Group 1 - The company has triggered the conditional redemption clause for its convertible bonds, "Li Yang Convertible Bonds," as the stock price has met the required threshold of 130% of the current conversion price of 16.12 CNY per share for 15 out of 30 trading days from July 7, 2025, to August 6, 2025 [1][4] - The board of directors has decided not to exercise the early redemption rights for the "Li Yang Convertible Bonds" due to the short time since issuance and the desire to treat all investors fairly, considering the company's fundamentals and market conditions [4][5] - The company will not propose a conditional redemption plan if the "Li Yang Convertible Bonds" trigger the redemption clause again within the next six months, from August 7, 2025, to February 6, 2026 [2][4] Group 2 - The company was approved to issue 5.2 million convertible bonds with a face value of 100 CNY each, raising a total of 520 million CNY, with a net amount of approximately 512.89 million CNY after expenses [2][3] - The initial conversion price for the "Li Yang Convertible Bonds" was set at 16.13 CNY per share, which was adjusted to 16.12 CNY per share following the completion of a stock incentive plan [3][4] - The company has disclosed the trading activities of its major shareholders and executives regarding the "Li Yang Convertible Bonds," indicating that the controlling shareholder and other related parties did not trade the bonds during the six months leading up to the redemption condition being met [5]
利扬芯片: 关于不提前赎回“利扬转债”的公告