XJJW(SH:600888) Zheng Quan Zhi Xing·2025-06-02 08:48Core Points - The company announced the first notice regarding the optional redemption of its convertible bonds, "Zhonghe Convertible Bonds" [1] - The bondholders have the right to redeem their bonds at a price of 100.35 CNY per bond, which includes accrued interest [2][3] - The redemption period is set from June 5, 2025, to June 11, 2025, with the payment date for redeemed bonds on June 16, 2025 [3][4] Redemption Terms - The additional redemption clause allows bondholders to redeem their bonds if there are significant changes in the implementation of the investment projects compared to the commitments made in the prospectus [1] - The accrued interest for the redemption is calculated based on a coupon rate of 0.4% for the second year, resulting in an interest of 0.35 CNY per bond for the specified period [2] - Bondholders can choose to redeem either part or all of their unconverted bonds, and the redemption is not mandatory [3][4] Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified redemption period [4] - The trading of "Zhonghe Convertible Bonds" will continue during the redemption period, but conversion to shares will be suspended [4][5] - If the total face value of the convertible bonds in circulation falls below 30 million CNY due to redemptions, the bonds will still continue to trade until the end of the redemption period [5]