JTGROUP(SH:601609) Zheng Quan Zhi Xing·2025-05-09 09:13Core Viewpoint - Ningbo Jintian Copper Industry (Group) Co., Ltd. announces the first notice regarding the conditional redemption of "Jintian Convertible Bonds" due to the stock price being below 70% of the conversion price for 30 consecutive trading days [1][2]. Summary by Sections Redemption Terms - The conditional redemption clause is activated if the company's A-share stock closing price remains below 70% of the current conversion price for 30 consecutive trading days during the last two interest years of the convertible bonds [1][2]. - Holders of the convertible bonds have the right to redeem all or part of their bonds at face value plus accrued interest [1][2]. Redemption Price and Period - The redemption price is set at 100.27 RMB per bond (including accrued interest) [2][3]. - The redemption period is from May 16, 2025, to May 22, 2025, with funds to be disbursed on May 27, 2025 [2][3]. Redemption Process - Holders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified redemption period [3][4]. - If the redemption conditions are met but holders do not submit their requests within the redemption period, they will lose the right to redeem for that interest year [2][3]. Trading During Redemption Period - "Jintian Convertible Bonds" will continue to trade during the redemption period but will stop converting [4]. - If the total face value of the convertible bonds falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period [4].