LME(SH:688589) Shang Hai Zheng Quan Bao·2025-04-01 18:11Core Viewpoint - The announcement provides updates on the conversion of the company's convertible bonds, detailing the amount converted and the remaining unconverted bonds, as well as adjustments to the conversion price due to various corporate actions [2][3][5]. Group 1: Convertible Bond Conversion Status - As of March 31, 2025, a total of 32,000 yuan of "Lihe Convertible Bonds" have been converted into company shares, resulting in 872 shares, which is 0.0009% of the total shares before conversion [2][6]. - The amount of unconverted "Lihe Convertible Bonds" as of March 31, 2025, is 379,968,000 yuan, accounting for 99.9916% of the total issuance [2][6]. - During the first quarter of 2025, from January 1 to March 31, 12,000 yuan of "Lihe Convertible Bonds" were converted into 404 shares, representing 0.0004% of the total shares before conversion [2][6]. Group 2: Convertible Bond Issuance Overview - The company issued 3.8 million convertible bonds on June 28, 2023, with a total value of 38 million yuan, and the bonds are set to mature on June 27, 2029 [3]. - The initial conversion price was set at 43.78 yuan per share, which was adjusted to 43.72 yuan on October 9, 2023, following the completion of a stock incentive plan [3][4]. - The conversion price will further adjust to 36.15 yuan on May 23, 2024, and to 36.08 yuan on December 2, 2024, due to additional stock incentive plan completions [4]. Group 3: Share Buyback Progress - The company approved a share buyback plan on October 18, 2024, with a total budget between 10 million and 20 million yuan, and a maximum buyback price of 39.00 yuan per share [11]. - As of March 31, 2025, the company has repurchased 358,225 shares, which is 0.30% of the total share capital, with a total expenditure of 942.35 million yuan [12].