According to the Hongcheng Environmental Notice, as of June 30, 2026, a total of 1,132 billion yuan of “Hongcheng Convertible Bonds” had been converted into company shares, and the cumulative number of shares transferred was 199 million shares, accounting for 20.9834% of the total shares issued by the company before convertible bonds were converted to shares. From March 31 to June 30, 2026, the amount of shares transferred was 6,000 yuan, and the number of shares transferred was 1,226 shares. The amount of convertible bonds that have not been converted into shares is 668 million yuan, accounting for 37.1368% of the total amount issued. After this convertible debt-to-equity swap, the total share capital of the company increased from 1,284 billion shares to 1,284 billion shares.

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