DFP(SH:601515) Shang Hai Zheng Quan Bao·2025-12-24 19:00Core Viewpoint - The announcement details the maturity and repayment results of the "Dongfeng Convertible Bonds" issued by Quzhou Dongfeng New Materials Group Co., Ltd, including the conversion of bonds into shares and the impact on the company's capital structure [1][3][8]. Group 1: Convertible Bond Issuance and Terms - The company issued 2,953,280 convertible bonds with a total value of RMB 29,532.80 million, with a maturity of six years from December 24, 2019, to December 23, 2025 [2]. - The coupon rates for the bonds are structured to increase from 0.40% in the first year to 2.00% in the sixth year [2]. Group 2: Maturity and Repayment Details - The repayment date for the bonds is set for December 24, 2025, with a total repayment amount of RMB 112 per bond, including the final interest [3][4]. - The total number of bonds to be repaid is 15,600, amounting to RMB 1,747,200.00 [7]. Group 3: Conversion and Impact on Share Capital - As of December 23, 2025, a total of RMB 293,768,000 worth of bonds have been converted into 94,689,715 shares, representing 7.10% of the company's total share capital prior to conversion [3][8]. - The total share capital increased by 60,819,321 shares due to conversions from October 1, 2025, to December 23, 2025, leading to a dilution of existing shareholders' equity [5][11]. Group 4: Shareholder Equity Changes - The controlling shareholder, Quzhou Zhishang Enterprise Management Partnership, saw its ownership percentage decrease from 30.07% to 29.12% due to the dilution effect of the bond conversions [9][11]. - Hong Kong Dongfeng Investment Group's ownership also decreased from 22.22% to 21.52% as a result of the same dilution [11].