Zheng Quan Zhi Xing·2025-07-09 16:13Core Points - The company announced an adjustment to the conversion price of its convertible bonds "长汽转债" from 39.61 CNY/share to 39.16 CNY/share, effective from July 16, 2025 [1][10] - The adjustment is due to the distribution of cash dividends of 0.45 CNY/share and the impact of stock options exercised and restricted stock repurchased [5][10] - The convertible bonds will be suspended from conversion from July 9, 2025, to July 15, 2025, and will resume conversion on July 16, 2025 [1][10] Summary of Related Regulations - The adjustment of the conversion price is governed by the company's prospectus, which outlines the formulas for adjusting the conversion price based on stock dividends, capital increases, and cash dividends [2][3] - The company will publish announcements regarding the adjustment of the conversion price on the Shanghai Stock Exchange and other designated media [3] Details of the Adjustment - The initial conversion price was set at 38.39 CNY/share when the bonds were issued on June 10, 2021, with a total issuance of 3.5 million bonds, amounting to 3.5 billion CNY [1] - The adjustment formula used for the conversion price is P1 = (P0 - D + A × k) / (1 + k), where P0 is the initial conversion price, D is the cash dividend per share, k is the rate of new shares issued, and A is the price of the new shares [10] - The company’s total share capital for the dividend distribution was adjusted to exclude shares held in the repurchase account, which did not participate in the profit distribution [9]