精锻科技: 上海市锦天城律师事务所关于江苏太平洋精锻科技股份有限公司提前赎回可转换公司债券的法律意见书

Core Viewpoint - Jiangsu Pacific Precision Forging Technology Co., Ltd. has obtained legal opinions confirming that it meets the conditions for the early redemption of its convertible bonds, known as "Precision Convertible Bonds" [1][9]. Group 1: Company Background and Bond Issuance - The company has issued convertible bonds totaling RMB 980 million, with a maturity of 6 years, approved by regulatory authorities [4]. - The bonds were issued on February 15, 2023, with a face value of RMB 100 per bond, and the subscription was conducted through an online pricing mechanism [4][5]. Group 2: Redemption Conditions - The company is allowed to redeem the bonds if the closing price of its stock exceeds 130% of the conversion price for at least 15 trading days within any 30-day period [5][9]. - The initial conversion price was set at RMB 13.09 per share, which has been adjusted to RMB 12.97 per share due to corporate actions [6][7]. Group 3: Approval and Compliance - The board of directors has approved the early redemption of the bonds, which will be executed at a price of RMB 100.45 per bond, including accrued interest [9]. - The legal opinion confirms that the company has fulfilled all necessary regulatory requirements and internal approvals for the redemption process [9][10].