Zheng Quan Zhi Xing·2025-07-30 16:36Group 1 - The company issued 4.485 million convertible bonds named "Mingdian Zhuang 02" with a total amount of 448.50 million yuan, approved by the China Securities Regulatory Commission on July 3, 2023 [1][2] - The bonds were listed on the Shenzhen Stock Exchange on July 19, 2023, with an initial conversion price of 14.75 yuan per share starting from January 8, 2024 [2][3] - The board of directors approved a downward adjustment of the conversion price from 14.75 yuan to 12.09 yuan per share, effective May 8, 2024 [3] Group 2 - The company plans to distribute a cash dividend of 2.00 yuan per 10 shares based on a total share capital of 298,794,160 shares for the year 2023 [3][4] - The conversion price will be further adjusted to 11.89 yuan per share on May 30, 2024, and then to 11.91 yuan per share on July 12, 2024, due to stock repurchase and conversion activities [5][6] Group 3 - The company has conditional redemption clauses for the bonds, allowing redemption if the stock price exceeds 130% of the conversion price during the conversion period [6][7] - The board decided not to exercise the early redemption rights for "Mingdian Zhuang 02" to protect investor interests, considering the short conversion period starting January 8, 2024 [7][8] Group 4 - There have been no transactions of "Mingdian Zhuang 02" by major shareholders or executives in the six months prior to the redemption conditions being met, and no plans for future reductions have been reported [8][9] - The sponsor confirmed that the decision not to redeem early has followed necessary procedures and complies with relevant regulations [9]