Changshu Bank: Convertible bond conversion update for Q1 2025

Jiangsu Changshu Rural Commercial Bank (SSE:601128) announced the conversion results of its "Changyin" convertible bonds for the first quarter of 2025. From January 1 to March 31, 2025, bonds worth CNY 10,000 were converted into 1,450 A-shares of the company. Cumulatively, as of March 31, 2025, a total of CNY 321,000 worth of bonds have been converted into 40,957 A-shares, representing 0.0015% of the bank's total share capital before the bond issuance. The remaining outstanding amount of "Changyin" convertible bonds yet to be converted stands at CNY 5,999,679,000, representing 99.9947% of the total issued amount. The bank's total share capital increased slightly to 3,014,985,874 shares following the Q1 conversions. The current conversion price is CNY 6.89 per share.