东方时尚驾驶学校股份有限公司关于可转债转股结果暨股份变动的公告

Core Viewpoint - The announcement details the conversion results of the company's convertible bonds, indicating significant conversion activity and changes in share capital structure. Group 1: Convertible Bond Conversion Status - As of December 31, 2025, a total of RMB 330,610,000 of the Dongshi convertible bonds have been converted into the company's A-shares, resulting in 22,724,935 shares, which represents 3.86% of the total shares outstanding before the conversion [2][6] - The amount of convertible bonds that have not been converted as of December 31, 2025, is RMB 97,390,000, accounting for 22.75% of the total issuance [2][6] - From October 1, 2025, to December 31, 2025, RMB 190,000 of the Dongshi convertible bonds were converted into A-shares, resulting in 21,817 shares [2][6] Group 2: Convertible Bond Issuance Overview - The Dongshi convertible bonds were approved for public issuance by the China Securities Regulatory Commission on December 27, 2019, with a total issuance of RMB 428 million and a maturity of six years from April 9, 2020, to April 8, 2026 [3] - The bonds have a tiered interest rate structure, starting at 0.40% in the first year and increasing to 2.30% in the sixth year [3] - The bonds were listed for trading on the Shanghai Stock Exchange starting April 30, 2020, under the name "Dongshi Convertible Bonds" with the code "113575" [3] Group 3: Conversion Price Adjustments - The initial conversion price was set at RMB 14.56 per share, which has been adjusted down to RMB 4.42 per share as of November 2025 due to various corporate actions [4][6] - The conversion price was adjusted from RMB 14.76 to RMB 14.56 following a cash dividend distribution in 2020 [4] - A further adjustment occurred in 2021, reducing the conversion price from RMB 14.56 to RMB 12.15 due to a stock dividend [5]