Feilu(SZ:300665) Zheng Quan Zhi Xing·2025-08-07 08:08Core Points - The company has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 consecutive trading days [2][7] - The redemption price for the convertible bonds is set at 100.55 CNY per bond, which includes accrued interest [8][7] - Investors are advised to convert their bonds before the redemption date to avoid potential losses, as unconverted bonds will be forcibly redeemed [1][8] Summary by Sections Convertible Bond Basic Information - The company issued 177 million CNY of convertible bonds on June 5, 2020, with a face value of 100 CNY each, totaling 1,770,000 bonds [2] - The bonds were listed on the Shenzhen Stock Exchange on July 3, 2020, under the name "Feilu Convertible Bonds" [3] Conversion Period and Price Adjustments - The conversion period for the bonds is from December 11, 2020, to June 4, 2026 [3] - The initial conversion price was set at 9.9 CNY per share, which has been adjusted multiple times due to various corporate actions [4][5][6] Conditional Redemption Clause - The company has the right to redeem the bonds if the stock price conditions are met or if the remaining unconverted bonds are less than 30 million CNY [7] - The stock price condition was met between June 24, 2025, and July 14, 2025, triggering the redemption clause [7] Redemption Implementation - The redemption will occur on August 8, 2025, with the redemption price being 100.55 CNY per bond [8] - All bondholders registered with the China Securities Depository and Clearing Corporation will be eligible for redemption [8] Additional Information - The company confirms that there have been no transactions in the convertible bonds by major stakeholders in the six months prior to the redemption condition being met [8]