Hongfa(SH:600885) Zheng Quan Zhi Xing·2025-06-10 11:37Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual profit distribution plan, resulting in a decrease from 32.32 CNY per share to 22.72 CNY per share, effective from June 19, 2025 [1][4]. Summary by Sections Bond Information - The company issued 20 million convertible bonds with a total value of 200 million CNY on October 28, 2021, with an initial conversion price of 72.28 CNY per share [1]. - The latest conversion price before the adjustment was 32.32 CNY per share [1]. Profit Distribution Plan - The company plans to distribute a total cash dividend of 536,978,215.19 CNY (including tax) based on a total share capital of 1,042,676,146 shares as of December 31, 2024 [2]. - Each share will receive a cash dividend of 0.51500 CNY (including tax) and a capital reserve transfer of 0.4 shares [3]. Conversion Price Adjustment - The conversion price adjustment is based on the profit distribution and capital reserve transfer plan approved at the 2024 annual shareholders' meeting [2]. - The adjustment formula for the conversion price is defined in the company's convertible bond prospectus, taking into account cash dividends and capital increases [4]. - The new conversion price of 22.72 CNY per share was calculated using the formula, effective from June 19, 2025 [4]. Trading Suspension - The convertible bonds will be suspended from conversion from June 10, 2025, until June 18, 2025, and will resume conversion on June 19, 2025 [5].