Mingxin Xuteng Cuts Convertible Bond Conversion Price to 20.15 Yuan Per Share

Mingxin Xuteng said on September 14 that it will lower the conversion price of its Mingxin convertible bond to 20.15 yuan per share from 24.37 yuan per share, effective September 16, after the stock closed below 85% of the current conversion price for 15 trading days between July 30, 2026 and August 27, 2026. The company said the adjustment was approved at the 18th meeting of its fourth board of directors on September 14, according to Jiemian News. The Mingxin convertible bond will stop conversion on September 15 and resume on September 16.