SMIC(SH:600810) Zheng Quan Zhi Xing·2025-05-27 09:25Core Viewpoint - The company announces the second reminder regarding the optional redemption of "Shenma Convertible Bonds" (code: 110093), highlighting that the closing price of the bonds is higher than the redemption price, which may lead to losses for investors choosing to redeem [1][3]. Summary by Sections Redemption Terms - The "Shenma Convertible Bonds" include an additional redemption clause, allowing bondholders to redeem their bonds at face value plus accrued interest if there are significant changes in the use of raised funds compared to the commitments in the prospectus [2]. - The accrued interest calculation formula is provided, detailing the components involved in determining the interest amount [2]. Redemption Price and Period - The redemption price is set at 100.16 CNY per bond, which includes accrued interest [3]. - The redemption period is from May 28, 2025, to June 4, 2025, with the payment date for redeemed funds on June 9, 2025 [3][4]. - During the redemption period, the "Shenma Convertible Bonds" will stop converting into shares but will continue to trade [4]. Redemption Process - Bondholders can choose to redeem part or all of their unconverted bonds, and the redemption is not mandatory [4]. - The redemption application must be submitted through the Shanghai Stock Exchange system during the specified period, and once confirmed, cannot be revoked [4]. - If the total face value of the bonds falls below 30 million CNY due to redemptions, the bonds will still continue to trade until the end of the redemption period [5].