KDL(SZ:002850) Sou Hu Cai Jing·2025-10-09 23:35Core Viewpoint - The announcement details the conversion of the company's convertible bonds and the resulting changes in its share capital structure, including adjustments to the conversion price due to various corporate actions [2][5][11]. Group 1: Convertible Bond Issuance - The company issued 15,343,705 convertible bonds on July 8, 2022, with a total fundraising amount of RMB 153,437.05 million, netting RMB 151,510.44 million after expenses [2]. - The bonds were listed on the Shenzhen Stock Exchange on August 3, 2022, under the name "科利转债" and code "127066" [3]. Group 2: Conversion Period and Price Adjustments - The conversion period for the bonds started on January 16, 2023, and will end on July 7, 2028 [4]. - The initial conversion price was set at RMB 159.35 per share, which has been adjusted multiple times due to stock options and dividend distributions [5][6][7][8][10]. Group 3: Conversion and Share Capital Changes - In the third quarter of 2025, 354 bonds were converted, resulting in the issuance of 233 shares, with a remaining convertible bond amount of RMB 1,534,186,800 [11]. - The total share capital increased by 265,840 shares during this period, primarily due to stock option exercises and the conversion of bonds [12].