Huitong Construction's 2025 Second Extraordinary General Meeting of Shareholders will consider the proposal to revise the conversion price of "Huitong Convertible Bonds".

Huitong Construction Group Co., Ltd. released the materials for the second extraordinary general meeting of shareholders in 2025. The meeting will be held on October 10th and will be conducted through a combination of on-site voting and online voting. The meeting will discuss the proposal from the board of directors to downwardly revise the conversion price of "Huitong Convertible Bonds". The "Huitong Convertible Bonds" were issued in December 2022, with an initial conversion price of 8.23 yuan per share, and the latest price being 8.07 yuan per share. From August 26th to September 15th, the company's stock has closed below 85% of the current conversion price for fifteen trading days, triggering the downward revision clause of the conversion price. The board of directors approved the proposal on September 15th, and if the shareholders' meeting passes it, the board will be authorized to handle the related matters.