CECEP Wind-Power’s share repurchase won't change convertible bond price

CECEP Wind-Power Corp. has completed its share repurchase program, resulting in the cancellation of 33,014,110 shares. This action, approved at shareholder meetings on April 28 and May 23, 2025, aimed to reduce the company's registered capital.

Despite the reduction in total share capital from 6,473,393,011 shares to 6,440,379,197 shares, the conversion price for its "Jieneng Zhuanzhai" convertible bonds remains unchanged at 3.37 yuan per share. This decision was based on calculations applying the company's specified adjustment formula, which, after rounding, did not alter the existing conversion price. The repurchased shares were acquired at an average price of 3.03 yuan per share.

The convertible bonds, issued on June 21, 2021, with a total value of 3.0 bn yuan, have been convertible into A-shares since December 27, 2021, and will remain so until June 20, 2027. The company announced the completion of the share cancellation and the non-adjustment of the conversion price on September 27, 2025.