Sangfor convertible bonds see minor conversion in Q3 2025

Sangfor Technologies announced that 2,678 XinFu Bonds with a total par value of 267,800 yuan were converted into 2,412 shares of Sangfor stock during the third quarter of 2025. This conversion reflects a minor change in the company's capital structure.

As of September 30, 2025, the outstanding balance of XinFu Bonds remains substantial, with 12,143,888 bonds still unconverted, representing a total par value of 1,214,388,800 yuan. The latest conversion price for XinFu Bonds is 110.91 yuan per share, with the conversion period running from February 2, 2024, to July 26, 2029.

Following these conversions, Sangfor Technologies’ total share capital slightly increased from 421,881,295 shares to 421,883,707 shares. The number of restricted shares remained constant at 143,588,517, while unrestricted tradable shares increased by 2,412 to 278,295,190.