Core Viewpoint - The announcement details the issuance and terms of the convertible bonds "Poly Convertible Bonds" by Poly Development Holdings Group Co., Ltd, including the conversion price and period for bondholders to convert their bonds into shares [1][2]. Group 1: Convertible Bond Issuance Overview - The total issuance of convertible bonds is 85,000 million yuan, with each bond having a face value of 100 yuan [2][3]. - The bonds will be listed on the Shanghai Stock Exchange under the code "110817" starting from June 19, 2025 [2]. - The bonds have a maturity period of six years, from May 15, 2025, to May 15, 2031 [3]. Group 2: Conversion Terms - The current conversion price is set at 15.92 yuan per share, adjusted from an initial price of 16.09 yuan due to a cash dividend distribution [3][10]. - The conversion period for the bonds is from November 21, 2025, to May 15, 2031 [3]. Group 3: Conversion Application Process - Bondholders can apply for conversion through the Shanghai Stock Exchange trading system, with a minimum conversion unit of 1 share [5]. - The conversion application cannot be withdrawn once confirmed, and the conversion will be processed on the next trading day after the application [5][6]. Group 4: Rights and Interests of Converted Shares - Newly converted shares will be listed for trading on the next trading day after the conversion application [7]. - Converted shares will enjoy the same rights as existing shares [7]. Group 5: Interest Payment and Taxation - Interest on the bonds will be paid annually, with the first payment starting from the issuance date [9]. - Any taxes arising from the conversion process will be borne by the bondholders [8][9]. Group 6: Lock-up Period for Converted Shares - There is an 18-month lock-up period for shares obtained through conversion, ending on November 22, 2026 [13]. - After the lock-up period, the shares will be freely transferable [13].

Group 1 - The core point of the article is that Poly Developments announced an adjustment to the conversion price of its convertible bonds as part of its 2024 profit distribution plan [2] - The conversion price will be adjusted from 16.09 yuan per share to 15.92 yuan per share [2] - This adjustment will take effect from August 20, 2025, which is the ex-dividend date, as the convertible bonds have not yet entered the conversion period [2]

Group 1 - The company has issued a total of 85,000,000 convertible bonds with a face value of 100 yuan each, amounting to a total issuance of 850 million yuan, referred to as "Poly Convertible" with the security code "110817" [1][2] - The bondholders have committed to a lock-up period, where the stocks converted from the bonds cannot be transferred for 18 months from the end of the bond issuance, which is on May 21, 2025 [1][2] - The underwriting institution, China International Capital Corporation, has confirmed that the issuance complies with relevant laws and regulations, and the bonds are eligible for listing on the Shanghai Stock Exchange [2][3] Group 2 - The Shanghai Stock Exchange has approved the listing of the company's convertible bonds for transfer [2][3] - All bondholders have adhered to their commitments regarding the lock-up period, with no violations reported as of the announcement date [2]