Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "精达转债," despite triggering the redemption clause due to stock price conditions [1][3]. Group 1: Convertible Bond Overview - The company issued 7.87 million convertible bonds on August 19, 2020, with a face value of RMB 100 each, raising a total of RMB 787 million [1]. - The bond's duration is from August 19, 2020, to August 18, 2026, with the conversion period from February 2, 2021, to August 18, 2026 [2]. - The initial conversion price was RMB 3.80 per share, which has been adjusted to RMB 3.35 per share due to profit distribution and stock issuance [2]. Group 2: Redemption Clause and Trigger Conditions - The redemption clause allows 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 RMB 30 million [3]. - As of May 28, 2025, the stock price conditions have been met, triggering the redemption clause [3]. Group 3: Board Decision and Future Considerations - The board has resolved not to redeem the bonds early, and this decision will hold for the next six months, from June 19, 2025, to December 18, 2025 [3][4]. - If the redemption clause is triggered again after December 19, 2025, the board will reconvene to decide on the redemption [4].
精达股份: 精达股份关于不提前赎回“精达转债”的公告