Zheng Quan Zhi Xing·2025-06-10 09:30Group 1 - The report discusses the temporary management of the convertible bonds issued by Zhejiang New Zhonggang Thermal Power Co., Ltd., including the adjustment of the conversion price for the "Xingang Convertible Bonds" [1][2] - The total issuance amount of the convertible bonds is RMB 369.135 million, with a face value of RMB 100 per bond, and the bonds have a term of six years from March 8, 2023, to March 7, 2029 [2][4] - The initial conversion price is set at RMB 9.18 per share, which is subject to adjustments based on various corporate actions such as stock dividends and cash distributions [2][4][6] Group 2 - The conversion price has been adjusted from RMB 8.85 per share to RMB 8.67 per share due to the company's profit distribution for the year 2024, effective from June 12, 2025 [5][6] - The bondholders will have the option to convert their bonds into shares starting from September 14, 2023, until the maturity date, with the conversion process temporarily suspended during the rights registration period [2][6] - The report emphasizes that the rights distribution and conversion price adjustments comply with legal regulations and do not adversely affect the company's operational and debt repayment capabilities [6][7]