天创时尚股份有限公司关于“天创转债”可回售的第四次提示性公告

Core Points - The company announces the right of "Tianchuang Convertible Bonds" holders to choose whether to sell back their bonds, which is not mandatory [1] - If bondholders do not declare and implement the sell-back during the specified period, they will lose the right to sell back for the interest year from June 24, 2025, to June 23, 2026 [1] - The current closing price of "Tianchuang Convertible Bonds" is higher than the sell-back price, indicating potential losses for those who choose to sell back [1] Summary of Relevant Sections Sell-Back Terms and Price - The sell-back clause is activated if the company's stock price is below 70% of the conversion price for any 30 consecutive trading days during the last two interest years of the bonds [2] - The sell-back price is set at 100.27 RMB per bond, including accrued interest and tax [4][10] - The sell-back period is from August 12, 2025, to August 18, 2025, with funds to be disbursed on August 21, 2025 [4][11] Accrued Interest Calculation - The accrued interest is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days [5][6] - For the sixth year, with a coupon rate of 2% and 49 days of interest, the accrued interest amounts to approximately 0.27 RMB per bond [6] Sell-Back Procedures - Bondholders can sell back part or all of their unconverted bonds during the sell-back period [7] - The sell-back application must be submitted through the Shanghai Stock Exchange trading system and cannot be revoked once confirmed [7][8] - If the application is unsuccessful on the first day, bondholders can continue to apply on subsequent days within the sell-back period [8][9] Trading During Sell-Back Period - "Tianchuang Convertible Bonds" will continue to trade during the sell-back period but will stop conversion [12] - If the total face value of the bonds in circulation falls below 30 million RMB due to sell-backs, trading will continue until the end of the sell-back period [12]