Autel Technology adjusts convertible bond price after equity distribution

Autel Technology Co., Ltd. announced an adjustment to its convertible bond conversion price from CNY22.55 per share to CNY21.98 per share. This change is effective on the first trading day following the equity distribution's record date, subject to board approval. The adjustment stems from the company's 2025 half-year profit distribution, which includes a cash dividend of CNY5.8 per 10 shares (tax inclusive) based on the total share capital, excluding repurchased shares.

Autel Convertible Bond conversion will be suspended from September 16, 2025, until the equity distribution record date. To be eligible for the equity distribution, bondholders must convert their bonds by September 15, 2025. Trading will resume on the first trading day after the equity distribution record date.

The adjustment calculation for the virtual cash dividend is approximately CNY0.57 per share, reflecting the differentiated distribution. This figure is derived from the total shares participating in the distribution (660,228,781 shares) multiplied by the actual cash dividend per share (CNY0.58), divided by the total share capital (670,183,396 shares).