China Power to halt convertible bond conversion for dividend

China Shipbuilding Industry Group Power Co., Ltd. (China Power) announced the suspension of its "Dongli Ding 02" convertible bonds from November 18, 2025, until the equity distribution record date. This halt is in preparation for the 2025 semi-annual equity distribution, which will involve a cash dividend of 0.08161 yuan per share (including tax) based on the total share capital of 2,252,861,845 shares as of June 30, 2025.

The total cash dividend distributed will be 183,856,055.17 yuan. The resolution for this distribution was passed by the company's eighth board of directors at its sixteenth meeting on August 29, 2025, and approved by the second extraordinary general meeting on October 30, 2025. Following the equity distribution, the company will adjust the current conversion price of the convertible bonds according to relevant issuance terms.

Holders of "Dongli Ding 02" who wish to convert their bonds and be eligible for the equity distribution must do so by November 17, 2025. Further details regarding the implementation of the equity distribution and the adjusted conversion price will be disclosed on November 19, 2025. The conversion will resume on the first trading day after the equity distribution record date.