Hongfa Technology sees minimal conversion of convertible bonds

As of September 30, 2025, Hongfa Technology's convertible bonds have seen limited conversion into ordinary shares. Since the conversion period began on May 5, 2022, a total of 528,000 yuan worth of bonds have been converted, resulting in 8,653 new shares. This represents only 0.001% of the company's total issued shares before the conversion.

For the third quarter of 2025, from July 1 to September 30, convertible bond conversions amounted to 7,000 yuan, adding 308 shares to the company's total. Despite several adjustments to the conversion price, most recently set at 22.72 yuan per share as of June 19, 2025, the vast majority of the bonds remain outstanding.

Currently, 1,999,472,000 yuan of the convertible bonds, or 99.9736% of the total issued amount, have yet to be converted. The conversion period for "Hongfa convertible bonds" is set to conclude on October 27, 2027. Following the recent conversions, the company's total share capital stands at 1,459,747,248 shares, with all 308 newly converted shares categorized as unrestricted circulating shares.