Dawn(SZ:002838) Shang Hai Zheng Quan Bao·2025-04-22 20:59Core Viewpoint - The company, Shandong Daon High Polymer Materials Co., Ltd., has announced the early redemption of its convertible bonds, "Daon Convertible Bonds," due to the fulfillment of redemption conditions as specified in the bond's terms [1][5][9]. Summary by Sections Redemption Announcement - The redemption price for "Daon Convertible Bonds" is set at 101.73 CNY per bond, including accrued interest at an annual rate of 2.00% [2][12]. - The bonds will be fully redeemed, and any bonds not converted by the deadline will be forcibly redeemed [3][9]. Redemption Conditions - The redemption conditions were triggered as the company's stock price was at least 130% of the conversion price (15.29 CNY) for 15 out of 30 trading days from March 19 to April 15, 2025 [4][9]. - The redemption date is scheduled for May 13, 2025, with the last trading day for the bonds on May 8, 2025 [4][16]. Bond Issuance Details - The company issued 3,600,000 convertible bonds on July 2, 2020, with a total value of 360 million CNY [5][6]. - The initial conversion price was set at 29.32 CNY per share, which has been adjusted to 11.76 CNY per share [7][8]. Redemption Implementation - The redemption process includes a series of dates: trading stops on May 8, registration for redemption on May 12, and funds reaching bondholders' accounts by May 20, 2025 [16][17]. - The company will publish daily announcements regarding the redemption until the redemption date [15]. Other Matters - The company confirms that there have been no transactions involving the convertible bonds by major shareholders in the six months leading up to the redemption conditions being met [18]. - Bondholders must process conversion requests through their respective securities firms, with a minimum conversion unit of one bond [19].