🇨🇳Zhipu’s zero-coupon bonds priced at 100.5% of principal, with an initial conversion price of HK$892.50; placement shares represented 4.50% of enlarged capital.

The share placement was priced at HK$714 per share, approximately 9.96% below the closing price preceding the announcement. The placement shares represented approximately 4.50% of enlarged issued share capital; that percentage describes the placement, not the potential additional dilution from bond conversion.

The convertible bonds carry a zero coupon and were issued at 100.5% of principal. The reported terms specify redemption at principal at maturity, distinguishing the issue price from the maturity redemption amount.

The initial conversion price is HK$892.50 per share, a 25% premium to the placement price and approximately 12.55% above the preceding closing price. The supplied announcement summaries do not give the maturity date, collateral provisions, conversion adjustments, or total potential conversion-related dilution.