BEAR APPLIANCE(SZ:002959) Zheng Quan Zhi Xing·2025-06-18 12:26Group 1 - The company has issued convertible bonds totaling RMB 536 million, with a face value of RMB 100 per bond, and a maturity period of 6 years starting from August 2022 [4][3] - The initial conversion price for the bonds is set at RMB 55.23 per share, which is subject to adjustments based on various corporate actions such as stock dividends and capital increases [5][6] - The bondholders are entitled to an annual interest payment that varies over the bond's term, starting at 0.40% in the first year and increasing to 3.00% in the sixth year [4][5] Group 2 - The company has undergone adjustments to the conversion price due to dividend distributions, with the price changing from RMB 55.23 to RMB 54.44 on May 30, 2023, and further adjustments thereafter [19][20] - The company has decided not to adjust the conversion price downwards despite the stock price falling below 85% of the conversion price for a specified period [21][22] - The company will redeem the bonds at 115% of the face value plus the last interest payment if they remain unconverted at maturity [11][10] Group 3 - The company has established rights and obligations for bondholders, including the right to convert bonds into shares and to receive interest payments [14][15] - The company is required to convene bondholder meetings under certain conditions, such as changes to the bond terms or failure to pay interest [15] - The credit rating for the company and its bonds has been consistently rated at AA- with a stable outlook by Zhongzheng Pengyuan [16][17]