Baichuan Changyin: It is expected to trigger the condition for the downward adjustment of Baichang convertible bond's conversion price.

Baichuan Changyin announced that from August 5, 2026, to August 18, 2026, the closing price of the company's stock has been below 85% of the current conversion price of the Baichang Convertible Bonds at 20.40 yuan/share, which is 17.34 yuan/share, for 10 trading days. If the company's stock closing price continues to remain below 85% of the current conversion price, it is expected to trigger the conditions for a downward adjustment of the conversion price of Baichang Convertible Bonds. If this condition is triggered, the company will convene a board meeting on the day of the trigger to decide whether to adjust the conversion price and will timely fulfill its information disclosure obligations.