Shang Hai Zheng Quan Bao·2025-05-29 20:17Core Viewpoint - The company, China Shipbuilding Industry Group Power Co., Ltd., has announced the suspension of the conversion of its convertible bonds "Dynamically Defined 02" during the implementation of the 2024 annual profit distribution plan, which includes a cash dividend distribution to shareholders [2][4]. Group 1: Rights Distribution Plan - The company will distribute a cash dividend of RMB 1.86 per 10 shares, totaling approximately RMB 419 million, based on a total share capital of 2,252,762,816 shares as of December 31, 2024 [4][5]. - The rights distribution plan was approved at the annual general meeting held on May 23, 2025 [5]. - The company plans to adjust the conversion price of the convertible bonds in accordance with the relevant regulations following the rights distribution [5]. Group 2: Suspension of Bond Conversion - The convertible bonds will be suspended from conversion starting from June 5, 2025, until the rights distribution registration date, which will be announced on June 6, 2025 [6]. - Holders of the convertible bonds must convert their bonds by June 4, 2025, to be eligible for the rights distribution [6]. Group 3: Contact Information - The company has provided contact details for its securities affairs department for any inquiries related to the announcement [7][8].