JOVE(SZ:300814) Zheng Quan Zhi Xing·2025-03-24 10:38Core Viewpoint - The company announces the implementation of the early redemption of its convertible bonds, highlighting the significant difference between the market price and the redemption price, urging bondholders to convert their bonds within the specified period to avoid potential losses [1][5]. Group 1: Convertible Bond Redemption Details - The company will redeem the convertible bonds at a price of 100.19 yuan per bond (including tax) [1][6]. - The redemption was triggered as the company's stock price met the condition of being at least 130% of the conversion price (36.17 yuan) for at least 15 out of 30 consecutive trading days [5][4]. - The redemption period is set from January 17, 2025, to February 28, 2025, during which bondholders are advised to convert their bonds to avoid losses [1][5]. Group 2: Convertible Bond Issuance and Terms - The company issued convertible bonds with a total amount of 520 million yuan, and they began trading on November 3, 2023 [3][2]. - The conversion period for these bonds starts on April 20, 2024, and ends on October 15, 2029 [3][4]. - The initial conversion price was set at 36.44 yuan per share, which was later adjusted to 27.93 yuan per share due to market conditions [3][4]. Group 3: Redemption Process and Procedures - The redemption price includes accrued interest calculated based on a 0.40% annual coupon rate, resulting in a total redemption price of 100.19 yuan per bond [6][5]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the close of trading on April 10, 2025 [6][7]. - The redemption funds will be transferred to the bondholders' accounts on April 18, 2025 [7][6].