Ping An announces H-share convertible bond conversion adjustment

Ping An Insurance Group Company of China (SSE:601318) announced an adjustment to the conversion price of its USD3,500,000,000 0.875% convertible bonds due in 2029. Effective September 12, 2024, the conversion price has been adjusted to HKD 42.61 per H share, down from the original HKD 43.71. This change follows the company's declaration of an interim dividend of RMB 0.93 per share (inclusive of tax) for the half-year ending June 30, 2024. As of April 30, 2025, the total number of H shares that could potentially be issued or transferred from the company's inventory is 641,343,581. The company also holds 102,592,612 A-shares in a repurchase securities account.