Citic Pacific Special Steel adjusts convertible bond price after dividend

Citic Pacific Special Steel Group announced an adjustment to the conversion price of its Zhongte Convertible Bonds from RMB 22.43 per share to RMB 22.23 per share. This adjustment, effective October 15, 2025, follows the company’s 2025 semi-annual profit distribution plan, approved at an extraordinary general meeting on September 1, 2025.

The dividend distribution entails a cash dividend of RMB 2.00 (tax inclusive) per 10 shares to all shareholders registered by the equity record date of October 14, 2025. The ex-dividend date is set for October 15, 2025. The adjustment formula P1=P0-D (where P1 is the adjusted price, P0 is the original price, and D is the cash dividend per share) was applied to reflect the dividend payout.

The company's total share capital increased to 5,047,157,829 shares as of September 25, 2025, due to the conversion of 309 shares from convertible bonds. The cash dividend distribution totals RMB 1,009,431,565.8, representing 36.07% of the company’s 2025 semi-annual net profit attributable to listed company shareholders.