HMT adjusts bond price, updates share structure and repurchase program

HMT (Xiamen) New Technical Materials reported that from July 1 to September 30, 2025, RMB752,000 of "Huamao Convertible Bonds" were converted into 22,265 shares. The outstanding convertible bonds totaled RMB1.049 bn, representing 99.92467% of the total issuance. The company's total share capital increased to 329,466,544 shares due to these conversions and stock option exercises.

Concurrently, HMT adjusted the conversion price of its "Huamao Convertible Bonds" from RMB33.76 per share to RMB33.74 per share, effective October 13, 2025. This adjustment follows the exercise of 406,320 stock options by employees between July 1 and September 30, 2025, which increased the total outstanding shares.

Furthermore, HMT provided an update on its share repurchase program. As of September 30, 2025, the company had repurchased 21,138,449 shares, representing 6.42% of its total share capital, for a total of RMB782,097,036.37. The repurchase price ranged from RMB29.50 to RMB41.66 per share, and the repurchase price cap was adjusted to RMB60 per share.