Bojay(SZ:002975) Zheng Quan Zhi Xing·2025-03-24 08:20Core Viewpoint - The company announces the early redemption of "Bojie Convertible Bonds" at a price of 100.70 CNY per bond, urging bondholders to convert their bonds into shares before the deadline to avoid potential losses [1][12][14]. Summary by Sections Convertible Bond Basic Information - The company issued 5.26 million convertible bonds on November 17, 2021, with a total amount of 52.6 million CNY, and each bond has a face value of 100 CNY [1][2]. - The initial conversion price was set at 62.17 CNY per share, which was later adjusted to 61.82 CNY and subsequently to 61.85 CNY due to equity distribution [2][4][6]. Conversion Price Adjustments - The conversion price was adjusted to 61.87 CNY on August 1, 2023, and further adjusted to 61.89 CNY on May 7, 2024, following the company's stock performance and share repurchase actions [6][7][11]. Early Redemption Conditions - The company has the right to redeem the convertible bonds if the stock price exceeds 130% of the conversion price for a specified period. The redemption price is set at 100.70 CNY per bond, including accrued interest [12][13]. - The redemption will occur on April 25, 2025, and all bondholders registered by April 24, 2025, will be eligible for redemption [13][14]. Redemption Implementation - The accrued interest for the bonds is calculated based on the formula provided, resulting in an approximate interest of 0.70 CNY per bond for the current period [12][13]. - The company will notify bondholders of the redemption results and the delisting of the bonds from the Shenzhen Stock Exchange [13][14]. Shareholder Transactions - The company confirms that major shareholders and executives did not trade "Bojie Convertible Bonds" in the six months leading up to the redemption conditions being met [13][14].