Wellhope(SH:603609) Zheng Quan Zhi Xing·2025-07-02 16:18Summary of Key Points Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Wellhope Foods Co., Ltd., highlighting the low conversion rate and the remaining unconverted bonds as of June 30, 2025 [1][4]. Group 1: Convertible Bond Issuance Overview - Wellhope Foods issued 15 million convertible bonds with a total value of 1.5 billion yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission on April 22, 2022 [1][2]. - The bonds have a maturity period of 6 years, from April 22, 2022, to April 21, 2028, with a tiered interest rate starting at 0.3% in the first year and increasing to 2.0% in the sixth year [1][2]. Group 2: Conversion Details - As of June 30, 2025, only 29,000 yuan worth of bonds were converted, resulting in 2,859 shares, which is 0.35% of the total shares before conversion [4]. - The total amount of unconverted bonds as of June 30, 2025, is 1,466,971,000 yuan, representing 97.80% of the total issued bonds [1][4]. Group 3: Adjustments to Conversion Price - The initial conversion price was set at 10.22 yuan per share, which has been adjusted multiple times due to stock repurchases and profit distributions, with the latest adjustment bringing it down to 10.09 yuan per share effective June 10, 2025 [2][3].