ADD(SH:603089) Zheng Quan Zhi Xing·2025-06-11 09:22Summary of Key Points Core Viewpoint - The announcement details the cumulative conversion of "Zhengyu Convertible Bonds" into company shares, indicating a significant portion of the bonds has been converted, impacting the company's share structure and shareholder equity. Group 1: Cumulative Conversion Status - As of June 10, 2025, a total of RMB 216,888,000 of "Zhengyu Convertible Bonds" has been converted into company shares, resulting in 22,583,479 shares, which accounts for 10.8155% of the total shares before conversion [1][2][5] - The remaining unconverted "Zhengyu Convertible Bonds" amount to RMB 73,112,000, representing 25.2110% of the total issuance [1][5] Group 2: Convertible Bond Issuance Overview - The company issued 2.9 million convertible bonds on December 31, 2019, with a total value of RMB 290 million, maturing in six years [2] - The coupon rates for the bonds are structured to increase annually, starting from 0.5% in the first year to 2.5% in the sixth year [2] Group 3: Conversion Price and Dates - The bonds became convertible into shares starting July 7, 2020, with an initial conversion price of RMB 14.21 per share, which has since been adjusted to RMB 8.40 per share [2][4] - The conversion price was further adjusted to RMB 8.50 per share effective August 23, 2024, following a board resolution [4] Group 4: Share Capital Changes - The total share capital increased from 223,738,756 shares to 231,390,004 shares due to the conversion of bonds [5] - The ownership percentages of major shareholders have slightly decreased post-conversion, with the largest shareholder's stake dropping from 7.42% to 7.14% [5]