DO&SH(SZ:002798) Shang Hai Zheng Quan Bao·2026-01-05 18:26Core Viewpoint - The announcement details the conversion of the company's convertible bonds and the related changes in share capital, highlighting the bond's conversion price and the number of shares issued during the fourth quarter of 2025 [2][8]. Convertible Bond Issuance Overview - The company issued 15,000,000 convertible bonds at a face value of 100 yuan each, totaling 1.5 billion yuan, approved by the China Securities Regulatory Commission on October 25, 2021 [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on November 26, 2021, under the name "帝欧转债" with the code 127047 [3]. Conversion Details - The conversion period for the bonds started on April 29, 2022, and will end on October 24, 2027 [4]. - The initial conversion price was set at 13.53 yuan per share, which was adjusted to 13.33 yuan after a dividend distribution on June 2, 2022 [5][6]. Conversion Price Adjustments - The conversion price was further adjusted to 13.34 yuan on July 21, 2022, following the cancellation of certain restricted stock options [7]. - A significant adjustment was made on November 1, 2024, reducing the conversion price to 5.10 yuan per share, effective from that date [7]. Share Capital Changes - In the fourth quarter of 2025, the company saw a reduction of 70 bonds (amounting to 7,000 yuan) and issued 1,372 new shares as a result of the bond conversion [8]. - As of December 31, 2025, there were 8,436,824 convertible bonds remaining, with a total balance of 843,682,400 yuan [8]. Share Buyback Progress - The company initiated a share buyback plan on July 10, 2024, with a range of 8.5 million to 16.7 million shares at a maximum price of 5.00 yuan per share [14]. - The buyback price cap was later adjusted to 8.40 yuan, extending the buyback period to January 10, 2026 [15]. - By December 31, 2025, the company had repurchased 10,111,107 shares, representing 1.97% of the total share capital, with a total expenditure of approximately 63.32 million yuan [17][22]. Impact of Share Buyback - The buyback utilized both special loans and the company's own funds, ensuring no significant impact on financial stability or operational capabilities [17]. - The repurchased shares will be used for the conversion of the company's convertible bonds, maintaining compliance with relevant regulations [19][22].