Hangzhou Oxygen Plant adjusts convertible bond price after buyback

Hangzhou Oxygen Plant Group adjusted its convertible bond conversion price from 25.98 yuan per share to 26.07 yuan per share, effective July 21, 2025.

The adjustment follows the company's repurchase and cancellation of 5.5 million restricted shares from 733 incentive recipients who failed to meet performance targets. The buyback cost 60.4 million yuan and reduced total share capital by 0.56% to 978.3 million shares.