SOLEX(SH:603992) Shang Hai Zheng Quan Bao·2025-04-01 18:11Summary of Key Points Core Viewpoint - The announcement details the conversion of convertible bonds into shares by Xiamen Songlin Technology Co., Ltd., highlighting the amounts converted and the impact on shareholding structure. Group 1: Convertible Bond Issuance and Conversion - As of March 31, 2025, a total of 372,050,000 yuan of "Songlin Convertible Bonds" has been converted into 23,741,425 shares, representing 5.9204% of the company's total shares before conversion [1][6]. - The total amount of unconverted convertible bonds as of March 31, 2025, is 237,945,000 yuan, accounting for 39.0074% of the total issuance [1][7]. - For the first quarter of 2025, the conversion amount of "Songlin Convertible Bonds" is 69,462,000 yuan, resulting in the issuance of 4,432,673 shares [1][6]. Group 2: Convertible Bond Details - The company issued 6.1 million convertible bonds on July 20, 2022, with a total value of 61 million yuan and a maturity of 6 years, with a tiered interest rate structure [2]. - The conversion price for the bonds was initially set at 16.58 yuan per share, adjusted to 16.38 yuan and then to 16.13 yuan due to profit distribution [3][4]. Group 3: Shareholding Structure Changes - The conversion of convertible bonds and the granting of restricted stock options have led to a passive dilution of the controlling shareholder's stake from 75.06% to 74.09%, a change of 0.97% [10][12]. - The changes in shareholding do not affect the control of the company or its governance structure [11][14].