Zheshang Securities(SH:601878) Zheng Quan Zhi Xing·2025-07-27 16:14Overview of the Buyback Situation - The buyback of convertible bonds by Zhengyuan Smart Group Co., Ltd. was triggered due to a significant change in the use of raised funds as approved in meetings held on July 7, 2025, and July 24, 2025 [1][2] - The additional buyback clause allows bondholders to sell their bonds back to the company if there is a major change in the implementation of the investment projects compared to the commitments made in the prospectus [2][3] Buyback Terms - The buyback price for the "Zhengyuan Convertible Bond 02" is set at 100.168 CNY per bond, which includes accrued interest and tax [3][4] - The accrued interest calculation formula is provided, with the interest rate for the current period being 0.6% and the interest period being 102 days [3][4] Buyback Process and Payment - The buyback announcement period requires the company to publish at least three announcements regarding the buyback, with specific timing outlined [4][5] - The buyback application period is from July 29, 2025, to August 4, 2025, during which bondholders can submit their buyback requests [4][5] - Payment for the buyback will be processed through the China Securities Depository and Clearing Corporation, with funds expected to be credited to investors by August 11, 2025 [5] Trading and Conversion During Buyback Period - The "Zhengyuan Convertible Bond 02" will continue to trade during the buyback period, but conversion rights will be suspended [5] Sponsor's Review Opinion - The sponsor, Zheshang Securities, has reviewed the buyback process and found it compliant with relevant regulations and the prospectus agreements, expressing no objections to the buyback [5]