Zhi Tong Cai Jing·2026-01-20 09:08Core Viewpoint - The company is converting its debt of USD 746 million into equity investment in COSL Norwegian AS, enhancing its strategic position in the Norwegian market [1][2] Group 1: Investment Details - The debt amount being converted into equity includes a principal of USD 648 million and interest of USD 97.845 million, with a conversion price set at 1.00 Norwegian Krone per share, resulting in the issuance of 7.533 billion shares [1] - Post-investment, the company and CSL will hold 83.02% and 16.98% of COSL Norwegian AS, respectively [1] Group 2: Strategic Implications - This investment strategy aligns with the company's five development strategies, focusing on internationalization and regional development, thereby strengthening its core position in overseas strategic layouts [2] - The conversion of debt to equity is expected to optimize the subsidiary's asset-liability structure, enhance overall strength and competitiveness, and streamline management efficiency [2] - The investment will not significantly impact the company's consolidated financial statements, including assets, liabilities, current income, or profits, and does not constitute a major asset restructuring [2]