Zhejiang Yonghe Refrigerant (SH:605020) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-06 00:27Core Viewpoint - The announcement details the adjustment of the conversion price for the "Yonghe Convertible Bonds" due to the implementation of the 2024 annual profit distribution plan, which includes a cash dividend of RMB 0.25 per share [3][4][12]. Group 1: Convertible Bond Details - The company issued 8 million convertible bonds with a total value of RMB 80 million, which began trading on November 1, 2022 [2]. - The initial conversion price was set at RMB 33.64 per share, which was adjusted to RMB 19.93 per share prior to the current adjustment [2][4]. - The new conversion price after adjustment is RMB 19.68 per share, effective from June 13, 2025 [4][6]. Group 2: Profit Distribution Plan - The 2024 annual profit distribution plan was approved at the shareholders' meeting on May 16, 2025, allowing a cash dividend of RMB 0.25 per share [10][12]. - The total number of shares eligible for the dividend is 469,627,588 shares, resulting in a total cash dividend payout of approximately RMB 117.41 million [12]. - The record date for the dividend is June 12, 2025, and the ex-dividend date is June 13, 2025 [3][12]. Group 3: Adjustment Formula - The adjustment of the conversion price follows a specific formula that accounts for cash dividends, with the formula being P1 = P0 - D, where D is the cash dividend [5][6]. - The adjustment ensures compliance with the terms outlined in the bond issuance prospectus [3][5].