Hongfa(SH:600885) Zheng Quan Zhi Xing·2025-07-01 16:08Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion of convertible bonds into common shares by Hongfa Technology Co., Ltd, highlighting the low conversion rate and the remaining unconverted bonds. Convertible Bond Issuance Overview - The company issued convertible bonds amounting to 2 billion yuan, which began trading on November 23, 2021, with an initial conversion price of 72.28 yuan per share [2]. - The conversion period for the bonds is from May 5, 2022, to October 27, 2027 [3]. Conversion Status - As of June 30, 2025, a total of 521,000 yuan worth of convertible bonds have been converted into 8,345 shares, representing 0.001% of the total shares before conversion [1][3]. - The amount of unconverted convertible bonds stands at 1,999,479,000 yuan, which is 99.9740% of the total issuance [1][3]. Share Capital Changes - The total share capital before the conversion was 1,042,676,326 shares. After the conversion and capital increase, the total share capital is now 1,459,746,940 shares [6]. - The company decided to increase capital by 0.4 shares for each share held, resulting in an increase of 417,070,554 shares [6]. Other Information - The company has provided contact information for investor inquiries, indicating a commitment to transparency [7].