Will Semi reports Q3 2025 convertible bond conversions, option exercises, and share buyback

Will Semiconductor (Shanghai) Co., Ltd. announced that as of September 30, 2025, RMB 7,588,000 of "Will CB" convertible bonds converted into 34,974 company shares, representing 0.004% of total shares issued before conversion. In Q3 2025 alone, RMB 53,000 of convertible bonds converted into 323 shares. A substantial RMB 2,432,408,000 of convertible bonds, or 99.69% of the total issuance, remains unconverted.

During the third quarter of 2025, the company's 2023 second-phase stock option incentive plan saw 424,640 stock options exercised, resulting in a cumulative registration of 3,165,486 shares. This accounts for 89.85% of the first exercisable period's total options. The company received cumulative proceeds of RMB 32,654,688.93 from these exercises, which will be used to supplement working capital.

Additionally, in Q3 2025, the company cancelled 11,213,200 shares from its buyback program. These combined activities resulted in a net decrease of 10,788,237 shares in total share capital, bringing the total to 1,206,382,412 shares as of September 30, 2025.