Dinglong announces convertible bond issuance and executive stock sale

Hubei Dinglong (SZSE:300054) has announced plans to issue convertible corporate bonds to unspecified investors, with a total value of CNY 910,000,000. Bond code "123255" The issuance aims to allow existing shareholders on record as of April 1, 2025, to pre-emptively acquire bonds, with remaining bonds available to the public via the Shenzhen Stock Exchange. Alongside this, the company disclosed that two senior executives, Vice General Manager Huang Jinhui and Vice General Manager Xiao Guilin, intend to reduce their holdings. The pair collectively hold 1,508,682 shares, representing 0.161% of the total share capital, and plan to reduce their holdings by no more than 354,768 shares through centralized bidding. The stock sale is planned between April 25, 2025, and July 24, 2025. Proceeds will be used for stock incentives and individual financial needs.