天阳科技: 关于“天阳转债”赎回结果的公告

Group 1 - The company issued 9.75 million convertible bonds with a total value of 975 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [1] - The convertible bonds began trading on the Shenzhen Stock Exchange on April 18, 2023, under the name "Tianyang Convertible Bonds" with the code "123184" [1] - The initial conversion price for the bonds was set at 14.92 yuan per share [2] Group 2 - The conversion period for the bonds started on October 9, 2023, and will last until the maturity date on March 22, 2029 [2] - The board of directors approved a downward adjustment of the conversion price to 11.88 yuan per share effective from February 27, 2024, due to the stock price being below 85% of the conversion price for a specified period [3] - The conversion price was further adjusted to 11.83 yuan per share effective from May 22, 2024, following the annual profit distribution plan [4] Group 3 - The company has a conditional redemption clause for the convertible bonds, which can be triggered if the stock price exceeds 130% of the conversion price for a specified period [11] - As of May 28, 2025, the stock price met the conditions for triggering the redemption clause, allowing the company to redeem the bonds [11] - The redemption price was calculated to be 100.24 yuan per bond, including interest, with a total redemption amount of approximately 1.49 million yuan for 14,885 bonds [12] Group 4 - The total face value of the redeemed bonds accounted for 0.15% of the total issuance, which will not significantly impact the company's financial status or cash flow [13] - Following the redemption, the convertible bonds will be delisted from the Shenzhen Stock Exchange [14] - The total number of shares increased by 82,710,679 due to the conversion of the bonds, which may dilute earnings per share in the short term [14]