Bairun adjusts convertible bond price after share buyback

Shanghai Bairun Investment Holding Group has adjusted the conversion price of its "Bairun Convertible Bonds" from RMB 46.66 per share to RMB 46.68 per share, effective September 10, 2025. This adjustment follows the company's repurchase and cancellation of 820,400 restricted shares, representing 0.0782% of the total share capital before the buyback. The buyback was due to individuals' departure and the non-achievement of performance conditions for the second unlocking period of the 2021 restricted share incentive plan.

The total amount spent on the repurchase was RMB 17,981,328.08, funded by the company's own capital. The repurchase price was RMB 21.92 per share, which includes the adjusted grant price of RMB 20.51 per share plus bank deposit interest. Following the buyback, the company’s total share capital decreased from 1,049,368,955 shares to 1,048,548,555 shares.

The company confirmed that the share capital structure change will not affect its controlling shareholder or actual controller, and Bairun's equity distribution still meets listing requirements. This action is in accordance with relevant regulations and the 2021 Restricted Share Incentive Plan.