SaiTe convertible bond conversions remain minimal for Fujian Supertech Advanced Material

Fujian Supertech Advanced Material announced that as of September 30, 2025, its "Saite Convertible Bonds" have seen cumulative conversions totaling CNY 25,000, resulting in 873 shares. This represents a mere 0.00075% of the company's 116,000,000 shares outstanding before the conversion period. From July 1 to September 30, 2025, conversions amounted to CNY 2,000, adding 104 shares.

The vast majority of the convertible bonds, CNY 441,975,000 or 99.99434% of the total issuance, remain unconverted. The initial conversion price of CNY 35.41 per share has been adjusted multiple times due to equity distribution plans and a downward revision, settling at CNY 18.90 per share as of the announcement date.

The total issued amount of "Saite Convertible Bonds" was CNY 442,000,000, with an initial issuance date of September 11, 2023, and a conversion period from March 15, 2024, to September 10, 2029. The company's total share capital has marginally increased by 104 shares, from 167,813,997 to 167,814,101, all within unlimited sale and circulation shares.