Dawn(SZ:002838) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-21 00:13Summary of Key Points Core Viewpoint The announcement details the redemption results of the convertible bonds issued by Shandong Daon High Polymer Materials Co., Ltd., including the conditions for redemption, the redemption price, and the impact on the company's financials. Group 1: Convertible Bond Issuance and Listing - The company issued 3,600,000 convertible bonds at a total amount of RMB 360 million, with each bond having a face value of RMB 100 [2][24]. - The bonds were listed on the Shenzhen Stock Exchange on July 20, 2020, under the name "Daon Convertible Bonds" and code "128117" [3][25]. - The conversion period for these bonds is from January 8, 2021, to July 1, 2026 [4][26]. Group 2: Conversion Price Adjustments - The initial conversion price was RMB 29.32 per share, which has been adjusted to RMB 11.76 per share as of the latest update [5][27]. Group 3: Conditional Redemption Conditions - The redemption was triggered as the company's stock price was above 130% of the conversion price for at least 15 out of 30 consecutive trading days [7][29]. - The company has the right to redeem the bonds if the remaining balance is less than RMB 30 million or if the stock price condition is met [6][30]. Group 4: Redemption Implementation - The redemption price is set at RMB 101.73 per bond, which includes accrued interest [9][32]. - The total amount to be paid for the redemption is RMB 875,183.19, covering 8,603 bonds that were not converted [14][38]. Group 5: Impact of Redemption - The redemption of the bonds represents 0.24% of the total issuance and is not expected to significantly impact the company's financial status or cash flow [15]. - The total share capital has increased by 30,428,874 shares due to the conversion of bonds, which may dilute earnings per share in the short term [17]. Group 6: Bond Delisting - The bonds will be delisted from the Shenzhen Stock Exchange on May 21, 2025, following the completion of the redemption [16][39].