RONGSHEGN ENVIRONMENTAL(SH:603165) Zheng Quan Zhi Xing·2025-04-01 08:24Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion of the "Rong 23 Convertible Bonds" issued by Zhejiang Rongsheng Environmental Paper Co., Ltd, detailing the conversion status and adjustments to the conversion price. Group 1: Convertible Bond Issuance and Conversion Status - As of March 31, 2025, a total of RMB 47,000 of "Rong 23 Convertible Bonds" has been converted into 4,008 shares, representing 0.0014% of the company's total shares before conversion [1] - The amount of unconverted "Rong 23 Convertible Bonds" as of March 31, 2025, is RMB 575,953,000, accounting for 99.9918% of the total issuance [1] - From January 1, 2025, to March 31, 2025, a total of 86 shares were converted from the "Rong 23 Convertible Bonds" [1] Group 2: Details of Convertible Bond Issuance - The company was approved to issue 5.76 million "Rong 23 Convertible Bonds" on August 18, 2023, with a total value of RMB 57.6 million and a maturity of 6 years [2] - The initial conversion price for the bonds was set at RMB 15.74 per share starting from February 26, 2024 [2] - The conversion price was adjusted to RMB 12.06 per share on May 10, 2024, due to the company's profit distribution [3] - Following the cancellation of repurchased shares, the conversion price was further adjusted to RMB 11.59 per share on October 29, 2024 [4] Group 3: Share Capital Changes - The total share capital before the conversion on December 31, 2024, was 272,612,842 shares, which increased to 272,612,928 shares after the conversion [5]