Titan Group: No Early Redemption of "Titan Convertible Bonds"

Titan Shares announced on the evening of August 10th that from July 21st to August 8th, the company's stock has had 15 trading days with a closing price not lower than 130% of the conversion price of the "Titan Convertible Bonds" at 13.27 yuan per share, which is 17.25 yuan per share, triggering the conditional redemption clause of the "Titan Convertible Bonds". The company held a board meeting on August 8th, and approved the relevant resolution that the company will not exercise its early redemption right within 6 months after the approval of this board meeting.