Securities Code: 002973
Bond Code: 128138
Securities Abbreviation: Qiaoyin Shares
Bond Abbreviation: Qiaoyin Convertible Bond
Announcement Number: 2026-075
Qiaoyin Urban Services Co., Ltd.
Resolution Announcement of the 14th Meeting of the Fourth Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The fourth Board of Directors meeting of Qiaoyin Urban Services Co., Ltd. (hereinafter referred to as the "Company") was convened on July 1, 2026, with meeting notices sent via personal delivery, telephone, and email. The meeting was held on July 1, 2026, in a hybrid format of on-site and teleconference. The meeting was chaired by Ms. Guo Beihua, Chairperson of the Board. Nine directors were eligible to attend, and nine directors actually attended. Senior management personnel of the Company attended the meeting. This meeting was an urgent meeting, and the convener explained the reason for the urgency at the meeting. The convocation and convening procedures of this meeting comply with relevant laws, administrative regulations, departmental rules, normative documents, and the Company's articles of association. The resolutions made at this meeting are legal and valid.
II. Deliberation of the Board Meeting
After deliberation by the attending directors, the following proposals were voted on by open ballot and approved:
(I) Proposal to Approve the "Proposal of the Board of Directors to Lower the Conversion Price of 'Qiaoyin Convertible Bonds'"
As of July 1, 2026, the Company's stock price has been below 85% of the current conversion price (i.e., RMB 12.444 per share) for at least fifteen trading days within the last thirty consecutive trading days. This has triggered the condition for downward adjustment of the conversion price stipulated in the "Prospectus for Public Issuance of Convertible Corporate Bonds" (hereinafter referred to as the "Prospectus").