Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "Nuitai Convertible Bonds," despite triggering the conditional redemption clauses due to stock prices exceeding the specified thresholds [2][6]. Group 1: Convertible Bond Issuance and Listing - The company issued 350 million yuan worth of convertible bonds on June 27, 2023, with a total of 3.5 million bonds at a face value of 100 yuan each, resulting in a net fundraising amount of approximately 344 million yuan after deducting issuance costs [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on July 18, 2023, under the name "Nuitai Convertible Bonds" and code "123201" [3]. Group 2: Conversion Price Adjustments - The conversion price of the bonds was adjusted from 29.88 yuan to 21.25 yuan per share effective May 21, 2024, and further adjusted to 21.19 yuan per share effective October 15, 2024 [3][4]. - The conversion price was subsequently lowered to 15.04 yuan per share effective May 26, 2025 [4]. Group 3: Conditional Redemption Clauses - The conditional redemption clauses allow the company 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 unconverted bonds are less than 30 million yuan [5]. - From May 20 to June 12, 2025, the stock price met the criteria for triggering the redemption clauses [5]. Group 4: Decision on Early Redemption - The board of directors decided not to exercise the early redemption rights for the bonds, considering the short conversion period and current market conditions, aiming to protect the interests of bondholders [6]. - The company will reassess the situation after September 12, 2025, if the redemption conditions are met again [6]. Group 5: Shareholder Transactions - There have been no transactions of "Nuitai Convertible Bonds" by major shareholders or executives in the six months prior to the redemption conditions being met, and there are no plans for future reductions in holdings [7].
纽泰格: 关于不提前赎回纽泰转债的公告