Gelonghui, December 23, 丨 Shenglan Co., Ltd. (300843.SZ) announced that as of December 23, 2022, the closing price of the company's stock for at least 15 trading days in any 30 consecutive trading days was lower than 85% of the current conversion price (that is, 19.82 yuan/share), which has triggered a downward revision clause for the “Shenglan Convertible Bonds” conversion price.

After deliberation and approval at the 5th meeting of the third board of directors of the company, the board of directors of the company decided not to revise the “Shenglan Convertible Bonds” conversion price downward this time. At the same time, within the next four months (that is, from December 26, 2022 to April 25, 2023), if the “Shenglan Convertible Bonds” conversion price downward amendment clause is triggered again, no downward amendment plan will be proposed. Starting from April 26, 2023, the company's board of directors will hold another meeting to decide whether to exercise the right to revise the “Shenglan Convertible Bonds” convertible price downward if the “Shenglan Convertible Bonds” conversion price is triggered again.