Dowstone(SZ:300409) Zheng Quan Zhi Xing·2025-04-02 10:39Core Viewpoint - The company has announced the early redemption of its convertible bond "Dao Shi Zhuan 02" due to the triggering of conditional redemption clauses based on stock price performance [2][4]. Group 1: Convertible Bond Overview - The company issued 26,000,000 convertible bonds at a price of 100 RMB each, raising a total of 2.6 billion RMB, with a net amount of approximately 2.58 billion RMB after expenses [2]. - The initial conversion price was set at 15.46 RMB per share, which has been adjusted to 12.93 RMB per share as of the announcement date [4][5]. Group 2: Conditional Redemption Terms - The conditional redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [3][4]. - The stock price reached 16.81 RMB per share, triggering the redemption clause [2][4]. Group 3: Redemption Implementation - The redemption price is set at 100.02 RMB per bond, which includes accrued interest calculated based on the bond's face value and interest rate [5]. - The redemption will be executed on April 15, 2025, with funds transferred to bondholders' accounts on April 22, 2025 [6][8]. Group 4: Shareholder Transactions - The company's controlling shareholder, Rong Jihua, sold all 5,515,518 bonds held prior to the redemption condition being met, representing 21.21% of the total issuance [7].