Xi'an Sunresin adjusts convertible bond price after cash dividend

Xi'an Sunresin New Materials Co., Ltd. has announced an adjustment to the conversion price of its "Lanxiao Convertible Bonds 02." Effective October 23, 2025, the conversion price will be adjusted from RMB 59.68 per share to RMB 59.50 per share. This adjustment follows the company's 2025 semi-annual profit distribution plan, which includes a cash dividend.

The semi-annual profit distribution, approved at the first extraordinary general meeting on September 10, 2025, entails a cash dividend of RMB 1.8 per 10 shares (including tax) based on 507,115,589 shares (total share capital excluding repurchased shares). The actual cash dividend for conversion price calculation is RMB 0.1798049 per share after accounting for the total share capital of 507,665,589 shares and repurchased shares.

This adjustment adheres to the terms of the "Prospectus for Public Issuance of Convertible Corporate Bonds by Xi'an Sunresin New Materials Co., Ltd. to Unspecified Investors" and relevant regulations from the China Securities Regulatory Commission concerning convertible bond issuances. The convertible bonds were temporarily suspended from conversion during the dividend distribution period.