Nanshan Aluminium bond exchange price adjusted after dividend payout

Shandong Nanshan Aluminium Co., Ltd. announced that its controlling shareholder, Nanshan Group Co., Ltd., will adjust the share conversion price for its 2023 non-publicly issued exchangeable corporate bonds (First Tranche). This adjustment follows the company's 2024 annual shareholders' meeting, which approved the 2025 interim and third-quarter profit distribution plan, including a cash dividend.

The exchangeable bonds, identified as "23南01EB" with a total issuance size of RMB 883.33 million, have a three-year term and are convertible into a portion of Shandong Nanshan Aluminium's A-shares held by Nanshan Group. As per the bond's prospectus, the exchange price will be adjusted when the underlying stock's price changes due to events such as cash dividends.

Effective September 25, 2025, the new exchange price for the "23南01EB" bonds will be adjusted to RMB 3.36 per share. As of the announcement date, Nanshan Group holds 2,404,403,647 A-shares, representing 20.70% of the company's total issued share capital (excluding shares held by parties acting in concert).