Core Viewpoint - The announcement details the status of the convertible bonds issued by Guocheng Mining Co., Ltd., including the conversion price adjustments and the changes in the company's share capital due to the conversion of bonds into shares [1][2][3]. Group 1: Convertible Bond Issuance and Trading - The company issued 8,500,000 convertible bonds with a face value of RMB 100 each, totaling RMB 850 million, which began trading on August 10, 2020 [1]. - The initial conversion price was set at RMB 12.58 per share, with the conversion period running from January 21, 2021, to July 14, 2026 [1][2]. Group 2: Conversion Price Adjustments - The conversion price was adjusted from RMB 21.07 to RMB 21.06 per share on June 30, 2021, and further adjusted to RMB 21.23 on November 17, 2022, after the cancellation of 19,663,867 shares [2][3]. - As of July 31, 2023, the conversion price was adjusted to RMB 21.20 per share, and a proposal to further reduce it to RMB 12.60 was approved on July 8, 2024 [3]. Group 3: Share Capital Changes - As of March 31, 2025, the total share capital of the company was 1,125,396,942 shares, reflecting an increase of 317 shares due to the conversion of bonds [5]. - The company’s total share capital decreased from 1,137,299,314 shares to 1,117,635,447 shares following the cancellation of repurchased shares [3].
国城矿业: 2025年第一季度可转换公司债券转股情况暨股份变动公告