江西宏柏新材料股份有限公司关于可转债转股结果暨股份变动公告

Core Viewpoint - The announcement provides an update on the conversion results of the convertible bonds issued by Jiangxi Hongbai New Materials Co., Ltd., detailing the amounts converted and remaining, as well as adjustments to the conversion price over time [2][3][6]. Group 1: Convertible Bond Conversion Status - As of September 30, 2025, a total of RMB 239,617,000 worth of "Hongbai Convertible Bonds" has been converted, resulting in 43,932,071 shares, which is 7.2150% of the company's total shares before conversion [2][6]. - The amount of "Hongbai Convertible Bonds" that has not been converted as of September 30, 2025, is RMB 720,383,000, accounting for 75.0399% of the total issuance [2][6]. - In the third quarter of 2025, from July 1 to September 30, RMB 97,253,000 worth of bonds were converted, resulting in 17,811,223 shares [2][6]. Group 2: Issuance and Terms of Convertible Bonds - The company issued 9.6 million convertible bonds on April 17, 2024, with a total value of RMB 96,000,000, and a maturity period of six years [3]. - The initial conversion price was set at RMB 7.51 per share, which has been adjusted multiple times, with the current conversion price at RMB 5.45 per share [3][4][5]. - The bond's coupon rates increase progressively from 0.20% in the first year to 2.50% in the sixth year [3]. Group 3: Share Capital Changes - The company repurchased and canceled 2,685,155 shares of restricted stock on April 28, 2025, due to performance issues and employee departures [7].