EMTEK(SZ:300938) Zheng Quan Zhi Xing·2025-08-14 16:26Core Viewpoint - Shenzhen Xince Standard Technology Service Co., Ltd. has announced the early redemption of its convertible bonds "Xince Convertible Bonds" due to the triggering of conditional redemption clauses based on stock price performance [2][6]. Group 1: Convertible Bond Redemption Announcement - The company will redeem "Xince Convertible Bonds" at a price of 100.42 CNY per bond, which includes accrued interest [7][8]. - The redemption is set to occur after the close of trading on September 5, 2025, with funds expected to reach bondholders' accounts by September 15, 2025 [8][9]. - The bonds will be delisted from the Shenzhen Stock Exchange following the completion of the redemption [7][9]. Group 2: Triggering Conditions for Redemption - The redemption was triggered as the stock price met the condition of being at least 130% of the conversion price for 15 out of 30 consecutive trading days [2][6]. - The conversion price was adjusted to 18.22 CNY per share, effective from May 29, 2025, following previous adjustments [5][6]. Group 3: Convertible Bond Issuance Details - The company issued 5,450,000 convertible bonds with a total value of 545 million CNY, approved by the China Securities Regulatory Commission [2][3]. - The initial conversion price was set at 36.89 CNY per share, with the bonds listed on the Shenzhen Stock Exchange starting November 29, 2023 [3][4]. Group 4: Financial Implications - The net proceeds from the bond issuance, after deducting issuance costs, amounted to approximately 533.56 million CNY [3]. - The company incurred issuance costs totaling approximately 11.44 million CNY [3].