Xinhuanet exchangeable bond conversion price cut to 25.34 yuan

Xinhuanet announced an adjustment to the conversion price for exchangeable bonds issued by major shareholder Xinhuanet Investment Holdings Co., which owns over 5% of the company.

The conversion price will drop from 33.08 yuan per share to 25.34 yuan per share, effective July 25, 2025. The adjustment follows Xinhuanet's 2024 profit distribution plan, which includes a cash dividend of 0.136 yuan per share, a stock dividend of 0.2 shares per share, and a capital reserve transfer of 0.1 shares per share.