Guangdong Fangyuan New Materials (SH:688148) Shang Hai Zheng Quan Bao·2025-10-09 18:55Core Viewpoint - The announcement details the conversion status of the convertible bonds issued by Guangdong Fangyuan New Materials Group Co., Ltd., highlighting the low conversion rate and the remaining unconverted bonds as of September 30, 2025 [2][6]. Convertible Bond Issuance and Status - The company issued 6,420,000 convertible bonds with a total fundraising of RMB 64,200 million, with a maturity period from September 23, 2022, to September 22, 2028 [3]. - The initial conversion price was set at RMB 18.62 per share, which was adjusted to RMB 18.63 following the repurchase and cancellation of certain restricted shares [4]. Conversion Details - As of September 30, 2025, only RMB 24.30 million worth of bonds had been converted into 13,039 shares, representing 0.00255% of the total shares before conversion [2][6]. - The total amount of unconverted bonds stood at RMB 64,175.70 million, accounting for 99.96215% of the total issuance [2][6]. - No bonds were converted during the quarter from July 1, 2025, to September 30, 2025, with a conversion quantity of 0 shares [5]. Share Repurchase and Reduction Plan - The company repurchased 3,320,000 shares from February 23, 2024, to May 22, 2024, which is 0.65% of the total share capital, to maintain company value and shareholder rights [10]. - As of September 30, 2025, the company had sold 1,440,000 repurchased shares, representing 0.28% of the total share capital, leaving 22,337,702 shares in the repurchase account, which is 4.38% of the total share capital [12].