Announcement on Not Lowering the Conversion Price of "Zhanggu Convertible Bonds"
As per the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Targets by Shandong Zhangqiu Blower Co., Ltd." (hereinafter referred to as the "Prospectus"), the downward adjustment clause for the conversion price of the convertible bonds issued by the company is as follows:
(1) Adjustment Authority and Limit
During the term of the convertible bonds, if the closing price of the company's stock is lower than 85% of the current conversion price for at least fifteen trading days within any thirty consecutive trading days, the company's board of directors has the right to propose a downward adjustment plan for the conversion price and submit it to the company's general meeting of shareholders for deliberation.