Zhejiang Sunoren convertible bonds see minimal Q3 conversion

For the third quarter of 2025 (July 1 to September 30), Zhejiang Sunoren Solar Technology Co., Ltd. saw 10,000 yuan of its "Xinneng Convertible Bonds" convert into 702 A-share ordinary shares. This conversion represents a mere 0.0001% of the total shares issued before the conversion.

As of September 30, 2025, the cumulative conversion stands at 95,000 yuan, resulting in 7,221 shares, or 0.0014% of the pre-conversion share capital. The outstanding "Xinneng Convertible Bonds" amount to 879,905,000 yuan, signifying that 99.9892% of the total issued bonds remain unconverted. The current conversion price is 12.75 yuan per share, adjusted from the initial 13.10 yuan due to previous equity distributions.

The company's total share capital has marginally increased to 500,007,221 shares, with 702 shares added to the unrestricted circulating shares during the quarter due to the convertible bond conversions. There are no changes to restricted circulating shares. Investors can find detailed terms of the "Xinneng Convertible Bonds" in the company's prospectus dated October 24, 2023.