ADD(SH:603089) Zheng Quan Zhi Xing·2025-05-30 09:32Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has decided to exercise its early redemption rights for the "Zhengyu Convertible Bonds" due to the stock price meeting the necessary conditions for conditional redemption [1][2][3]. Group 1: Early Redemption Announcement - The company's board of directors approved the early redemption of "Zhengyu Convertible Bonds" during the 19th meeting of the fifth board on May 26, 2025 [1][3]. - The bonds will be redeemed at face value plus accrued interest for all registered bondholders on the redemption registration date [1][3]. - A detailed announcement regarding the redemption procedures, pricing, and timing will be disclosed shortly [1][3]. Group 2: Conditions for Redemption - From May 6, 2025, to May 26, 2025, the company's stock closed at or above 130% of the pre-distribution conversion price of 8.50 CNY per share, which is 11.05 CNY per share [2][3]. - This price condition has triggered the conditional redemption clause as outlined in the convertible bond prospectus [2]. Group 3: Investor Guidance - Investors holding the convertible bonds can either trade them in the secondary market within the specified timeframe or convert them at the adjusted conversion price of 8.40 CNY per share starting June 5, 2025 [2]. - If investors do not convert or sell their bonds in time, they may face significant investment losses due to forced redemption at 100 CNY per bond plus accrued interest [2][3].