Summary by Futu AI
Jinshan Software Limited (“Golden Shan Software”) announced an adjustment to the exchange price of its HK$31 billion 0.625 billion convertible notes issued in 2020. This adjustment is due to the Company's dividend distribution to shareholders at the end of 2021, 2022 and 2023, respectively, resulting in an adjustment in the exchange price under the terms and conditions of the Notes. The adjustment will take effect on 8 June 2024 and the adjusted exchange price will decrease from HK$35.32 per share to HK$34.77 per share. Assuming the outstanding amount remains unchanged, the Company may increase the maximum number of shares to be converted at the exchange price of the outstanding convertible debentures to 1,388,351 shares. The Company has obtained a general mandate from shareholders at the 2019 Annual General Meeting to issue and distribute additional convertible shares and will apply for the listing and sale of additional convertible shares with the Hong Kong Stock Exchange Limited.