Core Viewpoint - Shenzhen Longke Intelligent Electric Co., Ltd. has announced the early redemption of its convertible bonds ("Longke Convertible Bonds") at a price of 100.32 yuan per bond, which includes tax, and advises bondholders to convert their bonds into shares within the specified period to avoid forced redemption [1][2][3] Summary by Sections Convertible Bond Basic Information - The company issued 3.8 million convertible bonds on February 9, 2021, with a total amount of 380 million yuan [2][3] - The bonds were listed on the Shenzhen Stock Exchange on March 16, 2021, under the code "123100" [3] Conversion Period and Price Adjustments - The conversion period for the bonds started on August 23, 2021, and will end on February 8, 2027 [3] - The current conversion price is 9.88 yuan per share, adjusted from previous prices due to equity distributions [5][6] Conditional Redemption Trigger - The redemption condition was triggered as the stock price met the requirement of being at least 130% of the conversion price (12.85 yuan) for 15 out of 30 trading days from February 20 to March 17, 2025 [2][6] Redemption Details - The redemption price is set at 100.32 yuan per bond, which includes accrued interest calculated based on a 2% annual interest rate for 58 days [6][7] - The redemption will occur on April 9, 2025, with funds transferred to bondholders' accounts by April 16, 2025 [8] Bondholder Actions - Bondholders are advised to convert their bonds before the redemption date to avoid losses, especially if their bonds are pledged or frozen [1][2] - The minimum conversion unit is 1 bond, and any fractional shares resulting from conversion will be compensated in cash [9]
朗科智能: 关于提前赎回朗科转债的第十次提示性公告