Digital China(SZ:000034) Shang Hai Zheng Quan Bao·2025-04-01 18:13Core Viewpoint - The announcement details the conversion and redemption status of the company's convertible bonds, "Shenma Convertible Bonds," highlighting the adjustments in conversion price and the company's plans for early redemption due to specific market conditions [1][3][12]. Convertible Bond Details - The company issued 13,389,990 convertible bonds at a price of RMB 100 each, raising a total of RMB 1,338,999,000, with a net amount of RMB 1,327,703,700 after expenses [1]. - The initial conversion price was set at RMB 32.51 per share, which was adjusted to RMB 32.07 due to the company's annual equity distribution plan, effective from May 6, 2024 [2][3]. - The conversion period for the bonds is from June 27, 2024, to December 20, 2029 [3]. Redemption and Conversion Status - As of March 27, 2025, the bonds have triggered the conditional redemption clause, as the stock price exceeded 130% of the conversion price for 15 trading days [3]. - The company plans to fully redeem the bonds on March 27, 2025, marking the last day for conversion [3]. - In the first quarter of 2025, the company saw a reduction of 13,365,686 bonds, amounting to RMB 1,336,568,600, with a total conversion of 41,674,169 shares [5]. Share Capital Changes - As of March 31, 2025, the remaining quantity of "Shenma Convertible Bonds" is 22,688, with a remaining value of RMB 2,268,800 [5].