Zhejiang Taitan (SZ:003036) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-02 02:53Summary of Titan Co., Ltd. Convertible Bond Announcement Core Viewpoint The announcement provides detailed information regarding the conversion status and resale options for Titan Co., Ltd.'s convertible bonds, highlighting the low conversion rate and the upcoming resale period for bondholders. Group 1: Convertible Bond Conversion Status - As of June 30, 2025, a total of 560,700.00 yuan of Titan convertible bonds have been converted into 41,843 shares, representing 0.019% of the company's total shares before conversion [2][7] - The amount of unconverted convertible bonds as of June 30, 2025, is 294,939,300.00 yuan, accounting for 99.81% of the total issuance [2][7] - During the period from April 1, 2025, to June 30, 2025, 130 bonds (13,000.00 yuan) were converted, resulting in 974 shares, which is 0.00045% of the total shares before conversion [2][7] Group 2: Convertible Bond Issuance and Terms - Titan Co., Ltd. issued 2,955,000 convertible bonds on October 25, 2023, with a total value of 295,500,000.00 yuan, each with a face value of 100 yuan and a maturity of six years [3] - The initial conversion price was set at 13.81 yuan per share, which was adjusted to 13.39 yuan on May 23, 2024, and further adjusted to 13.27 yuan on June 27, 2025, due to equity distribution [4][5] Group 3: Resale Information - The resale price for the convertible bonds is set at 100.478 yuan per bond (including interest and tax), with the resale period from July 1 to July 7, 2025 [9][11] - The funds from the resale will be credited to investors' accounts by July 14, 2025, following the payment processing dates [14] - Bondholders have the option to choose whether to participate in the resale, which is not mandatory [10][12]