Shanmei International adjusts exchange price of convertible bonds

Shanmei International Energy Group (SSE:600546) announced an adjustment to the exchange price of its controlling shareholder, Shanxi Coal Import and Export Group's "22 Shanmei EB" exchangeable bonds, effective June 4, 2025. The adjustment stems from the company's 2024 annual dividend distribution of CNY 0.69 per share (inclusive of tax), totaling CNY 1,367,894,736.60. Consequently, the exchange price has been revised from CNY 20.99 to CNY 20.30 per share. The "22 Shanmei EB" bonds, with code 137154, were issued on September 28, 2022, with a maturity of three years and a coupon rate of 0.1% per annum. The exchange period for the bonds extends from March 29, 2023, to September 26, 2025.