The Fengshan Group announced that from October 22, 2026 to November 11, 2026, the closing price of the company's stock was lower than 85% of the current share conversion price for at least 15 out of 30 consecutive trading days, triggering a downward revision of the “Fengshan Bonds” conversion price. The 20th meeting of the fourth board of directors of the company reviewed and approved it. The board of directors proposed a downward revision of the “Fengshan Convertible Bonds” conversion price. The matter still needs to be submitted to the company's shareholders' meeting for consideration, and must be approved by at least two-thirds of the voting rights of the shareholders attending the meeting before implementation.

The Fengshan Group announced that from October 22, 2026 to November 11, 2026, the closing price of the company's stock was lower than 85% of the current share conversion price for at least 15 out of 30 consecutive trading days, triggering a downward revision of the “Fengshan Bonds” conversion price. The 20th meeting of the fourth board of directors of the company reviewed and approved it. The board of directors proposed a downward revision of the “Fengshan Convertible Bonds” conversion price. The matter still needs to be submitted to the company's shareholders' meeting for consideration, and must be approved by at least two-thirds of the voting rights of the shareholders attending the meeting before implementation.