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Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2025-003
Convertible bond code: 118031 Convertible bond abbreviation: day 23 convertible bond
Trina Solar Co., Ltd
Announcement on the results of the conversion of convertible bonds into equity and changes in shares
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.
Important Content Reminder: ?
? Cumulative share conversion: As of December 31, 2024, the cumulative amount of "Tian 23 convertible bonds" has been 230,000 yuan
The number of shares converted into shares of Trina Solar Co., Ltd. (hereinafter referred to as the "Company") is 3,291 shares, accounting for 0.0002% of the total issued shares of the Company before the conversion of "Tian23 Convertible Bonds".
Unconverted convertible bonds: As of December 31, 2024, the "Day 23 Convertible Bonds" have not yet been converted into shares
The amount of bonds was RMB8,864,521,000, accounting for 99.9974% of the total issuance of "Tian 23 Convertible Bonds".
Transfers for the quarter: From October 1, 2024 to December 31, 2024, "Day 23
A total of 9,000 yuan has been converted into shares of the company, and the number of shares converted is 126 shares, accounting for the "23 days of convertible bonds" to shares
0.00001% of the total issued shares of the former company.
1. Overview of the issuance and listing of convertible bonds
The company was registered in 2023 with the approval of the China Securities Regulatory Commission Zheng Jian Xu Xu [2023] No. 157
On February 13, 88,647,510 convertible corporate bonds, each with a face value of 100, were issued to unspecified objects
yuan, with a total issuance amount of 886,475.10 million yuan. The term is six years from the date of issue, i.e. from February 13, 2023
to February 12, 2029.
Approved by the Shanghai Stock Exchange's Self-Regulatory Decision ([2023] No. 33), the company 886,475.10
The 10,000 yuan convertible corporate bond will be listed and traded on the Shanghai Stock Exchange from March 15, 2023
It is called "Day 23 Convertible Bond", and the bond code is "118031".
In accordance with the relevant regulations and the Prospectus for the Issuance of Convertible Corporate Bonds by Trina Solar Co., Ltd. to Unspecified Targets (hereinafter referred to as the "Prospectus"), the convertible company issued by the Company this time
The conversion period of the bonds is from August 17, 2023 to February 12, 2029, the beginning of the convertible corporate bonds
The initial transfer price is 69.69 yuan/share, and the latest transfer price is 68.42 yuan/share.
As the Company completed the first grant of the 2020 restricted stock incentive plan on May 31, 2023
In the second vesting period, the second vesting registration procedure, the company's share capital was changed from 2,173,242,227 shares to 2,173,425,666 shares. At the same time, the company implemented the 2022 equity distribution, and determined the cash dividend per share
The profit is 0.47796 yuan (tax included). To sum up, the conversion price of "Tian 23 Convertible Bonds" was adjusted from 69.69 yuan per share
69.21 yuan/share. The adjusted conversion price will take effect on June 27, 2023.
As the Company completed the first grant portion of the 2020 restricted stock incentive plan on July 13, 2023
In the second vesting period, the number of vested shares is 134,496 shares, accounting for a small proportion of the company's total share capital, and the conversion price of "Tian 23 Convertible Bonds" remains unchanged at 69.21 yuan per share.
As the Company completed the first grant of the 2020 restricted stock incentive plan on January 17, 2024
The first vesting registration procedure for the third vesting period, the vesting number is 5,801,875 shares, and the conversion of this convertible bond
The share price was adjusted from RMB 69.21 per share to RMB 69.05 per share, and the adjusted conversion price will be on January 23, 2024
date.
Since the company will implement the 2023 annual equity distribution in June 2024, this time it is a differentiated dividend, virtual
The cash dividend per share was 0.62908 yuan per share, so the conversion price of "Tian 23 Convertible Bonds" was adjusted to
RMB 68.42 per share, and the adjusted conversion price will take effect on June 20, 2024.
2. The conversion of convertible bonds into shares
The conversion period of the "Day 23 Convertible Bonds" is from August 17, 2023 to February 12, 2029. Since 2024
From October 1 to December 31, 2024, a total of 9,000 yuan of "Day 23 Convertible Bonds" has been converted into a company
Stocks, the number of shares converted is 126 shares, accounting for 0.00001% of the total issued shares of the company before the conversion of "Day 23 Convertible Bonds".
As of December 31, 2024, a total of 230,000 yuan of "Day 23 Convertible Bonds" has been converted into company shares.
A total of 3,291 shares were converted, accounting for 0.0002% of the total issued shares of the company before the conversion of "Tian 23 Convertible Bonds".
As of December 31, 2024, the amount of convertible bonds that have not yet been converted into shares in the "Day 23 Convertible Bonds" is
RMB8,864,521,000, accounting for 99.9974% of the total issuance of "Tian 23 Convertible Bonds".
3. Changes in share capital
Share Class Before Change (September 2024 After the Convertible Bond Conversion Change (December 2024
30 Month) Shares 31 Month)
Limited Shares 0 0 0
Unrestricted Shares Outstanding 2,179,365,202 126 2,179,365,328
Total share capital 2,179,365,202 126 2,179,365,328
4. Miscellaneous
For details of the "Day 23 Convertible Bonds", please refer to the company's statement on February 9, 2023
The Prospectus is published on the website of the Shanghai Stock Exchange (www.sse.com.cn).
Contact Department: Office of the Board of Directors
Contact number: 0519-81588826
Contact email: IR@trinasolar.com
The announcement is hereby made.
Board of Directors of Trina Solar Co., Ltd
January 3, 2025
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