烽火通信科技股份有限公司关于“烽火转债”到期兑付结果暨股份变动的公告

Core Viewpoint - The announcement details the maturity and repayment of the "Fenghuo Convertible Bonds," including the conversion results and the impact on the company's shareholding structure. Group 1: Convertible Bond Issuance and Maturity - The company issued 30,883,500 convertible bonds with a total value of RMB 308,835 million, each with a face value of RMB 100, approved by the China Securities Regulatory Commission on December 2, 2019 [2][11]. - The bonds were listed on the Shanghai Stock Exchange on December 25, 2019, and have a maturity period of six years [2][11]. Group 2: Conversion and Repayment Details - The repayment date for the bonds is set for December 2, 2025, with a total repayment amount of RMB 1,181,169,660, which corresponds to 11,143,110 bonds [5][7]. - As of December 1, 2025, a total of RMB 1,974,037,000 worth of bonds have been converted into 90,919,246 shares, representing 7.7643% of the total shares before conversion [4][12]. - The total amount of unconverted bonds stands at RMB 1,114,311,000, accounting for 36.0811% of the total issuance [4][12]. Group 3: Impact on Shareholding Structure - The conversion of bonds has led to an increase in the company's total share capital, with the controlling shareholder's stake diluted from 45.04% to 42.65% due to the bond conversion [10][12]. - This dilution does not involve any change in the number of shares held by the controlling shareholder and does not affect the company's governance structure or ongoing operations [10][14].