Tianrun Dairy's convertible bonds ("Tianrun transferable bonds") commence share conversion

Xinjiang Tianrun Dairy (SSE:600419) announced that its "Tianrun Transferable Bonds" (SSE:110097) can be converted into shares beginning April 30, 2025, and ending October 23, 2030. The conversion price is set at CNY 8.30 per share, with the shares originating from newly issued stock. The total issuance of the bonds amounted to CNY 990 million, consisting of 9.9 million bonds with a face value of CNY 100 each. The bonds were listed on the Shanghai Stock Exchange on November 15, 2024, and have a term of six years. Bondholders may apply for conversion through the Shanghai Stock Exchange trading system, with a unit of 1,000 face value per lot.