BYE(SH:603861) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-09 00:00Core Viewpoint - Guangzhou Baiyun Electric Equipment Co., Ltd. has decided to exercise its early redemption rights for the "Bai Dian Convertible Bonds" due to the stock price meeting the necessary conditions for redemption [2][3]. Group 1: Early Redemption of "Bai Dian Convertible Bonds" - The company held its 20th meeting of the 7th Board of Directors on August 6, 2025, where it approved the proposal for the early redemption of the "Bai Dian Convertible Bonds" [2][3]. - The redemption will occur at the bond's face value plus accrued interest for all bonds registered on the redemption registration date [2][3]. - The stock price has been at or above 130% of the conversion price for 15 trading days prior to the meeting, triggering the conditional redemption clause [3]. Group 2: Investor Guidance - Investors can either continue trading the "Bai Dian Convertible Bonds" in the secondary market or convert them at a price of 7.63 yuan per share within the specified timeframe [2][4]. - If investors do not convert or sell their bonds in time, they may face significant investment losses due to forced redemption at a price of 100 yuan per bond plus accrued interest [2][4]. - It is advised that investors holding pledged or frozen bonds should resolve these issues in advance to avoid being forced into redemption [4].