SUNOREN(SH:603105) Zheng Quan Zhi Xing·2025-07-01 16:11Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion status of the "芯能转债" (Xineng Convertible Bonds) issued by Zhejiang Xineng Photovoltaic Technology Co., Ltd, highlighting the limited conversion activity and the current status of the bonds as of June 30, 2025 [1][3]. Group 1: Conversion Status - As of June 30, 2025, a total of RMB 85,000 of "芯能转债" has been converted into A-shares of the company, resulting in 6,519 shares being issued, which represents 0.0013% of the total shares outstanding before conversion [1][3]. - During the period from April 1, 2025, to June 30, 2025, only RMB 1,000 of "芯能转债" was converted, resulting in the issuance of 78 shares [1][3]. - The amount of "芯能转债" that has not yet been converted stands at RMB 879,915,000, accounting for 99.9903% of the total issuance [1][3]. Group 2: Bond Issuance Overview - The "芯能转债" was approved for issuance by the China Securities Regulatory Commission and is set to be listed on the Shanghai Stock Exchange starting November 24, 2023, with a total issuance amount of RMB 880 million [1]. - The initial conversion price for the bonds was set at RMB 13.10 per share, which was adjusted to RMB 12.95 on May 17, 2024, and further adjusted to RMB 12.75 on May 30, 2025, due to annual profit distribution [2]. Group 3: Share Capital Changes - The company's total share capital increased from 500,006,441 shares to 500,006,519 shares due to the conversion of the bonds during the second quarter of 2025 [3].