Shenzhen Changhong Technology sees minor conversion of convertible bonds in Q3

Shenzhen Changhong Technology reported that in the third quarter of 2025, its "Changhong Convertible Bonds" saw a reduction of CNY 2,500.00 (25 bonds) due to conversion, resulting in 93 shares being issued. As of September 30, 2025, the remaining outstanding convertible bonds amounted to 4,595,214 bonds, with a total face value of CNY 459,521,400.00.

The initial conversion price for "Changhong Convertible Bonds" was CNY 28.26 per share, which has since been adjusted to the latest price of CNY 26.72 per share. The conversion period for these bonds is from October 8, 2021, to March 31, 2027.

The company's total share capital as of September 30, 2025, stands at 532,508,827 shares, reflecting the 93-share increase from conversions during the quarter. Restricted shares increased by 126,125 to 163,937,838 shares, representing 30.79% of the total, while unrestricted shares decreased by 126,032 to 368,570,989 shares, now 69.21% of the total. The "Changhong Convertible Bonds" were issued with a total value of CNY 460,000,000.00. This latest adjustment in conversion price, effective May 29, 2025, followed the implementation of the company’s 2024 annual equity distribution.