JAFRON(SZ:300529) Zheng Quan Zhi Xing·2025-08-08 16:24Core Viewpoint - The company announces the conditional redemption of its convertible bonds ("健帆转债") due to the stock price falling below the specified threshold, allowing bondholders to redeem their bonds at a predetermined price [2][5]. Redemption Overview - The convertible bonds are eligible for redemption if the company's stock price remains below 70% of the conversion price (27.06 CNY) for 30 consecutive trading days [2]. - The redemption price is set at 100.227 CNY per bond, including interest and tax [4][5]. Redemption Conditions - Bondholders can exercise their redemption rights once during the last two interest years if the conditions are met [3][5]. - If bondholders do not submit their redemption request within the specified period, they forfeit their right to redeem for that interest year [3][5]. Interest Calculation - The interest rate for the fifth interest year is 1.80%, and the interest accrued for the redemption period is calculated to be 0.227 CNY per bond [4]. - The actual amount received by individual investors after tax deductions is 100.182 CNY per bond [4]. Redemption Procedure - The company will announce the redemption details on the trading day following the fulfillment of the redemption conditions [5]. - Bondholders must submit their redemption requests between August 8 and August 14, 2025, through the Shenzhen Stock Exchange [6]. Trading and Conversion During Redemption Period - The convertible bonds will continue to trade during the redemption period, but conversion will be suspended [6].