Topscore Fashion(SH:603608) Zheng Quan Zhi Xing·2025-08-14 16:15Summary of Key Points Core Viewpoint - The company announces the terms for the repurchase of its convertible bonds, allowing bondholders to sell their bonds back to the company at a specified price during a designated period, contingent on certain conditions being met [1][2]. Group 1: Repurchase Terms - The repurchase price is set at 100.27 RMB per bond, which includes accrued interest and tax [1][5]. - The repurchase period is from August 12, 2025, to August 18, 2025 [1][5]. - The payment date for the repurchase funds is August 21, 2025 [1][5]. - During the repurchase period, the convertible bonds will stop being convertible into shares [1][5]. - Bondholders have the option to choose whether to participate in the repurchase, making it non-mandatory [1][5]. Group 2: Conditions for Repurchase - The repurchase clause is activated if the company's stock price falls below 70% of the conversion price for any 30 consecutive trading days during the last two interest years of the bond [2][3]. - If the bondholders do not exercise their repurchase rights during the specified period, they will lose the right to do so for the current interest year [2][3]. Group 3: Interest Calculation - The interest rate for the sixth year of the bonds is set at 2%, with the interest calculation based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days in the interest period [4][5]. Group 4: Repurchase Process - Bondholders must submit their repurchase requests through the Shanghai Stock Exchange trading system during the designated period [5][6]. - The repurchase will not affect the trading of the bonds, which will continue to be traded during the repurchase period, although conversion will be halted [6].