Treasure Island: The conversion price of the exchangeable corporate bonds owned by the controlling shareholder will be reduced.

Treasure Island announced that the company has received a notice from its controlling shareholder, Chuangda Group, stating that the conversion price of its first convertible bond due in 2023, "23 Chuang01EB", will be adjusted. The bond has an issue size of 910 million yuan and a term of 3 years. Due to the fact that from November 14, 2025 to December 25, 2025, the closing price of the underlying stock has been lower than 10 yuan per share for 10 trading days out of 30 consecutive trading days during the conversion period, triggering the automatic downward adjustment clause of the conversion price. The conversion price will be automatically adjusted from 10.50 yuan per share to 8.80 yuan per share, effective on December 30, 2025. After the adjustment, the number of shares reserved for exchange still satisfies all the requirements for conversion.