Will semiconductor adjusts convertible bond price for dividend

Will Semiconductor Shanghai announced an adjustment to the conversion price of its convertible bonds from CNY 162.24 per share to CNY 161.84 per share. This change, effective November 24, 2025, is a result of the company's 2025 interim equity distribution, which includes a cash dividend of CNY 0.40 per share.

The interim dividend distribution was authorized by the 2024 annual shareholders' meeting on June 10, 2025, and approved by the seventh board of directors' sixth meeting on October 28, 2025. The total cash dividend to be distributed amounts to CNY 482,193,174.40, based on 1,205,482,936 shares participating in the distribution.

As a consequence of the equity distribution, Will Semiconductor's convertible bond conversion will be suspended from November 17, 2025, to November 21, 2025, resuming on November 24, 2025. This adjustment follows the guidelines outlined in the prospectus for the convertible bonds.