EMT(SH:601208) Shang Hai Zheng Quan Bao·2025-07-31 19:07Core Viewpoint - The company, Sichuan Dongcai Technology Group Co., Ltd., has announced that its convertible bond, "Dongcai Convertible Bond," is expected to meet the conditions for redemption based on stock price performance [2][10]. Summary by Sections Convertible Bond Issuance Overview - The company issued 14 million convertible bonds with a total value of 1.4 billion RMB, each with a face value of 100 RMB, on November 16, 2022, with a maturity of six years [2][3]. - The coupon rates for the bonds are set to increase over the years, starting from 0.30% in the first year to 2.00% in the sixth year [2]. Convertible Bond Trading and Price Adjustment - The bonds were listed for trading on the Shanghai Stock Exchange starting December 12, 2022 [3]. - The initial conversion price was set at 11.75 RMB per share, with adjustments made due to various corporate actions, including dividend distributions and stock repurchases, resulting in a current conversion price of 11.53 RMB per share [4][5][6][7]. Conditional Redemption Terms and Expected Trigger - The conditional redemption terms allow the company to redeem the bonds if the stock price remains above 130% of the conversion price for a specified number of trading days [8][10]. - As of the announcement, the stock price has been above the threshold for 10 trading days, and if it continues to meet the criteria for 20 trading days with at least 5 days above the threshold, the redemption clause will be triggered [10][11].