Daimay(SH:603730) Zheng Quan Zhi Xing·2025-04-01 09:18Key Points - The company, Shanghai Daimai Automotive Interior Parts Co., Ltd., issued 9,079,390 convertible bonds on July 18, 2023, with a total amount of RMB 907.939 million and a maturity of 6 years [1] - The coupon rates for the bonds are set at 0.30% for the first year, 0.50% for the second year, 1.00% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year [1] - The initial conversion price for the bonds is set at RMB 15.72 per share, with the conversion period starting from January 24, 2024 [2] - A proposal to lower the conversion price from RMB 15.72 to RMB 13.31 per share has been submitted for shareholder approval [3] - Following the completion of the annual profit distribution plan in 2023, the conversion price will be further adjusted to RMB 9.93 per share starting June 3, 2024 [3] - As of March 31, 2025, a total of RMB 26,000 worth of bonds have been converted into 2,135 shares, representing 0.0002% of the total shares before conversion [4][5] - The total amount of unconverted bonds as of March 31, 2025, is RMB 907,913,000, which constitutes the majority of the issued bonds [4] - The total share capital of the company increased from 1,652,756,249 to 1,652,756,450 shares due to the conversion of bonds [5]