IKD adjusts convertible bond price following share issuance for acquisition

IKD announced an adjustment to the conversion price of its "Aidi convertible bonds" from 17.73 yuan per share to 17.55 yuan per share, effective October 15, 2025. This change follows the completion of an asset acquisition involving the issuance of new shares. On October 10, 2025, IKD finalized the registration of 44,893,247 new shares with the Shanghai Branch of China Securities Depository and Clearing Corporation Limited.

The new shares were issued at 13.70 yuan per share as part of an acquisition of 71% equity in Zhuoerbo Precision Electromechanical Co., Ltd. The acquisition involved a total consideration of 1.118 bn yuan, comprising 503.21 m yuan in cash and 615.03 m yuan in shares. Post-issuance, IKD's total share capital increased to 1,030,241,514 shares.

The adjustment was calculated using a specified formula. This change ensures the convertible bonds reflect the company's updated capital structure. The "Aidi convertible bonds" will temporarily suspend conversion on October 14, 2025, and resume on October 15, 2025, with the new price.