银轮股份: 关于不提前赎回银轮转债的公告

Core Viewpoint - Zhejiang Yinlun Machinery Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, known as "Yinlun Convertible Bonds," for the upcoming twelve months, prioritizing investor interests and market conditions [1][4][5]. Summary by Sections Convertible Bond Basic Information - The company issued 7 million convertible bonds with a total value of 700 million RMB, each with a face value of 100 RMB, approved by the China Securities Regulatory Commission on June 7, 2021 [1][2]. - The conversion period for these bonds is from December 13, 2021, to June 6, 2027, with adjustments to the conversion price due to annual profit distributions [2]. Conditional Redemption Situation - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining balance of unconverted bonds is less than 30 million RMB [2][3]. Decision on Early Redemption - The board of directors has resolved not to exercise the early redemption rights for the "Yinlun Convertible Bonds" from May 1, 2024, to April 30, 2025, despite the bonds triggering the conditional redemption clause [3][4]. - The decision will be reassessed if the bonds trigger the redemption clause again after May 26, 2026 [5]. Rationale for Not Redeeming Early - The decision to not redeem early is based on current market conditions and the company's actual situation, aiming to protect investor interests [4][6]. Shareholder Trading and Future Plans - There have been no transactions of the "Yinlun Convertible Bonds" by major shareholders or executives in the six months prior to the redemption condition being met, and there are no plans for reduction in holdings in the next six months [5][6]. Sponsor Institution's Verification Opinion - The sponsor institution has confirmed that the decision not to redeem the bonds early has followed necessary procedures and complies with relevant regulations, ensuring no harm to the interests of the company and its shareholders [6].