GUOXIN MICRO(SZ:002049) Zheng Quan Zhi Xing·2025-07-21 16:34Fundraising Overview - The company issued 15 million convertible bonds with a face value of RMB 100 each, raising a total of RMB 150 million, after deducting issuance costs of RMB 12.12 million, resulting in a net amount of RMB 137.88 million [1] - The bonds were approved by the China Securities Regulatory Commission and began trading on July 14, 2021, under the name "Guo Wei Convertible Bonds" with the code "127038" [1] Redemption Conditions - The conditional redemption clause is activated if the company's stock price falls below 70% of the conversion price for 30 consecutive trading days during the last two interest years of the bonds [2] - The conversion price for the bonds is set at RMB 97.51 per share, meaning the stock price must remain above RMB 68.26 for the first period and RMB 68.11 for the second period to avoid triggering the redemption [2][3] Redemption Rights and Procedures - Bondholders have the right to redeem all or part of their bonds at face value plus accrued interest if the redemption conditions are met [3][5] - The redemption price is calculated to be RMB 100.212 per bond, including interest, with actual proceeds varying based on tax implications for different types of investors [4][5] Announcement and Reporting - The company is required to announce the redemption conditions and procedures within one trading day after the conditions are met, and to provide daily reminders until the end of the redemption period [5][6] - The redemption period for bondholders to submit their requests is from July 23 to July 29, 2025, with specific instructions on how to proceed [5][6] Compliance and Verification - The underwriting institution has verified that the redemption matters comply with relevant regulations and the terms outlined in the offering prospectus, expressing no objections to the redemption process [7]