Muyuan Foods (SZ:002714) Zheng Quan Zhi Xing·2025-07-01 16:20Core Viewpoint - The announcement details the conversion of the company's convertible bonds and the adjustments to the conversion price, reflecting the company's ongoing financial activities and shareholder distributions. Group 1: Convertible Bond Issuance - The company has issued 95.5 million convertible bonds with a total value of 955 million RMB, approved by the China Securities Regulatory Commission [1] - The initial conversion price was set at 47.91 RMB per share, effective from the issuance date [2] Group 2: Conversion Price Adjustments - The conversion price was adjusted to 47.71 RMB per share on March 25, 2022, following the issuance of restricted stock [3] - Further adjustments were made to 47.46 RMB on June 9, 2022, due to a cash dividend distribution [3] - The conversion price was subsequently adjusted to 47.27 RMB on April 18, 2023, and to 47.28 RMB on July 4, 2023, following stock repurchases [5][6] - The latest adjustment set the conversion price at 45.18 RMB effective from June 26, 2025, after the annual profit distribution [9] Group 3: Share Capital Changes - As of June 30, 2025, the remaining convertible bonds amounted to 95,431,563, with a total value of 9.54 billion RMB [9] - The company's total share capital increased from 5,262,387,699 shares to 5,322,072,890 shares due to the issuance of restricted stock [3]