Sangfor adjusts convertible bond price after share capital changes

Sangfor Technologies announced an adjustment to the conversion price of its convertible bonds from 110.91 yuan per share to 110.93 yuan per share, effective November 26, 2025. This adjustment follows the cancellation of 1,255,715 repurchased shares, which reduced the company's total share capital from 421,883,707 shares to 420,627,992 shares.

The company also reported the forfeiture of 1,050,606 unvested restricted shares under its 2021 Restricted Stock Incentive Plan. This includes 1,017,726 shares from the initial grant and 32,880 shares from the reserved grant, as participants failed to vest due to share price performance relative to the grant price.

These changes are in accordance with the company’s convertible bond prospectus and relevant regulations.