TGC(SZ:300265) Zheng Quan Zhi Xing·2025-07-31 16:15Core Viewpoint - Jiangsu Tongguang Electronic Cable Co., Ltd. has decided not to redeem its convertible bonds early, as the stock price has met the conditions for conditional redemption, but the company will not exercise this right until the maturity date of the bonds [1][2]. Summary by Sections Board Meeting - The sixth board meeting of Jiangsu Tongguang was held on July 31, 2025, with all seven directors present, complying with legal and regulatory requirements [1]. - The meeting was chaired by Chairman Zhang Zhong, and the agenda included the discussion and resolution of the early redemption of the convertible bonds [1]. Convertible Bonds - The company confirmed that from July 7, 2025, to July 31, 2025, the stock price has been above 130% of the conversion price of the convertible bonds (7.88 CNY/share), triggering the conditional redemption clause [1]. - The company has opted not to redeem the "Tongguang Convertible Bonds" early and plans to redeem them at maturity, which is set for November 3, 2025 [1].