Weiming Environmental completes Wei 24 convertible bond redemption

Zhejiang Weiming Environment Protection successfully completed the early redemption of its "Wei 24 Convertible Bond" on December 18, 2025. A total of RMB 826,000 (8,260 bonds) were redeemed, representing 0.29% of the total issuance. The redemption amount, including accrued interest, totaled RMB 828,398.35. The bonds ceased trading on December 15, 2025, and were delisted on December 18, 2025.

Prior to redemption, RMB 284,174,000 of "Wei 24 Convertible Bond" had been converted into 16,190,918 shares of the company's A-share common stock. Following these conversions and the redemption, the company's total share capital increased to 1,710,128,059 shares. This change slightly diluted earnings per share in the short term but is expected to enhance capital strength and reduce the asset-liability ratio long-term.

The redemption resulted in a passive adjustment of major shareholders' equity ratios. For instance, the combined stake of the major shareholder and related parties decreased from 69.76% to 69.16%. The changes do not affect the controlling shareholder or actual controller.