Wujin Stainless Steel sees minimal conversion of convertible bonds

As of September 30, 2025, Jiangsu Wujin Stainless Steel Company Limited (Wujin Stainless Steel) reported that RMB 79,000 of its "Wujin Convertible Bonds" had been converted into 9,551 Class A ordinary shares. This represents a mere 0.0017% of the total shares outstanding before the conversion. The total issuance of the convertible bonds was RMB 310 million.

During the third quarter of 2025, RMB 22,000 of the bonds were converted, resulting in 2,773 new Class A shares. The current conversion price for "Wujin Convertible Bonds" is RMB 7.93 per share, adjusted from an initial RMB 8.55 per share due to 2023 and 2024 annual equity distribution plans.

The vast majority of the convertible bonds, amounting to RMB 309,921,000, or 99.9745% of the total issuance, remained unconverted by the end of September 2025. Following these conversions, Wujin Stainless Steel's total share capital increased from 561,069,165 to 561,071,938 shares.