QiaoYin(SZ:002973) Zheng Quan Zhi Xing·2025-07-14 16:25Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of its 2024 annual equity distribution plan, resulting in a new conversion price of 17.90 yuan per share, effective from July 23, 2025 [1][3]. Group 1: Conversion Price Adjustment Basis - The company issued 4.2 million convertible bonds with a total value of 420 million yuan on November 17, 2020, with an initial conversion price of 18.00 yuan per share [1]. - The adjustment formula for the conversion price is based on various corporate actions such as cash dividends, stock distributions, and capital increases [1][2]. Group 2: Reasons and Results of Adjustment - The company plans to distribute a cash dividend of 1.00 yuan per share to all shareholders, totaling 40,866,556.30 yuan (including tax), based on a total share capital of 408,665,563 shares as of April 18, 2025 [2]. - The conversion price is adjusted from 18.00 yuan to 17.90 yuan per share due to the cash dividend distribution, effective from the ex-dividend date of July 23, 2025 [3].