Dibay Electric: Convertible bond conversions hit 10% threshold

Zhejiang Dibay Electric Co., Ltd. (SSE:603320) announced that as of February 10, 2025, a cumulative total of RMB 155,154,000 of "Dibei Convertible Bonds" have been converted into company stock. The total number of shares converted reached 12,999,983, accounting for 10.0000% of the company's total share capital before the conversion. The remaining outstanding convertible bonds amount to RMB 74,775,000, representing 32.5208% of the total convertible bonds issued. The company's total share capital increased to 142,999,983 shares following the conversion. As a result, the shareholdings of the company's controlling shareholder, Dibay Holdings, and its concerted parties have experienced a slight dilution in percentage terms, decreasing to 61.93% from 63.79%.