Core Viewpoint - Qingdao Senqilin Tire Co., Ltd. has announced the adjustment of the conversion price for its convertible bonds, reflecting changes in its stock and financial activities, including share repurchases and dividend distributions [1][5][7]. Convertible Bond Issuance Overview - The total amount of the convertible bonds issued by the company is RMB 2,198.9391 million [1]. - The bonds were listed on the Shenzhen Stock Exchange on December 6, 2021, under the name "Qilin Convertible Bonds" with the code "127050" [1]. Conversion Price Adjustment - The initial conversion price was set at RMB 34.85 per share, which was adjusted to RMB 28.52 per share on November 15, 2022, due to stock price conditions [2][3]. - Following a new issuance of shares at RMB 29.69 per share on August 30, 2023, the conversion price was further adjusted to RMB 28.67 per share [5]. - The conversion price was subsequently adjusted to RMB 28.66 per share on January 16, 2024, and then to RMB 19.95 per share on October 21, 2024, after the annual dividend distribution [6][7]. Share Capital Changes - As of March 31, 2025, the remaining balance of the convertible bonds is RMB 2,086,119,500, equivalent to 20,861,195 bonds [8]. - The total share capital of the company is 1,035,461,001 shares, with a slight increase of 55,359 shares during the reporting period [9]. Other Information - The company has provided contact information for investor inquiries and has made available additional documents related to the convertible bonds for further reference [10].
森麒麟: 关于2025年第一季度可转换公司债券转股情况的公告