Kinwong(SH:603228) Shang Hai Zheng Quan Bao·2025-07-01 20:58Core Viewpoint - The announcement provides an update on the conversion results of the "Jing 23 Convertible Bonds" and the changes in the company's shareholding structure as of June 30, 2025 [1] Group 1: Conversion Status - As of June 30, 2025, a total of RMB 53,771,000 of "Jing 23 Convertible Bonds" has been converted into A-shares, resulting in 2,234,660 shares, which represents 0.2654% of the total shares before conversion [2][6] - The remaining balance of unconverted "Jing 23 Convertible Bonds" is RMB 1,100,229,000, accounting for 95.34% of the total issuance [2][6] Group 2: Issuance and Trading Information - The "Jing 23 Convertible Bonds" were issued on April 4, 2023, with a total of 11.54 million bonds at a face value of RMB 100 each, raising a total of RMB 115,400,000, with a maturity of 6 years [3] - The bonds were listed for trading on May 9, 2023, and can be converted into A-shares starting from October 11, 2023, with an initial conversion price of RMB 25.71 per share, which has been adjusted to RMB 23.91 per share as of the latest update [3][4] Group 3: Shareholding Changes - From April 1 to June 30, 2025, the controlling shareholder and its concerted parties reduced their holdings by 18,946,300 shares, decreasing their ownership from 62.96% to 60.82% [6]