Gelonghui September 25, Suzhou Koda (603660.SH) announced that as of September 25, 2023, the company's stock price had closed lower than 85% of the current conversion price on at least 15 of any 30 consecutive trading days, touching the downward amendment of the "Koda convertible bond" conversion price.
After deliberation and approval at the 20th meeting of the fourth session of the board of directors of the company, the board of directors of the company decided not to exercise the right of downward revision of the conversion price of "Koda convertible bonds" this time, and within the next month (September 26, 2023 to October 25, 2023), if the downward amendment clause of the convertible bond-to-equity price is touched again, no downward amendment plan will be proposed. Starting from October 26, 2023, if the downward amendment of the conversion price of "Koda convertible bond" is triggered again, the board of directors of the company will meet again to decide whether to exercise the downward amendment right of the conversion price of "Koda convertible bond".