China Shipbuilding Industry Power adjusts convertible bond price after dividend

China Shipbuilding Industry Group Power has adjusted the conversion price of its "China Power Convertible Bond 02" from CNY 19.69 per share to CNY 19.61 per share. This change is effective from November 26, 2025, and results from the company's 2025 semi-annual profit distribution, which includes a cash dividend of CNY 0.08161 per share (tax inclusive).

The convertible bonds will temporarily cease conversion from November 18, 2025, until November 25, 2025, resuming on November 26, 2025, coinciding with the ex-dividend date. This adjustment aligns with the company's convertible bond issuance terms, which stipulate price changes in response to cash dividend distributions.

The profit distribution plan, approved at the company's second extraordinary general meeting on October 30, 2025, will distribute a total cash dividend of CNY 183,912,202.61 based on the total share capital of 2,253,549,842 shares as of the equity registration date.