Xianhe(SH:603733) Zheng Quan Zhi Xing·2025-07-03 16:26Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bond "He 21 Convertible Bond" due to the implementation of the 2024 annual equity distribution, lowering the conversion price from 19.49 CNY/share to 18.99 CNY/share, effective from July 10, 2025 [1][5]. Group 1: Bond Details - The bond code for "He 21 Convertible Bond" is 113632, and the bond was issued on November 17, 2021, with a total issuance of 205 million bonds, amounting to 2.05 billion CNY, and a maturity period of 6 years [1][2]. - The previous conversion price before adjustment was 19.49 CNY/share, and the new conversion price after adjustment is 18.99 CNY/share [1][5]. Group 2: Adjustment Rationale - The adjustment of the conversion price is based on the company's profit distribution plan, which includes a cash dividend of 0.50 CNY/share for shareholders [4][5]. - The adjustment formula for the conversion price is specified in the bond's prospectus, which accounts for various scenarios such as stock dividends, capital increases, and cash dividends [4][5]. Group 3: Trading Suspension - The securities will be suspended from trading from July 3, 2025, to July 9, 2025, during the equity distribution registration period, and trading will resume on July 10, 2025 [5].