Zheng Quan Zhi Xing·2025-08-01 16:23Group 1 - The company, Ningbo Jintian Copper Industry (Group) Co., Ltd., issued 14.5 million convertible bonds with a total amount of 1.45 billion yuan, which will be traded on the Shanghai Stock Exchange starting from August 28, 2023 [1][2] - The initial conversion price of the bonds was set at 6.75 yuan per share, which was later adjusted to 6.63 yuan per share due to the company's annual equity distribution [2][3] - The conversion price was further adjusted to 5.90 yuan per share following a board resolution and will remain at this level until the next adjustment [3][4] Group 2 - The company has a conditional redemption clause for the convertible bonds, which allows redemption if the stock price exceeds 130% of the conversion price for a specified period [5] - The redemption condition was met as the stock price was above 7.53 yuan per share for fifteen trading days [5][6] - The company decided to exercise its right to redeem the convertible bonds early, with the redemption price being the face value plus accrued interest [6][7] Group 3 - The company’s major shareholders and executives did not trade the convertible bonds within six months prior to the redemption condition being met [6] - The sponsor institution, Dongfang Securities, confirmed that the redemption process complied with relevant regulations and internal procedures [7]