Summary of Key Points Core Viewpoint - The company has activated the conditional redemption clause for its convertible bonds, "Guowei Convertible Bonds," due to the stock price falling below 70% of the conversion price for a consecutive thirty trading days, indicating potential liquidity concerns for bondholders [1][2]. Redemption Conditions - The conditional redemption clause is triggered when the company's stock price remains below 70% of the current conversion price for thirty consecutive trading days during the last two interest payment years of the convertible bonds [2][3]. - The specific stock price thresholds are set at 68.26 CNY per share (70% of 97.51 CNY) and 68.11 CNY per share (70% of 97.30 CNY) [1][2]. Redemption Price and Interest Calculation - The redemption price for the "Guowei Convertible Bonds" is set at 100.212 CNY per bond, which includes accrued interest calculated at a rate of 1.80% for the current interest period [4][5]. - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days in the interest period [4][5]. Redemption Process and Payment Method - The company will announce the redemption details, including conditions, application period, and payment methods, in compliance with the Shenzhen Stock Exchange regulations [5][6]. - The redemption application period is set from July 23, 2025, to July 29, 2025, during which bondholders can submit their redemption requests through the trading system [5][6]. Trading During Redemption Period - The "Guowei Convertible Bonds" will continue to be traded during the redemption period, but conversion to stock will be suspended [6].
紫光国微: 关于“国微转债”回售的第四次提示性公告