Bojun Tech share dilution triggers convertible bond price adjustment

Jiangsu Bojun Industrial Technology (SZSE:300926) announced that the shareholding of its controlling shareholder, actual controller, and their concerted parties has been passively diluted to 69.67% from 72.11%, triggering an adjustment to the "Bojun Convertible Bonds"转股 (SZSE:123222) conversion price. The dilution resulted from a private placement of 14,684,287 shares priced at CNY 20.43 per share, raising total proceeds of CNY 299,999,983.41 (net of expenses: CNY 297,751,296.51). While the conversion price will change to CNY 16.68 per share (previous conversion price: CNY 16.55 per share). The new shares began trading on May 22, 2025, but there were no changes in shareholding for company directors, supervisors, or senior management team.