北部湾港股份有限公司公告，因将实施2025年中期权益分派，根据相关规定，"北港转债"（债券代码： 127039）自2025年10月13日起至本次权益分派股权登记日止暂停转股，股权登记日后的第一个交易日起 恢复转股。"北港转债"转股起止时间为2022年1月5日至2027年6月28日，暂停期间可正常交易。公司还 公布了转股价格调整方式及计算公式等相关内容。 ...

北部湾港股份有限公司发布2025年第三季度"北港转债"转股情况公告。2021年6月29日公司发行30亿元 可转换公司债券，期限六年，2021年7月23日上市。转股期为2022年1月5日至2027年6月28日，初始转股 价格8.35元/股，经多次调整，现转股价格为7.39元/股。2025年第三季度，"北港转债"因转股金额减少 85,000元，转股数量11,499股。截至9月30日，剩余可转债金额1,079,932,000元。 ...

Core Viewpoint - The announcement details a passive dilution of the controlling shareholder's stake in Beibu Gulf Port Co., Ltd. by over 1% due to the conversion of convertible bonds, without triggering a mandatory takeover or affecting the company's governance structure [1][2]. Group 1: Shareholder Changes - The controlling shareholder, Guangxi Beibu Gulf International Port Group Co., Ltd., saw its stake diluted from 55.90% to 54.87%, a decrease of 1.03% due to the conversion of "Beigang Convertible Bonds" [1]. - The total share capital of the company increased from 2,326,136,122 shares to 2,369,644,158 shares during the conversion period from April 26, 2025, to July 3, 2025 [1]. Group 2: Bond Details - The company issued a total of 3 billion yuan in convertible bonds, approved by the China Securities Regulatory Commission, with a conversion period from January 5, 2022, to June 30, 2027 [1]. - The bond is listed on the Shenzhen Stock Exchange under the name "Beigang Convertible Bonds" with the code "127039" [1]. Group 3: Impact on Governance - The dilution does not involve a change in the number of shares held by the controlling shareholder and will not lead to changes in the actual controller or the governance structure of the company [1][2]. - The announcement reassures that the company's ongoing operations will not be significantly impacted by this change [1].

Core Viewpoint - The announcement details a significant equity change involving Shanghai Zhonghai Terminal Development Co., Ltd., which converted its convertible bonds into shares of Beibu Gulf Port Co., Ltd., resulting in an increase in its shareholding without triggering a mandatory bid or affecting the company's control structure [1][2]. Group 1: Equity Change Details - Shanghai Zhonghai Terminal converted 3,214,915 units of "Beigang Convertible Bonds" into 43,503,584 shares of Beibu Gulf Port, increasing its total shareholding from 224,642,108 shares [1]. - The conversion does not lead to a change in the controlling shareholder or the actual controller of the company, ensuring stability in governance and ongoing operations [1][2]. Group 2: Shareholding Structure - Prior to the conversion, Shanghai Zhonghai Terminal held a certain percentage of the total share capital, which will be updated post-conversion [2]. - The announcement complies with relevant laws and regulations regarding equity changes and disclosure requirements [2].

Core Viewpoint - The report outlines the equity changes of Beibu Gulf Port Co., Ltd. due to the conversion of convertible bonds held by Shanghai Zhonghai Terminal Development Co., Ltd., resulting in an increase in shareholding and ownership percentage [1][5][6]. Group 1: Company Information - Company Name: Beibu Gulf Port Co., Ltd. [1] - Stock Code: 000582, listed on Shenzhen Stock Exchange [1] - Legal Representative: Zhu Tao [1] - Registered Capital: RMB 748,560,000 [4] - Company Type: Limited Liability Company (wholly foreign-owned) [4] - Established Date: February 18, 2008 [4] Group 2: Equity Changes - Prior to the equity change, the company held 224,642,108 shares, representing 9.66% of the total share capital [6][10]. - After the conversion of convertible bonds, the total shares held increased to 268,145,692, which is 11.32% of the total share capital [6][10]. - The increase in shares due to the bond conversion was 43,503,584 shares, resulting in a 1.66% increase in ownership [10]. Group 3: Future Plans and Compliance - The company has no plans to increase or decrease its shareholding in the next 12 months [5]. - The report confirms that there are no restrictions on the rights associated with the shares held [6]. - The company has complied with all legal disclosure requirements regarding the equity changes [7].

Core Viewpoint - Shanghai Zhonghai Terminal, a shareholder holding more than 5% of Beibu Gulf Port, converted 3.2149 million "Beibu Gulf Convertible Bonds" into 43.5036 million A-shares of Beibu Gulf Port, increasing its shareholding from 225 million shares (9.66% of total equity) to 268 million shares (11.32% of total equity) [1] Summary by Relevant Sections - Shareholder Action - Shanghai Zhonghai Terminal executed a conversion of convertible bonds into equity, resulting in a significant increase in its shareholding in Beibu Gulf Port [1] - Shareholding Structure - Prior to the conversion, Shanghai Zhonghai Terminal held 225 million shares, representing 9.66% of the total share capital; post-conversion, this increased to 268 million shares, representing 11.32% of the total share capital [1] - Governance Impact - The equity change does not involve any increase or decrease in holdings by the controlling shareholder or concerted parties, does not trigger a mandatory bid, and will not alter the company's controlling shareholder or actual controller, nor will it affect the company's governance structure and ongoing operations [1]

Summary of Key Points Core Viewpoint - The announcement details the interest payment for the convertible bonds "北港转债" issued by Beibu Gulf Port Co., Ltd., highlighting the interest rates and payment schedule for investors [1][4]. Group 1: Bond Details - The "北港转债" has a face value of 1,000 RMB per bond, with an interest payment of 15.00 RMB for every 10 bonds held, inclusive of tax [1][4]. - The interest rates for the subsequent years are set at 1.00% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year [1][4]. Group 2: Interest Payment Schedule - The interest payment period for this announcement is from June 29, 2024, to June 28, 2025, with the payment date scheduled for June 30, 2025, due to the previous day being a holiday [4][5]. - Investors who purchase and hold the bonds until June 27, 2025, will be eligible for the interest payment, while those selling before this date will not receive the interest [1][5]. Group 3: Tax Implications - Individual bondholders are subject to a 20% withholding tax on interest income, which will be deducted by the payment agency [4][6]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from corporate income tax and value-added tax on the interest income from these bonds until December 31, 2025 [6][4]. Group 4: Payment Process - The company will entrust China Securities Depository and Clearing Corporation Limited to handle the interest payments, which will be distributed to the designated accounts of bondholders [5][6]. - The payment will be made within five trading days following the interest payment date [2][5].

Core Viewpoint - The announcement details the adjustments to the conversion price of the "Beigang Convertible Bonds" issued by Beibu Gulf Port Co., Ltd. due to various corporate actions such as profit distribution and capital increases [1][2][3]. Summary by Sections 1. Adjustment Regulations - The company outlines the formula for adjusting the conversion price based on stock dividends, capital increases, new share issuances, and cash dividends [1][2]. 2. Historical Adjustment Records - Initial conversion price was set at 8.35 CNY/share, with adjustments made on the following dates: - May 20, 2022: Adjusted to 8.17 CNY/share after a cash dividend of 1.84 CNY per 10 shares [2]. - May 17, 2023: Adjusted to 8.00 CNY/share after a cash dividend of 1.73 CNY per 10 shares [3]. - May 13, 2024: Adjusted to 7.80 CNY/share following a new share issuance at 7.12 CNY/share [4]. - June 6, 2024: Adjusted to 7.60 CNY/share after a cash dividend distribution [4]. - November 15, 2024: Adjusted to 7.59 CNY/share due to share buybacks [5]. - November 22, 2024: Adjusted to 7.44 CNY/share after a cash dividend of 1.510004 CNY per 10 shares [5]. 3. Current Adjustment Reason and Result - The company plans to distribute a cash dividend of 0.469999 CNY per 10 shares based on a total share capital of 2,326,137,868 shares, leading to an adjustment of the conversion price from 7.44 CNY/share to 7.39 CNY/share effective from May 28, 2025 [6].

Profit Distribution Plan - The profit distribution plan for the fiscal year 2024 was approved at the shareholders' meeting, with a total cash dividend of 109,328,397.73 yuan, and no bonus shares issued [1] - The cash dividend per share is set at 0.469999 yuan (including tax) based on the current total share capital of 2,326,137,868 shares [1] Adjustment of Dividend Distribution - The cash dividend total remains fixed, and adjustments will be made to the per-share distribution if the total share capital changes due to convertible bond conversions, share buybacks, or other reasons [1] - The adjusted cash dividend per share will be distributed to all shareholders as per the established principles [1] Taxation on Dividends - Different tax rates will apply to various categories of shareholders, with specific provisions for Hong Kong investors and other entities regarding the withholding of personal income tax [2] - The tax implications for shareholders will depend on their holding period, with specific amounts outlined for different durations [2] Dividend Payment Dates - The record date for the dividend distribution is set for May 27, 2025, and the ex-dividend date is May 28, 2025 [2] Method of Distribution - Dividends will be directly credited to shareholders' accounts through their custodial securities companies or other custodial institutions [3] Adjustment of Convertible Bond Conversion Price - Following the distribution of dividends, the conversion price of the company's convertible bonds will be adjusted from 7.44 yuan per share to 7.39 yuan per share [4]

Core Viewpoint - The company announces a temporary suspension of the conversion of its convertible bonds, "Beigang Convertible Bonds," during the period of equity distribution, which will take place from May 20, 2025, until the registration date for the equity distribution [1] Group 1: Equity Distribution Announcement - The company plans to implement the 2024 annual equity distribution soon, as per the proposal for the distribution and capital reserve conversion into share capital [1] - The suspension of the bond conversion will last until the first trading day after the equity registration date [1] Group 2: Convertible Bond Trading - During the suspension period, the convertible bonds will continue to trade normally, and bondholders are advised to pay attention to this notice [1] - The adjustment of the conversion price will be based on specific formulas outlined in the bond issuance prospectus, which accounts for stock dividends, capital increases, and cash dividends [1][2] Group 3: Conversion Price Adjustment - The conversion price will be adjusted according to the following formulas: - For stock dividends or capital increases: P1 = P0 / (1 + n) - For new share issuance or rights issues: P1 = (P0 + A*k) / (1 + k) - For cash dividends: P1 = P0 - D - These adjustments will ensure that the interests of convertible bondholders are protected [1][2][3]