V-Test(SH:688372) Xin Lang Cai Jing·2026-01-05 20:49Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Shanghai Weicai Semiconductor Technology Co., Ltd., highlighting the limited conversion activity and the adjustments to the conversion price due to stock incentive plans and equity distributions [2][3][4][5][7]. Group 1: Convertible Bond Issuance Overview - The company issued a total of RMB 1,175 million in convertible bonds, with a maturity of 6 years and an initial conversion price of RMB 82.15 per share, which has been adjusted to RMB 62.65 per share [3]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shanghai Stock Exchange on April 30, 2025 [3]. Group 2: Conversion Status - From October 15, 2025, to December 31, 2025, a total of RMB 55,000 worth of "Weicai Convertible Bonds" were converted into 866 shares, representing 0.0006% of the company's total shares before conversion [2][8]. - As of December 31, 2025, the amount of unconverted bonds stood at RMB 1,174,945,000, accounting for 99.9953% of the total issuance [2][8]. Group 3: Share Capital Changes - The company's total share capital increased from 113,834,777 shares to 114,159,795 shares due to the completion of the first vesting period of the 2024 restricted stock incentive plan, affecting the conversion price of the bonds [4]. - Further adjustments to the conversion price were made following additional stock incentive plan vesting events, with the latest adjustment bringing the price to RMB 62.65 per share [5][7]. Group 4: Additional Information - Investors seeking detailed information about the "Weicai Convertible Bonds" can refer to the company's prospectus published on April 7, 2025 [10].