YOOZOO(SZ:002174) Shang Hai Zheng Quan Bao·2025-08-12 20:35Summary of Key Points Core Viewpoint - YooZoo Network Co., Ltd. has announced the early redemption of its convertible bonds, "YooZoo Convertible Bonds," due to the fulfillment of redemption conditions as specified in the bond's terms [1][3]. Group 1: Redemption Details - The redemption conditions are met as the company's stock price has been at least 130% of the conversion price for 15 out of the last 30 trading days [3][7]. - The redemption price is set at 101.8575 CNY per bond, including interest and tax [2][11]. - The bonds will stop trading on August 25, 2025, and the redemption date is August 28, 2025 [2][16]. Group 2: Bond Issuance and Trading - The company issued 11,500,000 convertible bonds on September 23, 2019, with a total value of 115 million CNY [4]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting October 21, 2019 [4]. Group 3: Conversion and Price Adjustments - The initial conversion price was set at 17.06 CNY per share, later adjusted to 16.97 CNY and then to 10.10 CNY due to profit distribution and other factors [5][7][6]. - The conversion period for the bonds is from March 27, 2020, to September 23, 2025 [4]. Group 4: Redemption Process - All bondholders registered by the redemption registration date will be eligible for redemption [14]. - The funds from the redemption will be credited to the bondholders' accounts by September 4, 2025 [16].