Zheng Quan Zhi Xing·2025-08-03 16:18Core Points - The announcement details the conditional redemption rights for the convertible bonds issued by Great Wall Motors, allowing bondholders to sell their bonds back to the company at a specified price due to a decline in the stock price [1][2] Redemption Terms - Redemption Price: 100.20 RMB per bond (including current interest and tax) [1][4] - Redemption Period: From July 29, 2025, to August 4, 2025 [1][4] - Payment Date for Redemption Funds: August 7, 2025 [1][4] - During the redemption period, the convertible bonds will stop being convertible into shares [1][4] - The redemption is not mandatory; bondholders can choose whether to redeem [1][4] Conditions for Redemption - The redemption rights are activated if the closing price of the company's A-shares is below 70% of the current conversion price for 30 consecutive trading days [2][3] - If bondholders do not exercise their redemption rights during the specified period, they will lose the right to redeem for the current interest year [1][2] Interest Calculation - The interest rate for the fifth year (June 10, 2025, to June 9, 2026) is set at 1.5%, with the current interest calculated to be approximately 0.20 RMB per bond [4][5] Trading During Redemption Period - The convertible bonds will continue to trade during the redemption period but will not be convertible into shares [5] - If the total face value of the convertible bonds falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period [5]