Group 1 - The company issued 8,500,000 convertible bonds with a total value of approximately 844.18 million RMB, which were fully received on November 2, 2022 [1] - The convertible bonds are listed on the Shenzhen Stock Exchange under the name "回天转债" and code "123165" since November 15, 2022 [2] - The conversion period for the bonds is from May 2, 2023, to October 26, 2028 [2] Group 2 - The conversion price of the bonds was adjusted from 20.21 RMB per share to 15.45 RMB per share on May 22, 2023, due to a dividend distribution [2] - Further adjustments to the conversion price occurred on May 23, 2024, changing it to 15.35 RMB per share, and on May 30, 2025, it will be adjusted to 15.20 RMB per share [2] Group 3 - The company has a clause allowing for the downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3] - The expected trigger period for this adjustment is from June 21, 2025, to July 4, 2025, during which the stock price has already been below the threshold for 10 trading days [4][5]

Core Viewpoint - The company, Hubei Huitian New Materials Co., Ltd., has announced an adjustment to the conversion price of its convertible bonds, "Huitian Convertible Bonds," from 15.35 CNY per share to 15.20 CNY per share, effective from May 30, 2025, due to the implementation of the 2024 annual equity distribution plan [1][3]. Group 1 - The adjustment of the conversion price is based on the company's 2024 annual profit distribution plan, which includes a cash dividend of 1.50 CNY per 10 shares (tax included) to all shareholders [2][3]. - The conversion price adjustment formula is outlined in the company's prospectus, detailing how the price is calculated based on various scenarios of equity changes [1][2]. - The adjusted conversion price will take effect on the ex-dividend date, May 30, 2025 [3]. Group 2 - The company will publish the board resolution regarding the conversion price adjustment on the Shenzhen Stock Exchange and other compliant media, including details on the adjustment date and method [2]. - The company emphasizes that any future changes in share repurchase, mergers, or other events affecting shareholder equity will be handled fairly and in accordance with relevant laws and regulations [2].