PRCO(SZ:002225) Zheng Quan Zhi Xing·2025-08-08 16:11Core Viewpoint - The company has decided to exercise its right to redeem the "Puna Convertible Bonds" early, based on current market conditions and its own situation, and has authorized management to handle all related matters [2][10]. Group 1: Bond Redemption Details - The redemption price for the "Puna Convertible Bonds" is set at 100.906 yuan per bond, which includes the accrued interest for the current period at an annual rate of 3.80% [1][7]. - The bonds will be delisted from the Shenzhen Stock Exchange after the redemption is completed, and bondholders are advised to convert their bonds within the specified period [1][8]. - The redemption will occur on August 21, 2025, with the redemption registration date set for August 20, 2025 [7][8]. Group 2: Bond Issuance Information - The company issued a total of 6,263,903 convertible bonds on May 26, 2021, with a total value of 62,639.03 million yuan, at a face value of 100 yuan per bond [2][3]. - The bond's conversion price has been adjusted multiple times, with the latest adjustment setting it at 4.20 yuan per share effective from July 11, 2025 [4][6]. Group 3: Conditions for Redemption - The company can redeem the bonds if the stock price remains at or above 130% of the conversion price for at least 15 trading days within a 30-day period, or if the remaining unconverted bonds are less than 30 million yuan [5][6]. - The stock price thresholds for the redemption were calculated based on the adjusted conversion prices, with the 130% thresholds being 5.53 yuan and 5.46 yuan for different periods [6]. Group 4: Shareholder Transactions - The controlling shareholders and key management personnel have not traded the "Puna Convertible Bonds" in the past six months and have no plans to reduce their holdings in the next six months [9].