京源环保: 关于不提前赎回“京源转债”的公告

Core Points - Jiangsu Jingyuan Environmental Protection Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to stock prices exceeding 130% of the conversion price for a specified period [1][5] - The company decided not to exercise the early redemption rights for the convertible bonds during the board meeting held on July 18, 2025, citing confidence in future development and market conditions [1][5] Summary by Sections Conditional Redemption Trigger - From June 28, 2025, to July 14, 2025, the stock price closed above 130% of the conversion price (12.727 CNY/share) for 11 trading days [1][5] - From July 15, 2025, to July 18, 2025, the stock price closed above 130% of the conversion price (8.983 CNY/share) for 4 trading days [1][5] - The stock met the requirement of having at least 15 trading days out of 30 with closing prices above the specified threshold [1][5] Convertible Bond Issuance Overview - The company issued 3.325 million convertible bonds on August 5, 2022, with a face value of 33.25 million CNY, and they began trading on August 25, 2022 [2] - The initial conversion price was set at 13.93 CNY/share, effective from February 13, 2023 [2] Conversion Price Adjustments - The conversion price was adjusted from 13.90 CNY/share to 9.82 CNY/share on June 9, 2023, due to the company's annual equity distribution [3] - Following the completion of the second vesting period of the stock incentive plan on February 21, 2024, the conversion price was further adjusted to 9.79 CNY/share [4] Decision on Early Redemption - The board of directors resolved not to redeem the convertible bonds early based on the company's confidence in its future prospects and current market conditions [5] - The company will not propose a conditional redemption plan if the bonds trigger the redemption clause again within the next three months [2][5] Shareholder Transactions - There have been no transactions involving the convertible bonds by major shareholders or executives in the six months leading up to the redemption condition [6]