New Hope Dairy sees minimal Q3 conversion of convertible bonds

New Hope Dairy's convertible corporate bonds, known as "New Hope Convert," experienced limited conversion activity in the third quarter of 2025. The conversion resulted in a reduction of bond value by CNY 1,000, corresponding to 10 bonds converted into 55 shares. As of September 30, 2025, the outstanding convertible bond amount stood at CNY 71,788.54 million, representing 7,178,854 outstanding bonds.

The company's total share capital increased by 55 shares to 860,676,919 shares. Unrestricted circulating shares rose from 850,708,651 to 850,708,706, maintaining a 98.84% proportion of the total share capital. Restricted circulating shares remained unchanged at 9,968,213 shares.

The current conversion price for "New Hope Convert" is CNY 17.95 per share, effective from June 26, 2025. The conversion period for these bonds began on June 24, 2021, and is set to conclude on December 17, 2026. This announcement, dated October 10, 2025, provides transparency on the bond conversion and its impact on the company's equity structure.