Anji Microelectronics convertible bonds begin share conversion, capital changes

Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that its "Anji convertible bonds" (bond code: 118054) will commence their share conversion period from October 11, 2025 (or October 13, 2025, if the 11th is a non-trading day) until April 6, 2031. The current conversion price is set at CNY 128.70 per share, adjusted from an initial CNY 168.11 per share due to a 2024 profit distribution and subsequent equity incentive vesting events.

The company also reported changes to its registered capital and amendments to its Articles of Association. Its total share capital increased from 129,213,274 shares to 168,554,258 shares, with registered capital increasing to CNY 168,554,258.

These changes resulted from the implementation of its 2024 annual profit distribution plan, which included a capital reserve transfer, and the vesting of shares under its 2023 and 2024 restricted stock incentive plans. The share capital increase due to the 2024 profit distribution amounted to 38,727,140 shares. Additionally, 581,714 shares vested under the 2023 restricted stock incentive plan, and 32,130 shares vested under the 2024 restricted stock incentive plan. The amended Articles of Association reflect these changes.