Xingqiu Graphite(SH:688633) Shang Hai Zheng Quan Bao·2026-01-05 21:03Core Viewpoint - The announcement provides details on the conversion results of the "Xingqiu Convertible Bonds" and the changes in share capital of Nantong Xingqiu Graphite Co., Ltd, highlighting the limited conversion activity and the remaining unconverted bonds. Group 1: Convertible Bond Conversion Situation - The "Xingqiu Convertible Bonds" entered the conversion period on February 5, 2024, with a total of RMB 0.40 million converted into company shares from October 1, 2025, to December 31, 2025, resulting in 172 shares [2] - As of December 31, 2025, a total of RMB 16.90 million has been converted into company shares, amounting to 7,194 shares, which represents 0.005% of the company's total issued shares before conversion [2] - The amount of unconverted convertible bonds as of December 31, 2025, is RMB 61,983.10 million, accounting for 99.973% of the total issuance [2] Group 2: Convertible Bond Issuance Overview - The company issued 6.20 million convertible bonds with a total value of RMB 62,000.00 million, with a maturity period of six years from July 31, 2023, to July 30, 2029 [3] - The initial conversion price was set at RMB 33.12 per share, which has been adjusted to RMB 23.14 per share as of the announcement date [3] - The bonds were listed on the Shanghai Stock Exchange on August 22, 2023, under the name "Xingqiu Convertible Bonds" with the code "118041" [3] Group 3: Conversion Price Adjustments - The conversion price was adjusted to RMB 33.04 per share on January 27, 2024, due to the completion of the first vesting period of the restricted stock incentive plan [4] - Following the annual profit distribution for 2023, the conversion price was further adjusted to RMB 23.31 per share on June 7, 2024 [4] - The conversion price was adjusted again to RMB 23.39 per share on September 10, 2024, and to RMB 23.49 per share on June 25, 2025, due to the completion of additional stock repurchase activities [5][6]