TYN(SZ:000591) Zheng Quan Zhi Xing·2025-07-03 16:27Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds "Tai Neng Convertible Bonds" due to the implementation of the 2024 annual profit distribution plan, resulting in a new conversion price of 5.61 CNY per share, down from 5.67 CNY per share [1][3]. Group 1: Convertible Bond Issuance - The company issued 29,500,000 convertible bonds with a face value of 100 CNY each, totaling 2.95 billion CNY, with a maturity period from March 28, 2025, to March 27, 2031 [1]. - The conversion period for the bonds is set from October 9, 2025, to March 27, 2031 [1]. Group 2: Adjustment of Conversion Price - The adjustment of the conversion price is based on the company's profit distribution plan, which includes a cash dividend of 0.559889 CNY per 10 shares, with no stock dividends or capital increases [2][3]. - The new conversion price is calculated as follows: P1 = P0 - D = 5.67 - 0.0559889 ≈ 5.61 CNY per share, effective from July 11, 2025 [3]. Group 3: Other Matters - The company confirmed that the convertible bonds have not yet entered the conversion period, thus there is no need to suspend the conversion during the 2024 annual profit distribution [3].