Zheng Quan Zhi Xing·2025-07-25 16:37Summary of Key Points Core Viewpoint - The company, Shandong Liancheng Precision Manufacturing Co., Ltd., is proceeding with the early redemption of its convertible bonds, "Liancheng Convertible Bonds," based on the conditions outlined in its offering documents and relevant regulations [11]. Group 1: Convertible Bond Issuance and Redemption - The company issued 260 million RMB of convertible bonds in 2020, with a maturity period of 6 years [1]. - The initial conversion price was set at 24.37 RMB per share, which has undergone several adjustments, the latest being 17.44 RMB per share effective from June 26, 2023 [2][5]. - The early redemption was triggered as the stock price exceeded 130% of the conversion price for 15 trading days [6]. Group 2: Redemption Details - The redemption price is set at 100.22 RMB per bond, which includes accrued interest calculated based on the bond's face value and interest rate [8]. - The redemption will be executed for all holders registered by the redemption date of August 15, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange post-redemption [9]. - Investors will be subject to a 20% tax on interest income, affecting the net redemption amount [10]. Group 3: Compliance and Approval - The underwriting institution, Changcheng Securities, confirmed that the early redemption process complies with relevant laws and the terms set forth in the offering documents [11].