Pingmei Group announces 2024 equity distribution and bond conversion

Pingdingshan Tianan Coal Mining (SSE: 601666) announced its 2024 annual equity distribution implementation, with a cash dividend of CNY 0.60 per share to be paid to shareholders of record as of June 6, 2025, excluding treasury shares. The ex-dividend date is set for June 9, 2025, which is also the payment date. The total dividend payout amounts to CNY 1,410,323,902.8. Simultaneously, the company adjusted the conversion price of its "Pingmei Convertible Bonds" (SSE: 113066) from CNY 8.08 to CNY 7.51 per share, effective June 9, 2025, to account for the dividend distribution. Trading and conversion of the bonds will be halted from May 28, 2025, until June 6, 2025, and will resume on June 9, 2025. Shareholders and bondholders are advised to take note of the adjustments and trading resumption.