XJJW(SH:600888) Zheng Quan Zhi Xing·2025-06-05 11:15Core Viewpoint - The announcement details the adjustment of the conversion price for the "Zhonghe Convertible Bond" due to the 2024 profit distribution plan, with the new conversion price set at 6.65 CNY per share starting from June 12, 2025 [1][4]. Group 1: Bond Information - The company issued 13,750,000 convertible bonds with a total face value of 1.375 billion CNY, with a maturity of 6 years and a tiered interest rate starting from 0.2% in the first year to 2.0% in the sixth year [2]. - The conversion period for the bonds is from January 24, 2024, to July 17, 2029 [2]. - The initial conversion price was set at 8.20 CNY per share, which was later adjusted to 7.04 CNY per share [2]. Group 2: Price Adjustment Details - The conversion price was adjusted from 7.04 CNY to 6.92 CNY per share due to the 2023 profit distribution, effective from May 31, 2024 [3]. - The final adjustment of the conversion price to 6.65 CNY per share is based on a cash dividend distribution of 0.27 CNY per share, effective from June 12, 2025 [4]. - The adjustment formula for the conversion price considers various factors such as stock dividends, capital increases, and cash dividends [3]. Group 3: Trading Suspension - The convertible bonds will be suspended from conversion from June 5, 2025, until the equity registration date on June 11, 2025, and will resume conversion on June 12, 2025 [1][4].