First(SH:603806) Shang Hai Zheng Quan Bao·2025-07-01 19:02Core Viewpoint - The announcement provides an update on the conversion results of the company's convertible bonds, indicating low conversion activity and significant amounts of unconverted bonds. Group 1: Convertible Bond Issuance and Listing - The company issued 30.30 billion yuan worth of convertible bonds on November 22, 2022, with a face value of 100 yuan per bond and a maturity period of six years [3] - The bonds were listed on the Shanghai Stock Exchange on December 22, 2022, under the name "福22转债" and code "113661" [4] Group 2: Conversion Status - As of June 30, 2025, a total of 115,000 yuan of "福22转债" has been converted into 2,828 shares, representing 0.00015% of the company's total shares before conversion [2][10] - During the quarter from April 1 to June 30, 2025, 4,000 yuan of "福22转债" was converted into 266 shares, accounting for 0.000014% of the total shares before conversion [2][10] - The amount of unconverted convertible bonds as of June 30, 2025, is 3,029,874,000 yuan, which constitutes 99.9962% of the total issuance [2][10] Group 3: Conversion Price Adjustments - The initial conversion price of "福22转债" was set at 65.07 yuan per share, adjusted to 46.37 yuan on May 26, 2023, and further adjusted to 32.94 yuan on June 24, 2024 [5][6] - Following a downward adjustment approved on March 17, 2025, the conversion price was set to 15.00 yuan per share, and subsequently adjusted to 14.74 yuan on June 24, 2025 [6][7] Group 4: Redemption Status - The company held bondholder meetings in September 2023 and October 2024, resulting in the redemption of 60 and 50 bonds, respectively, during the specified redemption periods [8][9]