JINHONG GAS(SH:688106) Zheng Quan Zhi Xing·2025-05-11 09:25Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual equity distribution, with the new conversion price set at 18.97 CNY per share, effective from May 16, 2025 [1][5]. Summary by Sections 1. Securities Suspension and Resumption - The company's convertible bonds will be suspended from conversion from May 9, 2025, until the equity distribution registration date on May 15, 2025, and will resume conversion on May 16, 2025 [1]. 2. Adjustment of Conversion Price - The conversion price before adjustment was 19.07 CNY per share, which will be adjusted to 18.97 CNY per share [1][5]. - The adjustment is based on regulations from the China Securities Regulatory Commission and the company's prospectus [2][4]. 3. Annual Profit Distribution Plan - The company plans to distribute a cash dividend of 1.00 CNY (including tax) for every 10 shares held, based on a total share capital of 481,977,235 shares as of December 31, 2024, resulting in a total cash dividend of approximately 47.73 million CNY [3][5]. - The actual participating share capital for the distribution is 477,147,395 shares after accounting for shares in the repurchase account [5]. 4. Conversion Price Adjustment Formula - The adjustment formula for the conversion price is provided, detailing how various factors such as stock dividends, capital increases, and cash dividends affect the conversion price [4]. - The specific adjustment for the cash dividend was calculated as follows: P1 = P0 - D = 19.07 - 0.0990 = 18.97 CNY per share [5]. 5. Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus published on July 13, 2023 [6].