天创时尚股份有限公司关于“天创转债”可回售的公告

Core Viewpoint - The announcement details the conditions and procedures for the redemption of "Tian Chuang Convertible Bonds" (天创转债) due to the triggering of the repurchase clause, allowing bondholders to sell their bonds back to the company at a specified price during a designated period [2][5][10]. Group 1: Bond Details - The company issued 6 million convertible bonds with a total value of RMB 600 million, each with a face value of RMB 100, on June 24, 2020, with a maturity period of 6 years [3][4]. - The bond has a tiered interest rate structure, starting from 0.40% in the first year and increasing to 2.00% in the sixth year [3][4]. - The current conversion price is RMB 12.29 per share, adjusted from the initial price of RMB 12.64 due to profit distribution [4]. Group 2: Redemption Terms - The redemption price for the bonds is set at RMB 100.27 per bond, which includes accrued interest [5][9]. - The redemption period is from August 12, 2025, to August 18, 2025, with funds to be disbursed on August 21, 2025 [5][13]. - Bondholders have the option to redeem their bonds but are not obligated to do so [10][12]. Group 3: Trading and Market Impact - During the redemption period, the bonds will continue to trade but will not be convertible into shares [14]. - If the total face value of the bonds in circulation falls below RMB 30 million due to redemptions, trading will continue until the end of the redemption period [14].