Shanxi Coal adjusts exchangeable bond conversion price after dividend

Shanxi Coal Energy Group Co., Ltd. has received notification from its controlling shareholder, Shanxi Coking Coal Group Co., Ltd., regarding an adjustment to the conversion price for its 2023 non-public offering of exchangeable corporate bonds (First Tranche). The bonds, issued on July 27, 2023, with a principal amount of 2.5 billion yuan, initially had a conversion price of 10.62 yuan per share.

Effective July 12, 2024, the conversion price was adjusted to 9.82 yuan per share. A further adjustment will occur on October 29, 2025, from 9.60 yuan per share to 9.56 yuan per share, due to the company's 2025 interim cash dividend distribution.

The company’s board approved a 2025 interim profit distribution plan to disburse a cash dividend of 0.36 yuan (including tax) per 10 shares, totaling 204,375,638.12 yuan, representing 20.16% of the company's net profit attributable to shareholders for the first half of 2025. The ex-dividend date for this distribution is October 29, 2025.