Jingda revises convertible bond price after cash dividend

Tongling Jingda Special Magnet Wire has adjusted the conversion price of its "Jingda convertible bond" from 3.35 yuan per share to 3.32 yuan per share, effective October 13, 2025. This change follows the company’s 2025 half-year profit distribution, which approved a cash dividend of 0.03 yuan per share (including tax) to all A-share shareholders as of October 10, 2025. The adjustment aligns with the terms of the convertible bond's prospectus regarding cash dividend distributions.

Concurrently, the company announced that it provided guarantees totaling 180m yuan for three wholly-owned subsidiaries, including Tianjin Jingda Enamelled Wire, Tongling Jingxun Special Enamelled Wire, and Jiangsu Dingke Wire Material. These guarantees, granted to various banks for durations extending into September 2026, fall within the scope of a previously approved 5.46bn yuan annual guarantee limit for 2025.

As of September 25, 2025, the company's total external guarantees for its controlling subsidiaries amounted to 377,630,000 yuan, representing 64.12% of its latest audited net assets. The board confirmed that these guarantees support the subsidiaries' operations and are in the best interest of the company and its shareholders, with no overdue guarantees reported.