Tonhe Technology Expects Possible Trigger for Downward Revision of Convertible Bond Conversion Price

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Tonhe Technology announced on July 30 that the closing price of its stock has been below 85% of the current conversion price, which is 28.2 yuan per share, for ten trading days from July 17 to July 30, and it is expected that the downward revision clause for the conversion price may be triggered.

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