Changshu Bank sees modest Q3 conversion of convertible bonds

As of September 30, 2025, Jiangsu Changshu Rural Commercial Bank reported a cumulative RMB 511,000 of its "Changyin Convertible Bonds" had been converted into 72,349 A-share ordinary shares. This represents 0.003% of the bank’s total issued ordinary share capital prior to the conversions.

During the third quarter of 2025, from July 1 to September 30, the bank saw RMB 109,000 of the convertible bonds converted, resulting in an addition of 18,069 A-share ordinary shares. Following these conversions, the total ordinary share capital increased from 3,316,497,842 shares to 3,316,515,911 shares.

The outstanding amount of "Changyin Convertible Bonds" yet to be converted stood at RMB 5,999,489,000 as of September 30, 2025, accounting for 99.9915% of the total issuance. The convertible bonds, issued on September 15, 2022, have a total value of RMB 6 bn and began their conversion period on March 21, 2023, scheduled to conclude on September 14, 2028. The initial conversion price was RMB 8.08 per share, with the current price at RMB 5.89 per share.