ANTA Sports Products (HKG:2020) will adjust the conversion price of its 1.5 billion euros zero-coupon guaranteed convertible bonds due in 2029 to HK$99.80 from HK$101.13 following shareholder approval of a final dividend, according to a Tuesday Hong Kong bourse filing.

Shares of the Chinese sportswear group were down nearly 1% in Wednesday morning trade.

The adjustment will take effect on May 19.

ANTA declared a final dividend of HK$1.08 per share for 2025, with shareholders on record as of May 18 eligible for the payout.

Assuming full conversion of the bonds following the adjustment, the bonds will be convertible into about 122.6 million shares, representing about 4.38% of the company's issued share capital.