山石网科通信技术股份有限公司可转债转股结果暨股份变动公告

Core Viewpoint - The announcement provides an update on the conversion status of the company's convertible bonds, indicating low conversion rates and a significant amount of unconverted bonds remaining. Group 1: Convertible Bond Conversion Status - As of December 31, 2025, a total of RMB 278,000 has been converted into company shares, resulting in 12,354 shares, which represents 0.0069% of the total shares outstanding before conversion [2][5] - The amount of convertible bonds that have not been converted as of December 31, 2025, is RMB 267,152,000, accounting for 99.8960% of the total issuance [2][5] - In the quarter from October 1, 2025, to December 31, 2025, RMB 51,000 was converted into shares, resulting in 3,090 shares, which is 0.0017% of the total shares outstanding before conversion [2][5] Group 2: Convertible Bond Issuance Overview - The company issued a total of 2,674,300 convertible bonds on March 22, 2022, with a face value of RMB 100 each, amounting to a total issuance of RMB 26,743.00 million [3] - The bonds were listed on the Shanghai Stock Exchange on April 21, 2022, under the name "山石转债" and code "118007" [3] - The initial conversion price was set at RMB 24.65 per share, which was later adjusted to RMB 16.50 per share on July 16, 2025, due to a downward price adjustment condition [3][4] Group 3: Share Capital Changes - The conversion period for the convertible bonds is from September 28, 2022, to March 21, 2028 [5]