According to the Zhitong Finance App, Great Wall Motor (02333) issued an announcement. From April 28, 2024 to May 22, 2024, the closing price of the company's A-share stock has been lower than 85% of the current share conversion price for at least 15 out of 30 consecutive trading days, which has triggered a downward revision clause for the “Changqi Convertible Bonds” share conversion price.
After deliberation and approval at the 16th meeting of the 8th board of directors of the company, the board of directors of the company decided not to exercise the right to revise the “Changqi Convertible Bonds” conversion price downward, and that within the next 6 months (that is, May 23, 2024 to November 22, 2024), if the terms of downward revision of the conversion price of convertible bonds are triggered again, it will not propose a downward correction plan. After this period (recalculated from November 23, 2024), if the downward revision clause of the “Changqi Convertible Bonds” is triggered again, the board of directors of the company will meet again at that time to decide whether to exercise the right to lower the conversion price of “Changqi Convertible Bonds”.