Enpower(SZ:300681) Zheng Quan Zhi Xing·2025-05-23 10:43Core Viewpoint - The company, Zhuhai Yingboer Electric Co., Ltd., has decided not to exercise the early redemption rights for its convertible bonds, "Yingbo Convertible Bonds," despite triggering the conditional redemption clause due to the stock price exceeding the conversion price threshold [2][6]. Group 1: Convertible Bond Issuance - The company issued 8,171,597 convertible bonds with a total fundraising amount of RMB 817.16 million, netting RMB 804.68 million after expenses, with a maturity of 6 years [3]. - The initial conversion price for the bonds was set at RMB 17.57 per share, which was later adjusted to RMB 17.46 per share due to an increase in total share capital from a stock incentive plan [4][5]. Group 2: Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [6]. - As of May 23, 2025, the company's stock price was RMB 29.22 per share, which is above the threshold of RMB 22.70 per share, thus triggering the redemption clause [9]. Group 3: Decision on Redemption - The board of directors convened on May 23, 2025, and decided not to exercise the early redemption rights, citing the protection of investor interests and current market conditions [6][8]. - The company will not exercise the redemption rights for the next six months, even if the redemption conditions are met again [6][8]. Group 4: Shareholder Transactions - The actual controller, major shareholders, and executives did not engage in any transactions involving the convertible bonds in the six months prior to the redemption conditions being met [7]. - There are no plans for these stakeholders to reduce their holdings in the convertible bonds in the upcoming six months [7].