Cecep Solar halts convertible bond conversion for equity distribution

Cecep Solar Energy Co., Ltd. has announced a temporary suspension of its "Taineng convertible bond" conversion period. The suspension is effective from December 25, 2025, until the equity record date for the company's 2025 third-quarter equity distribution. Conversion will resume on the first trading day following this record date, a decision aligning with regulations for convertible bonds.

Shareholders approved the 2025 third-quarter profit distribution plan at an extraordinary general meeting on November 17, 2025. The "Taineng convertible bond" has a total issuance of 29,500,000 shares, each with a face value of 100 yuan, raising a total of 2.95 billion yuan. This convertible bond began trading on the Shenzhen Stock Exchange on April 16, 2025, with a conversion period spanning from October 9, 2025, to March 27, 2031.

During the suspension, the "Taineng convertible bond" will continue to trade normally. Investors are advised to monitor the situation, as the suspension is a standard procedure to adjust the conversion price in light of the upcoming dividend distribution.