Menovo has decided not to lower the conversion price of the "Menovo Convertible Bonds" this time

On October 17, 2025, Ningbo Menovo Pharmaceutical Co., Ltd. announced that as of that date, the company's stock had triggered the downward adjustment clause for the "Menovo Convertible Bonds," which states that at least 15 out of any consecutive 30 trading days must have a closing price below 90% of the current conversion price. On the same day, the company held the 17th meeting of the fifth board of directors and decided not to adjust the conversion price downward this time. The next period for triggering the conversion price adjustment clause will restart from October 20, 2025. If triggered again, the board of directors will decide whether to exercise the right to adjust downward. The "Menovo Convertible Bonds" were issued in January 2021, with an initial conversion price of 37.47 yuan/share, which has been adjusted multiple times due to equity distribution and other factors. Investors should be aware of investment risks