GALAXY MICROELECTRONICS(SH:688689) Zheng Quan Zhi Xing·2025-06-03 11:23Core Viewpoint - The company, Changzhou Galaxy Century Microelectronics Co., Ltd., announced an adjustment to the conversion price of its convertible bonds "Yinwei Convertible Bonds" due to the 2024 annual equity distribution plan, which will take effect on June 10, 2025 [1][3][7]. Summary by Relevant Sections 1. Securities Suspension and Resumption - The "Yinwei Convertible Bonds" will be suspended from conversion from June 3, 2025, until the equity registration date on June 9, 2025, and will resume conversion on June 10, 2025 [1][2]. 2. Adjustment of Conversion Price - The conversion price before adjustment was 31.53 CNY per share, and after adjustment, it will be 31.30 CNY per share, effective from June 10, 2025 [3][7]. - The adjustment is based on the company's equity distribution plan, which includes cash dividends [5][6]. 3. Equity Distribution Plan - The company will distribute a cash dividend of 0.23 CNY per share (including tax) as part of the 2024 annual equity distribution plan [6][7]. - The total number of shares participating in the cash dividend distribution is adjusted to 128,903,167 shares, minus 1,732,884 shares held in the repurchase account [4][5]. 4. Conversion Price Adjustment Formula - The adjustment formula for the conversion price is outlined, indicating that the new price is calculated by subtracting the cash dividend from the previous conversion price [5][6][7]. - The specific formula used is P? = P? - D, where D is the cash dividend per share [7]. 5. Additional Information - Investors seeking more details about the "Yinwei Convertible Bonds" can refer to the company's prospectus published on June 30, 2022 [8].