Group 1 - The company Qingdao Senqilin Tire Co., Ltd. has issued convertible bonds totaling 2,198.9391 million RMB, which began trading on December 6, 2021 [1] - The initial conversion price of the convertible bonds was set at 34.85 RMB per share, which is based on the average trading price of the company's A-shares [2] - The conversion price was adjusted to 28.52 RMB per share on November 15, 2022, following a trigger event where the stock price fell below 85% of the conversion price [3] Group 2 - The company issued 94,307,847 new ordinary shares at a price of 29.69 RMB per share, which were listed on August 30, 2023, leading to an adjustment of the conversion price to 28.67 RMB per share [5] - The company has conducted share buybacks, resulting in the cancellation of 5,205,569 shares, which further adjusted the conversion price to 28.66 RMB per share effective from January 16, 2024 [6] - The company plans to distribute a cash dividend of 4.10 RMB per 10 shares, which will increase the total share capital to 1,033,288,154 shares, leading to another adjustment of the conversion price to 19.95 RMB per share effective from October 21, 2024 [7] Group 3 - The company has a conversion period for the convertible bonds from May 17, 2022, to November 10, 2027 [9] - As of June 30, 2025, the remaining balance of the convertible bonds is 2,086,117,800 RMB, equivalent to 20,861,178 bonds [9] - The total share capital of the company after recent adjustments stands at 1,035,461,086 shares, with a breakdown of 322,343,001 restricted shares and 713,118,085 unrestricted shares [10]

Core Viewpoint - The company has made several adjustments to the conversion price of its convertible bonds, reflecting changes in its capital structure and dividend distributions [1][2][3][4][5][6][7] Group 1: Convertible Bond Issuance and Adjustments - The company issued convertible bonds amounting to 2.1989391 billion yuan, which began trading on December 6, 2021 [1] - The initial conversion price was set at 34.85 yuan per share, which was adjusted to 34.68 yuan per share following a cash dividend distribution of 1.7 yuan per 10 shares [2] - The conversion price was further adjusted down to 28.52 yuan per share after it fell below 85% of the adjusted price [2] - Subsequent adjustments were made to the conversion price, including an increase to 28.67 yuan per share and then a decrease to 28.66 yuan per share due to share buybacks [3][4] Group 2: Recent Adjustments and Dividend Distributions - The conversion price was adjusted to 20.20 yuan per share following a capital increase through a rights issue, and then further adjusted to 20.16 yuan per share after additional share buybacks [5] - The most recent adjustment brought the conversion price down to 19.95 yuan per share, with a subsequent adjustment to 19.66 yuan per share due to a cash dividend distribution of 2.90 yuan per 10 shares [6][7]

Core Points - The company has approved a profit distribution plan for the fiscal year 2024, which includes a cash dividend of 2.9 yuan per 10 shares (tax included) [1][2] - The distribution plan will not include stock bonuses or capital reserve transfers to increase share capital, and any changes in total share capital due to convertible bonds or other factors will not affect the per-share distribution ratio [1][2] - The record date for the distribution is set for June 27, 2025, with the ex-dividend date on June 30, 2025 [3] Distribution Plan Details - The profit distribution plan specifies a cash dividend of 2.9 yuan per 10 shares, with a net dividend of 2.61 yuan for certain investors after tax considerations [2][3] - The remaining undistributed profits will be carried forward to future distributions [2] - The distribution will be executed by the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [3] Tax Implications - Different tax rates will apply based on the holding period of the shares, with specific amounts outlined for various holding durations [3] - The company will not withhold individual income tax at the time of distribution, but it will be calculated based on the holding period when shares are sold [2][3] Additional Information - The company will adjust the conversion price of the "Kirin Convertible Bonds" in accordance with the distribution plan [3] - For inquiries, the company has provided contact details for its securities affairs department [3][4]

Group 1 - The company held its fourth supervisory board meeting, with all three supervisors participating, either in person or via communication methods [1] - The supervisory board approved the proposal to adjust the foreign exchange hedging business quota for 2025, with unanimous support [1][2] - The adjustment aims to lock in costs, mitigate foreign exchange risks, and enhance the efficiency of foreign exchange fund usage, ultimately benefiting the company and its shareholders [2] Group 2 - The supervisory board's decision is based on the company's actual operational needs and is intended to safeguard against significant currency fluctuations [2] - Detailed information regarding the adjustment and its feasibility analysis can be found in the company's announcements on the official information disclosure platform [2]

Core Viewpoint - Qingdao Senqilin Tire Co., Ltd. has announced the adjustment of the conversion price for its convertible bonds, reflecting changes in its stock and financial activities, including share repurchases and dividend distributions [1][5][7]. Convertible Bond Issuance Overview - The total amount of the convertible bonds issued by the company is RMB 2,198.9391 million [1]. - The bonds were listed on the Shenzhen Stock Exchange on December 6, 2021, under the name "Qilin Convertible Bonds" with the code "127050" [1]. Conversion Price Adjustment - The initial conversion price was set at RMB 34.85 per share, which was adjusted to RMB 28.52 per share on November 15, 2022, due to stock price conditions [2][3]. - Following a new issuance of shares at RMB 29.69 per share on August 30, 2023, the conversion price was further adjusted to RMB 28.67 per share [5]. - The conversion price was subsequently adjusted to RMB 28.66 per share on January 16, 2024, and then to RMB 19.95 per share on October 21, 2024, after the annual dividend distribution [6][7]. Share Capital Changes - As of March 31, 2025, the remaining balance of the convertible bonds is RMB 2,086,119,500, equivalent to 20,861,195 bonds [8]. - The total share capital of the company is 1,035,461,001 shares, with a slight increase of 55,359 shares during the reporting period [9]. Other Information - The company has provided contact information for investor inquiries and has made available additional documents related to the convertible bonds for further reference [10].