New Hope Liuhe adjusts convertible bond conversion prices

New Hope Liuhe has announced adjustments to the conversion prices of its outstanding convertible bonds, effective July 7, 2025. The conversion price for both "Hope Convertible Bond" (127015) and "Hope Convertible Bond 2" (127049) will be adjusted to CNY 10.61 per share, up from CNY 10.60 per share. This adjustment is triggered by the company's recent回购注销 (buyback and cancellation) of restricted stock related to its 2022 equity incentive plan. Specifically, 23,372,200 shares were repurchased and cancelled. Following the buyback, the company's total share capital decreased to 4,502,570,562 shares from 4,525,942,762. This is according to the company's filing concerning the buyback, which was carried out at a price of CNY 7.98 per share. The buyback ensures the cancellation of shares from employees who left the company or failed performance goals as part of the 2022 restricted stock incentive plan.