The Sail Cable revised the conversion price of the Sail Convertible Bonds downwards, effective September 11th.

Shanghai Qifan Cable Co., Ltd. announced that the conversion price of "Qifan Convertible Bonds" will be revised downwards. The price before revision was 19.55 yuan per share, and after revision it will be 17.35 yuan per share, with implementation date set for September 11, 2025. "Qifan Convertible Bonds" were suspended for trading on September 10 and resumed trading on September 11. The convertible bonds were issued for listing in 2021, with an initial conversion price of 20.53 yuan per share. The conversion price has been adjusted multiple times due to the company's implementation of incentive plans and profit distribution. From August 1 to 21, 2025, the company's stock triggered a downward adjustment clause in the conversion price, and after consideration by the board of directors and shareholders' meeting, it was decided to make this revision.