XINHUA CHEMICAL(SH:603867) Shang Hai Zheng Quan Bao·2025-08-06 19:10Group 1 - The company Zhejiang Xinhua Chemical Co., Ltd. issued 6.5 million convertible bonds with a total amount of 650 million yuan, which were listed on December 16, 2022 [2] - The bonds have a maturity period of 6 years with a coupon rate that increases from 0.3% in the first year to 3.0% in the sixth year, and a redemption price of 115 yuan [2] - The initial conversion price was set at 32.41 yuan per share, which has been adjusted multiple times due to corporate actions [3][4] Group 2 - The company has established conditional redemption terms for the convertible bonds, which can be triggered if the stock price meets certain criteria [5] - Specifically, if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days, or if the remaining unconverted bonds are less than 30 million yuan, the company can redeem the bonds [6] - As of July 15, 2025, the stock price has met the criteria for triggering the redemption clause, with a requirement for the stock price to be at least 25.753 yuan per share in the following trading days [6]