Shanxi Coking Coal adjusts convertible bond exchange price

Shanxi Coking Coal Energy Group Co., Ltd. announced an adjustment to the exchange price of its controlling shareholder Shanxi Coking Coal Group's non-publicly issued exchangeable bonds. The adjustment stems from the company's 2024 profit distribution plan, which includes a cash dividend of CNY 2.2 (including tax) per 10 shares. As a result, the exchange price for the "23焦煤EB" bonds will be adjusted from CNY 9.82 per share to CNY 9.60 per share, effective July 11, 2025. The initial exchange price was CNY 10.62. The bonds, with code "117208", were issued on July 27, 2023, with a total value of CNY 2.5 billion and a term of three years and an interest rate of 0.01%.