Zheng Quan Zhi Xing·2025-05-26 10:24Group 1 - The company, Zhejiang Yinlun Machinery Co., Ltd., has decided not to redeem its convertible bonds early, as approved by its board of directors [5][6]. - The convertible bonds, issued on June 7, 2021, totaled 700,000 bonds with a face value of RMB 100 each, amounting to a total of RMB 700 million [2][3]. - The conversion price of the bonds has been adjusted multiple times due to annual profit distributions, currently set at RMB 10.51 per share effective from May 20, 2024 [3][4]. Group 2 - The company has triggered the conditional redemption clause of the convertible bonds, as the stock price exceeded 130% of the conversion price for at least 15 trading days [4]. - The board has resolved to not exercise the early redemption right from May 1, 2024, to April 30, 2025, and will reassess the situation if the redemption conditions are met again [5][6]. - The underwriting institution, CITIC Securities, has confirmed that the decision not to redeem the bonds early complies with relevant regulations and does not harm the interests of shareholders, especially minority shareholders [6][7].