yuan per share. As of December 2, 2025, the company's stock price has closed below 85% of this conversion price for ten out of thirty consecutive trading days, indicating an anticipated trigger of the downward adjustment condition.

According to the bond's prospectus, if the company's stock price closes below 85% of the current conversion price for at least fifteen out of thirty consecutive trading days, the board of directors has the authority to propose a downward revision plan for shareholder approval. Such a plan, if enacted, must not set the revised conversion price below the higher of the average stock price for the twenty trading days prior to the shareholder meeting or the stock price on the day before the meeting, and also not below the most recently audited net asset value per share or the par value of the stock.

The company has confirmed it will promptly follow up with the necessary deliberation procedures and information disclosure should the conversion price adjustment condition be met. Investors are encouraged to review the full prospectus for comprehensive details regarding the "Jinlang convertible bond 02" and remain vigilant to potential investment risks.