Summary by Futu AI
Great Wall Motor announced that the conversion price of its convertible corporate bonds, "Changqi Bond", will be adjusted due to the implementation of annual equity distribution in 2023. The original conversion price was 39.94 yuan/share, and the adjusted conversion price is 39.64 yuan/share, which will take effect on June 12, 2024. This price adjustment is based on the company's cash dividend of 0.30 yuan (tax included) per share. Due to the equity distribution, the conversion of "Changqi Bond" will be suspended from June 4 to June 11, 2024, and will resume on June 12. The company publicly issued 35 million convertible corporate bonds with a face value of 100 yuan per bond and a total amount of 3.5 billion yuan on June 10, 2021, and began trading on the Shanghai Stock Exchange on July 8 of the same year. The board of directors of Great Wall Motor issued this announcement on June 4, 2024.