Haitian Shares (603759.SH): Will not revise downward the conversion price of "Haitian Convertible Bonds"

Gelonghui March 26丨Haitian Co., Ltd. (603759.SH) announced that during the period when the “Haitian Convertible Bonds” are outstanding, the company’s stock has, in at least 15 trading days within any 30 consecutive trading days, closed at a price below 85% of the prevailing conversion price. This has triggered the “downward adjustment of the conversion price of the ‘Haitian Convertible Bonds’” provision set out in the “Haitian Water Group Co., Ltd. Securities Offering Memorandum for Convertible Corporate Bonds Issued to Unspecified Objects.” After examination and approval by the company’s 4th meeting of the 5th session of the board of directors, the board of directors has decided not to downwardly adjust the conversion price for this time, and within 3 months after making this board resolution (i.e., from March 27, 2026, to June 26, 2026), it will also not propose a downward adjustment plan for the conversion price.

Starting from the first trading day on June 27, 2026, the calculation will resume from the beginning. If the “Haitian Convertible Bonds” triggers the downward adjustment provision for the conversion price again in the future, the board of directors will convene another meeting to decide whether to exercise the right to downwardly adjust the conversion price of the “Haitian Convertible Bonds.”