Zheng Quan Zhi Xing·2025-07-07 16:23Group 1 - The core point of the article is that Qindao Weilon Valve Co., Ltd. has decided to exercise the early redemption of its convertible bonds, "Weilon Convertible Bonds," based on specific conditions being met [1][7] - The total amount raised from the issuance of the convertible bonds is RMB 269.71 million, with a net amount of RMB 262.64 million after deducting issuance costs [1][2] - The initial conversion price of the bonds was set at RMB 8.60 per share, which will be adjusted to RMB 8.26 per share effective from May 29, 2025, due to the company's profit distribution plan [2][4] Group 2 - The conditions for early redemption of the "Weilon Convertible Bonds" include the stock price closing at or above 130% of the conversion price for 15 trading days [4][6] - The redemption price for the bonds is calculated to be RMB 100.485 per bond, which includes accrued interest [5][6] - The redemption process will involve all registered bondholders as of July 31, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after redemption [5][6] Group 3 - The company’s board of directors has approved the early redemption of the bonds, and the necessary decision-making procedures have been followed [7] - The actual controller and major shareholders have not engaged in any trading of the bonds in the six months prior to the redemption conditions being met [6][7] - The sponsor, CITIC Securities, has confirmed that the early redemption process complies with relevant regulations and the terms outlined in the offering document [7]