Changshu Bank(SH:601128) Shang Hai Zheng Quan Bao·2025-09-01 20:47Core Viewpoint - Jiangsu Changshu Rural Commercial Bank Co., Ltd. announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2025 interim profit distribution plan, which includes a cash dividend distribution to shareholders [1][3][5]. Summary by Sections Convertible Bond Issuance - The bank issued 6 billion RMB of convertible bonds on September 15, 2022, with an initial conversion price of 8.08 RMB per share [2]. Adjustment Basis for Conversion Price - The adjustment to the conversion price is based on the bank's decision to distribute cash dividends of 1.50 RMB per 10 shares to shareholders, approved during the second extraordinary general meeting on June 30, 2025 [3][4]. Conversion Price Adjustment Formula and Results - The conversion price adjustment formula is defined as P1 = P0 - D, where P0 is the pre-adjustment price, D is the cash dividend per share, and P1 is the post-adjustment price [4]. - The conversion price will be adjusted from 6.04 RMB per share to 5.89 RMB per share, effective from September 8, 2025 [5][6]. Dividend Distribution Details - The total cash dividend distribution amounts to approximately 497.48 million RMB, based on a total share capital of 3,316,514,387 shares, with each share receiving a cash dividend of 0.15 RMB [10].