Infore Environment: minimal convertible bond conversion in Q3 2025

As of September 30, 2025, Infore Environment's "Yingfeng Convertible Bonds" totaling RMB 159,400 have been converted into 19,559 shares of the company's A-share ordinary stock since May 10, 2021. This represents 0.0006% of the company's total ordinary shares before the conversion. Specifically, between July 1 and September 30, 2025, RMB 4,500 of the convertible bonds were converted, resulting in 585 new shares.

The vast majority of the convertible bonds, amounting to RMB 1,476,029,200, or 99.9891% of the total issued amount, remain unconverted. The initial conversion price for the bonds, issued in November 2020, was RMB 8.31 per share. Due to equity distributions, the conversion price has been adjusted multiple times, with the latest adjustment on July 28, 2025, setting it at RMB 7.67 per share.

Following these conversions, the total share capital of Infore Environment as of September 30, 2025, increased by 585 shares to 3,166,943,903 shares. Unrestricted tradable shares now stand at 3,165,436,203, while restricted tradable shares remain unchanged at 1,507,700.