志邦家居股份有限公司可转债转股结果暨股份变动的公告

Core Viewpoint - The announcements detail the status of the convertible bonds issued by Zhihong Home Co., Ltd., including conversion results, unconverted amounts, and the company's plans for share repurchase [2][7][13]. Group 1: Convertible Bond Conversion Status - As of December 31, 2025, a total of RMB 18,000 of "Zhihong Convertible Bonds" has been converted into A-shares, resulting in 1,555 shares, which represents 0.00036% of the total shares before conversion [2][4]. - The amount of unconverted "Zhihong Convertible Bonds" as of December 31, 2025, is RMB 669,982,000, accounting for 99.99731% of the total issuance [2][5]. - During the period from October 1, 2025, to December 31, 2025, RMB 5,000 of "Zhihong Convertible Bonds" were converted into A-shares, resulting in 431 shares [4]. Group 2: Convertible Bond Issuance Details - The company issued 6,700,000 "Zhihong Convertible Bonds" with a face value of RMB 100 each, raising a total of RMB 670,000,000, with a maturity of 6 years and a tiered interest rate starting from 0.3% in the first year to 2.0% in the sixth year [3][14]. - The bonds were listed on the Shanghai Stock Exchange on April 8, 2025, and the initial conversion price was set at RMB 12.12 per share, later adjusted to RMB 11.52 per share due to a cash dividend distribution [3][14]. Group 3: Share Repurchase Plan - The company plans to repurchase shares using its own funds and bank loans, with a total repurchase amount between RMB 80 million and RMB 110 million, and a maximum repurchase price of RMB 14.13 per share [7]. - The implementation period for the share repurchase is set for up to 12 months from the board's approval date [7]. - As of December 31, 2025, the company has not yet executed any share repurchase [10]. Group 4: Potential Conversion Price Adjustment - The company has outlined conditions under which the conversion price of the bonds may be adjusted downward if the stock price falls below 80% of the current conversion price for a specified period [16][18]. - From December 9, 2025, to December 31, 2025, the stock price has been below the threshold, indicating a potential for triggering the conversion price adjustment [18].