LMGF(SZ:002734) Zheng Quan Zhi Xing·2025-04-01 04:06Core Viewpoint - The announcement details the conversion of the company's convertible bonds and the resulting changes in share capital, highlighting the bond's issuance, conversion price adjustments, and the impact on the company's share structure [1][2][3][4][5][6] Group 1: Convertible Bond Issuance - The company issued convertible bonds totaling RMB 980 million, with a face value of RMB 100 per bond, and a maturity of 6 years [1][2] - The bonds were approved by the China Securities Regulatory Commission and began trading on March 24, 2021 [2] Group 2: Conversion Price Adjustments - The initial conversion price was set at RMB 14.23 per share, which was later adjusted to RMB 13.98 per share on June 2, 2021, following a profit distribution [2] - Subsequent adjustments were made, reducing the conversion price to RMB 11.20 per share on May 24, 2022, and further to RMB 10.95 per share on June 16, 2023 [3][4] - The latest adjustment set the conversion price at RMB 10.75 per share, effective from June 12, 2024, and was further reduced to RMB 8.50 per share on July 19, 2024 [5][6] Group 3: Share Capital Changes - As of the end of Q1 2025, the total amount of convertible bonds reduced was RMB 95.16 million, leaving a remaining bond amount of RMB 884.09 million [6] - The company's share capital structure showed a decrease in restricted shares and an increase in unrestricted shares, with total shares increasing from 366,870,475 to 368,428,455 [6]