LONGDA(SZ:002726) Shang Hai Zheng Quan Bao·2025-05-08 20:42Core Viewpoint - The company announces the first notice regarding the conditional redemption of its convertible bonds, "Longda Convertible Bonds," due to the stock price falling below a specified threshold, allowing bondholders to sell their bonds back to the company at a predetermined price [2][4]. Summary by Sections Redemption Overview - The redemption clause is activated as the company's stock price has been below 70% of the conversion price (6.51 CNY) for 30 consecutive trading days [2][4]. - The redemption price is set at 101.479 CNY per bond, including accrued interest [3][6]. Redemption Conditions - The redemption right can be exercised by bondholders if the stock price condition is met during the last two interest years of the bonds [4][7]. - The redemption period is from May 9, 2025, to May 15, 2025, with the redemption condition trigger date being May 7, 2025 [3][9]. Payment and Procedures - The company will process the redemption payments through the China Securities Depository and Clearing Corporation, with funds being credited to investors by May 22, 2025 [10]. - During the redemption period, trading of "Longda Convertible Bonds" will continue, but conversion into shares will be suspended [10].