Yinbang Clad Material adjusts convertible bond conversion price

Yinbang Clad Material (SZSE:300337) announced an adjustment to the conversion price of its "Yinbang Convertibles" bonds from CNY 12.52 to CNY 12.51 per share, effective July 14, 2025. This adjustment follows the approval of the company's 2024 profit distribution plan at the shareholder's meeting held on May 15, 2025. The plan includes a cash dividend of CNY 0.10 per 10 shares (inclusive of tax), totaling CNY 8,219,200.00, based on the company's total share capital of 821,920,000 shares as of December 31, 2024. The company will not be transferring capital reserves into share capital or distributing bonus shares. The "Yinbang Convertibles" were issued on January 13, 2025, with a total of 7,850,000 bonds at a par value of CNY 100 each, raising a total of CNY 785,000,000.00.