Menovo(SH:603538) Zheng Quan Zhi Xing·2025-06-20 10:45Core Viewpoint - The announcement details the adjustment of the conversion price for "Meinuo Convertible Bonds" due to the company's 2024 annual profit distribution plan, which includes a cash dividend of 0.05 yuan per share [1][2]. Summary by Sections 1. Convertible Bond Information - The "Meinuo Convertible Bonds" were issued on January 14, 2021, with a total value of 520 million yuan, consisting of 5.2 million bonds, each with a face value of 100 yuan, and a maturity of 6 years [1]. - The initial conversion price was set at 37.47 yuan per share, with the conversion period from July 20, 2021, to January 13, 2027 [2]. 2. Price Adjustment Basis - The adjustment of the conversion price is based on the company's decision made during the 2024 annual shareholders' meeting on May 8, 2025, to distribute a cash dividend of 0.05 yuan per share [2]. - The total share capital will be adjusted accordingly to maintain the distribution ratio despite changes due to convertible bond conversions, share buybacks, or other corporate actions [2]. 3. Conversion Price Adjustment Formula - The adjustment formula for the conversion price is defined in the prospectus, which states that if the company distributes stock dividends, issues new shares, or pays cash dividends, the conversion price will be adjusted accordingly [3][4]. - The specific formula for cash dividend adjustment is P1 = P0 - D, where P0 is the previous conversion price, and D is the cash dividend per share [4]. 4. Adjusted Conversion Price - The conversion price has been adjusted from 25.73 yuan per share to 25.68 yuan per share due to the cash dividend distribution [4]. - The new conversion price will take effect from June 25, 2025, after the suspension of conversion on June 17, 2025 [1][4].