New Hope: Controlling shareholder's first tranche of convertible bonds due in 2026 entered the conversion period on July 22nd.

New Hope announced that it recently received a notification from its controlling shareholder, New Hope Group, that its private placement of technological innovation convertible corporate bonds for professional investors in 2026 will enter the conversion period on July 22, until January 21, 2031. The bonds were issued on January 22, 2026, with an actual issuance size of 3.5 billion RMB, a term of 5 years, a coupon rate of 0.10%, and an initial conversion price of 12.38 RMB per share. As of the disclosure date of the announcement, New Hope Group's direct and indirect shareholdings were 25.09% and 29.51% respectively. After the conversion, its shareholding may decrease, but it will not affect its controlling shareholder status. There is uncertainty in the conversion situation, and investors are advised to be cautious of the risks.