Dynagreen sees minimal convertible bond conversion in Q3 2025

Dynagreen Environmental Protection Group Co., Ltd. reported that 978 shares were converted from its A Share Convertible Corporate Bonds between July 1, 2025, and September 30, 2025, representing RMB9,000 in bond value. This conversion activity adjusted the company's total share capital from 1,393,453,043 shares to 1,393,454,021 shares. Tradable shares without sales restrictions increased by 978 to 989,094,229.

As of September 30, 2025, the accumulated conversion of "Dynagreen Convertible Bonds" totaled RMB136,000, corresponding to 14,021 shares. This represents a mere 0.0010% of the total issued shares prior to the A Share Convertible Corporate Bonds conversion. The overwhelming majority of the bonds, RMB2,359,864,000, or 99.9942% of the initial RMB2.36 bn issuance, remained unconverted.

The A Share Convertible Corporate Bonds, issued on February 25, 2022, for a 6-year term, became convertible into A shares on September 5, 2022. The conversion price was most recently adjusted to RMB9.15 per share, effective July 30, 2025, following the company's annual equity distribution for 2024. The conversion period for these bonds extends until February 24, 2028.