Core Viewpoint - The company, Hubei Huitian New Materials Co., Ltd., has announced an adjustment to the conversion price of its convertible bonds, "Huitian Convertible Bonds," from 15.35 CNY per share to 15.20 CNY per share, effective from May 30, 2025, due to the implementation of the 2024 annual equity distribution plan [1][3]. Group 1 - The adjustment of the conversion price is based on the company's 2024 annual profit distribution plan, which includes a cash dividend of 1.50 CNY per 10 shares (tax included) to all shareholders [2][3]. - The conversion price adjustment formula is outlined in the company's prospectus, detailing how the price is calculated based on various scenarios of equity changes [1][2]. - The adjusted conversion price will take effect on the ex-dividend date, May 30, 2025 [3]. Group 2 - The company will publish the board resolution regarding the conversion price adjustment on the Shenzhen Stock Exchange and other compliant media, including details on the adjustment date and method [2]. - The company emphasizes that any future changes in share repurchase, mergers, or other events affecting shareholder equity will be handled fairly and in accordance with relevant laws and regulations [2].
回天新材: 关于调整“回天转债”转股价格的公告