EASTERN SHENGHONG(SZ:000301) Shang Hai Zheng Quan Bao·2025-04-01 18:12Core Viewpoint - Jiangsu Dongfang Shenghong Co., Ltd. announced the conversion situation of its convertible bonds for the first quarter of 2025, detailing the bond issuance, conversion price adjustments, and the current status of the bonds [1][6]. Group 1: Convertible Bond Issuance Overview - The company issued 50 million convertible bonds on March 22, 2021, with a total amount of 500 million yuan and a term of 6 years [1]. - The initial conversion price was set at 14.20 yuan per share [2]. Group 2: Conversion Price Adjustments - The conversion price has been adjusted multiple times due to dividend distributions and asset purchases: - Adjusted from 14.20 yuan to 14.10 yuan on June 18, 2021 [3]. - Adjusted to 13.53 yuan on January 27, 2022, following the issuance of new shares [3]. - Further adjusted to 13.38 yuan on May 27, 2022, after the 2021 dividend distribution [3]. - Adjusted to 13.46 yuan on July 20, 2022, after additional share issuance [4]. - Adjusted to 13.41 yuan on December 28, 2022, following the issuance of Global Depositary Receipts [4]. - Adjusted to 13.31 yuan on May 22, 2023, after the 2022 dividend distribution [5]. - The current conversion price is 13.21 yuan, effective from June 7, 2024 [5]. Group 3: Conversion and Share Changes - In the first quarter of 2025, 139 bonds were converted, reducing the bond amount by 13,900 yuan and resulting in the conversion of 1,051 shares [6]. - As of March 31, 2025, there are 49,975,603 convertible bonds remaining, with a total remaining amount of 4,997,560,300 yuan [6].