New Hope Dairy adjusts Xinru convertible bond conversion price

New Hope Dairy (SZSE:002946) has announced an adjustment to the conversion price of its "Xinru" convertible bonds (SZSE:128142), effective June 26, 2025. The adjustment follows the approval of the company’s 2024 profit distribution plan at the annual general meeting on June 10, 2025. The plan includes a cash dividend of CNY 2.50 per 10 shares. The conversion price will decrease from CNY 18.20 to CNY 17.95 per share. During the profit distribution, the total amount of shares may change from 860,676,864 due to conversion of the bonds, requiring adjustment according to equity registration. All shareholders as of the record date, June 25, 2025, will receive the dividend, with the ex-date being June 26, 2025. The company has confirmed that the terms of the dividend implementation will be consistent with previous promises.