Dynagreen Environmental Protection Group Co., Ltd. (Dynagreen) disclosed the first-quarter 2026 results of its A-share convertible bonds (code: 113054) issued in February 2022.

The RMB2.36 billion issue, carrying step-up coupons from 0.20% in year one to 2.00% in year six and listed on the Shanghai Stock Exchange on 23 March 2022, entered its conversion window on 5 September 2022. Following multiple equity-distribution and incentive-scheme adjustments, the conversion price stands at RMB8.89 per share.

Conversion activity in Q1 2026 was minimal: • Bonds converted: RMB3,000 (30 bonds), producing 336 A shares. • Cumulative conversions since launch: RMB142,000 (1,420 bonds), yielding 14,686 A shares—equivalent to 0.0010% of pre-conversion share capital. • Outstanding bonds: RMB2.36 billion, representing 99.9940% of the original issue.

Share-capital structure after the Q1 2026 conversions is as follows: • Tradable A shares with restrictions: unchanged at 37.13 million. • Tradable A shares without restrictions: 989.09 million, up by 336 shares. • H shares: unchanged at 404.36 million. Total share capital increased marginally to 1.43 billion shares.

The conversion period for the Dynagreen convertible bonds runs through 24 February 2028.