XZCE(SZ:002534) Zheng Quan Zhi Xing·2025-05-21 13:36Group 1 - The core point of the article is the adjustment of the conversion price of the "Xizi Convertible Bond" from 11.20 CNY/share to 11.00 CNY/share, effective from May 29, 2025 [1][7] - The company issued 11,100,000 convertible bonds on December 24, 2021, and the conversion price is subject to adjustments based on various corporate actions such as stock dividends and cash distributions [1][2] - The adjustment formula for the conversion price includes factors such as stock dividends, new share issuance, and cash dividends, ensuring that the conversion price reflects the company's equity changes [1][2] Group 2 - The company has a history of adjusting the conversion price, with previous adjustments including a reduction from 28.08 CNY/share to 27.89 CNY/share on May 20, 2022, and further reductions to 18.80 CNY/share on October 11, 2022, and to 18.70 CNY/share on June 15, 2023 [2][3][4] - The most recent adjustment prior to the current one was from 18.70 CNY/share to 18.60 CNY/share, effective from May 23, 2024, following a cash dividend distribution [4][5] - The upcoming adjustment to 11.00 CNY/share is part of the company's 2024 annual profit distribution plan, which was approved by the shareholders and will be implemented on May 29, 2025 [6][7]