Zheng Quan Zhi Xing·2025-07-01 16:20Summary of Key Points Core Viewpoint - The company has issued convertible bonds named "绿动转债" with a total amount of 2.36 billion RMB, which are now available for conversion into shares, with specific adjustments to the conversion price over time [1][2]. Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission to publicly issue 23.60 million convertible bonds, each with a face value of 100 RMB, totaling 2.36 billion RMB [1]. - The bonds have a six-year term with varying interest rates, starting from 0.20% in the first year to 2.00% in the sixth year [1]. - The bonds began trading on the Shanghai Stock Exchange on March 23, 2022, under the code "113054" [1]. Conversion Details - The conversion period for "绿动转债" started on September 5, 2022, and will end on February 24, 2028 [2]. - The conversion price has been adjusted multiple times due to annual equity distributions, currently set at 9.35 RMB per share as of November 19, 2024 [2]. - As of June 30, 2025, a total of 127,000 RMB worth of bonds have been converted into 13,043 shares, representing 0.0009% of the company's total shares before conversion [2][3]. Share Capital Changes - The total share capital increased from 1,393,452,937 shares to 1,393,453,043 shares due to the conversion of bonds [3]. - The number of A-shares increased from 989,093,145 to 989,093,251 shares as a result of the conversion [3]. Unconverted Bonds Status - As of June 30, 2025, the amount of unconverted bonds stands at approximately 2.36 billion RMB, accounting for 99.9946% of the total issued convertible bonds [3].