TYN(SZ:000591) Zheng Quan Zhi Xing·2025-07-04 16:35Core Viewpoint - The company plans to issue convertible bonds totaling 2.95 billion yuan in 2025 and intends to repurchase shares to enhance investor confidence and reduce registered capital [1][20]. Group 1: Bond Issuance - The company will issue convertible bonds with a total face value of 2.95 billion yuan in 2025 [1]. - The bonds will be managed by Huatai United Securities, which will convene a bondholders' meeting from July 7 to July 11, 2025 [4][20]. Group 2: Share Repurchase - The company has approved a share repurchase plan, with a total funding of no less than 100 million yuan and no more than 200 million yuan [15][16]. - The maximum repurchase price is set at 6.63 yuan per share, adjusted from 6.69 yuan due to a cash dividend distribution [15][16]. - The repurchased shares will be used for cancellation and reduction of registered capital [15][16]. - The estimated number of shares to be repurchased is at least 15.08 million, accounting for approximately 0.77% of the company's total share capital [17]. Group 3: Meeting Procedures - Bondholders can express objections to the announcement within five trading days, and failure to respond will be considered as agreement [2][8]. - The meeting will be held online, and attendance registration is not required due to the simplified procedure [4][6]. - The bondholders' meeting will review the share repurchase proposal, which has already been approved by the company's board and annual general meeting [2][15].