Guoyuan Securities: Exchangeable bond price adjusted after cash dividend

Guoyuan Securities announced its third-largest shareholder, Jian'an Investment Holding Group Co., Ltd., has adjusted the share exchange price of its 2023 non-public offering of exchangeable corporate bonds (Phase I). This adjustment, effective November 12, 2025, changes the price from 9.74 yuan per share to 9.66 yuan per share. The change follows Guoyuan Securities' distribution of a cash dividend of 0.80 yuan per 10 shares (including tax) to all shareholders.

The "23 Jian'an E1" bonds were initially issued on August 31, 2023, with an initial conversion price of 10.05 yuan per share. Previous adjustments occurred on May 30, 2024, lowering the price to 9.90 yuan per share after a 2023 annual equity distribution, and again on January 21, 2025, to 9.84 yuan per share following a special dividend. A further adjustment on June 27, 2025, reduced the price to 9.74 yuan per share after the 2024 annual equity distribution.