New Hope Dairy reports convertible bond conversion update

New Hope Dairy (SZSE:002946) today released its report on the conversion of convertible bonds for the first quarter of 2025. The announcement reveals that no conversions occurred during the period, leaving the outstanding amount of convertible bonds unchanged at CNY 71,794,010.00. The conversion price remained at CNY 18.20 per share, as adjusted following the 2024 interim equity distribution plan in February. As of March 31, 2025, the company's total share capital stands at 860,673,916 shares, with 1.16% classified as restricted shares and 98.84% as freely tradable. The next opportunity for bondholders to convert to equity at the CNY 18.20 conversion price is until December 17, 2026.