YOOZOO(SZ:002174) Shang Hai Zheng Quan Bao·2025-08-13 18:18Core 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]. Summary by Sections Redemption Conditions - The redemption condition is met as the company's stock price has been at least 130% of the conversion price (13.13 CNY) 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]. Redemption Schedule - Key dates include: - Redemption condition satisfaction date: August 6, 2025 - Last trading day for the bonds: August 25, 2025 - Redemption registration date: August 27, 2025 - Bonds stop converting: August 28, 2025 - Redemption date: August 28, 2025 - Funds credited to the company’s account: September 2, 2025 - Investors receive redemption funds: September 4, 2025 [2][16]. 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 on the Shenzhen Stock Exchange on October 21, 2019, under the code 128074 [4]. Conversion Price Adjustments - The initial conversion price was set at 17.06 CNY per share, later adjusted to 16.97 CNY and then to 16.92 CNY due to profit distribution [5][6]. - The conversion price was further reduced to 10.10 CNY on March 7, 2025, following a shareholder meeting [7]. Redemption Implementation - The company will notify bondholders daily leading up to the redemption date [16]. - All bondholders registered by the redemption registration date will be eligible for redemption [14].