Core Viewpoint - The company announces the second reminder regarding the repurchase of "Dazhong Convertible Bonds" with specific terms and conditions for bondholders to exercise their repurchase rights [1][2][5] Summary by Sections Repurchase Terms Overview - The repurchase price is set at 100.644 RMB per bond (including interest and tax) [1][6] - The conditions for repurchase will be met on April 3, 2025 [1] - The repurchase application period is from April 9 to April 15, 2025 [3][10] - The funds will be credited to investors on April 22, 2025 [1][10] Reasons for Repurchase Activation - The activation of the repurchase clause is due to significant changes in the implementation of investment projects compared to the commitments made in the prospectus [5][6] - The company has approved adjustments to the scale and timeline of certain projects, including the expansion of the lithium resource recovery project [5] Calculation of Accrued Interest - The accrued interest for the repurchase is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days [3][7] - For this repurchase, the accrued interest amounts to 0.644 RMB per bond, leading to a total repurchase price of 100.644 RMB per bond [8] Repurchase Rights - Bondholders have the right to choose whether to exercise the repurchase option, and they can sell back either part or all of their unconverted bonds [9] Repurchase Procedure and Payment Method - The company will announce the repurchase details at least three times, including before and during the repurchase period [10] - Payments will be processed through the China Securities Depository and Clearing Corporation, with specific dates for fund transfer and crediting to investors [10][11] Trading During Repurchase Period - "Dazhong Convertible Bonds" will continue to be traded during the repurchase period, but conversion to stocks will be suspended [11]
大中矿业股份有限公司关于“大中转债”回售的第二次提示性公告