Xianhe adjusts convertible bond price after equity distribution

Xianhe Co., Ltd. announced that the conversion price of its "He 21 Convertible Bonds" will be adjusted from CNY 19.49 per share to CNY 18.99 per share, effective July 10, 2025. This adjustment stems from the company's 2024 annual equity distribution plan, which includes a cash dividend of CNY 0.50 per share. Trading of the convertible bonds will be suspended from July 3 to July 9, 2025, and will resume on July 10, 2025. The initial conversion price of "He 21 Convertible Bonds" was CNY 39.09. The bonds, with a total issuance of CNY 2.05 billion, are listed on the Shanghai Stock Exchange under the code "113632".