Zhengchuan Pharmapack(SH:603976) Shang Hai Zheng Quan Bao·2025-06-12 18:21Core Viewpoint - The company announces the conditional redemption of its convertible bonds, "Zhengchuan Convertible Bonds," allowing bondholders to sell their bonds back to the company at a specified price during a designated period [2][3][7]. Redemption Terms - The redemption price is set at 100.35 RMB per bond, including the current interest [2][11]. - The redemption period is from June 20, 2025, to June 26, 2025, during which the bonds will stop converting into shares [4][10]. - If bondholders do not exercise their redemption rights during this period, they will lose the opportunity to redeem for the current interest year [2][3]. Conditions for Redemption - The redemption clause is activated if the company's stock price remains below 70% of the bond's conversion price for 30 consecutive trading days [3][5]. - The bondholders have the option to redeem part or all of their unconverted bonds, and this redemption is not mandatory [7][8]. Interest Calculation - The interest for the current period is calculated based on a 2.40% annual rate, resulting in approximately 0.35 RMB per bond for the 53 days from April 28, 2025, to June 20, 2025 [6][12]. Trading During Redemption Period - The "Zhengchuan Convertible Bonds" will continue to trade during the redemption period but will not allow conversion into shares [14]. - If the total face value of the bonds in circulation falls below 30 million RMB due to redemptions, the bonds will still continue to trade until the end of the redemption period [15].