Autel(SH:688208) Zheng Quan Zhi Xing·2025-06-30 16:21Summary of Key Points Core Viewpoint - The announcement details the interest payment schedule and terms for the convertible bonds issued by Shenzhen Daotong Technology Co., Ltd., highlighting the bond's issuance, interest rates, and conversion details [1][2][3]. Group 1: Convertible Bond Issuance - The company issued 12.8 million convertible bonds with a total value of 1.28 billion yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [1]. - The bonds have a six-year term from July 8, 2022, to July 7, 2028, with a tiered interest rate structure starting at 0.30% in the first year and reaching 2.00% by the sixth year [1][2]. Group 2: Interest Payment Details - The interest payment for the third year will be made on July 8, 2025, covering the period from July 8, 2024, to July 7, 2025, at a rate of 1.00%, resulting in a payment of 1 yuan per bond before tax [3][4]. - The interest payment will be made to bondholders registered as of July 7, 2025, with the payment process managed by the China Securities Depository and Clearing Corporation [5]. Group 3: Conversion Terms - The convertible bonds can be converted into shares starting January 16, 2023, with an initial conversion price of 34.73 yuan per share, which has been adjusted multiple times, currently standing at 22.55 yuan per share effective from May 14, 2025 [2][3][4].