Orinko(SH:688219) Zheng Quan Zhi Xing·2025-07-09 16:13Summary of Key Points Core Viewpoint - The announcement details the cumulative conversion of "Huitong Convertible Bonds" into shares of Huitong New Materials Co., Ltd., indicating significant shareholder engagement and the impact on the company's equity structure [1][4]. Convertible Bond Issuance Overview - The company issued 8,300,000 convertible bonds on December 6, 2022, totaling 830 million yuan, with a maturity of six years and a tiered interest rate starting from 0.30% in the first year to 3.00% in the sixth year [1][2]. Conversion Status - As of July 9, 2025, a total of 434,146,000 yuan (4,341,460 bonds) have been converted into 47,612,048 shares, representing 10.3666% of the company's total shares before conversion [1][4]. - The remaining unconverted bonds amount to 395,854,000 yuan, which is 47.6933% of the total issuance [1][4]. Share Capital Changes - The total share capital increased from 478,105,359 shares to 506,895,680 shares due to the conversion of bonds, with the number of unrestricted circulating shares rising accordingly [4]. Adjustment of Conversion Price - The initial conversion price of 9.33 yuan per share has been adjusted multiple times due to annual profit distribution, with the latest adjustment bringing it down to 9.06 yuan per share [2][3].