GATD(688239) Zheng Quan Zhi Xing·2025-05-26 10:13Core Points - The company has announced an adjustment to the conversion price of its convertible bonds due to a rights distribution, with the new conversion price set at RMB 24.97 per share, down from RMB 32.64 per share [3][5] - The adjustment will take effect on June 3, 2025, and the bonds will resume conversion from May 30, 2025 [5][6] Summary by Sections 1. Announcement of Convertible Bonds - The company will issue 6,670,000 convertible bonds, with an initial conversion price of RMB 32.64 per share, valid from February 27, 2025, until the maturity date on August 20, 2030 [1] 2. Basis for Conversion Price Adjustment - The adjustment is based on the company's profit distribution plan, which includes a cash dividend of RMB 2.20 per 10 shares and a capital reserve conversion of 3 shares for every 10 shares held [2] 3. Method of Conversion Price Adjustment - The formula for adjusting the conversion price is provided, taking into account cash dividends and stock bonuses [2][4] 4. Details of the Adjustment - The adjusted conversion price is calculated as follows: P1 = (P0 - D) / (1 + n), where P0 is the original price, D is the cash dividend per share, and n is the stock bonus rate [5] - The final adjusted conversion price is RMB 24.97 per share, effective from June 3, 2025 [5] 5. Other Information - Investors can find more details in the company's prospectus published on August 19, 2024 [6]