TONGWEI CO.,LTD(SH:600438) Shang Hai Zheng Quan Bao·2025-10-10 18:15Summary of Convertible Bond Conversion Results - As of September 30, 2025, a total of 168,700 units of "Tong 22 Convertible Bonds" have been converted into A-shares of Tongwei Co., Ltd, amounting to 16,870,000 CNY and resulting in 441,653 shares converted, which represents 0.00981% of the company's total issued shares before conversion [2][5] - The remaining unconverted "Tong 22 Convertible Bonds" amount to 11,983,130,000 CNY, accounting for 99.85942% of the total issuance [2][5] - In the third quarter of 2025, from July 1 to September 30, 1,300 units of "Tong 22 Convertible Bonds" were converted into A-shares, totaling 130,000 CNY and resulting in 3,745 shares converted [2][4] Overview of "Tong 22 Convertible Bonds" Issuance - The company issued 120 million units of convertible bonds on February 24, 2022, with a total value of 12 billion CNY, maturing on February 23, 2028, and a tiered interest rate starting from 0.20% in the first year to 2.00% in the sixth year [3] - The initial conversion price was set at 39.27 CNY per share, adjusted to 38.36 CNY on May 30, 2022, and further adjusted to 35.50 CNY on May 31, 2023, and to 34.60 CNY on June 14, 2024, due to annual profit distributions [3] Guarantee Provision Update - During the period from September 1 to September 30, 2025, the company and its subsidiaries provided mutual guarantees totaling 1.853 billion CNY, while the subsidiary Tongwei Agricultural Financing Guarantee Co., Ltd provided guarantees amounting to 195 million CNY for clients [7][8] - As of September 30, 2025, the total actual balance of mutual guarantees provided by the company and its subsidiaries was 43.822 billion CNY, with no overdue guarantees reported [9][16] - The company has authorized a guarantee limit of up to 120 billion CNY for mutual guarantees and 900 million CNY for client guarantees, which can be reused within the authorization period [12]