QILU BANK(SH:601665) Zheng Quan Zhi Xing·2025-08-14 16:39Core Viewpoint - The announcement details the early redemption of "Qilu Convertible Bonds" by Qilu Bank, including the redemption amount, payment date, and the impact on the company's capital structure [1][3]. Redemption Details - Redemption Amount: RMB 7,279,000 (72,790 bonds) [1] - Total Redemption Payment: RMB 7,330,461.63 (including current interest) [1] - Redemption Payment Date: August 14, 2025 [1] - Bond Delisting Date: August 14, 2025 [1] Redemption Conditions - The redemption was triggered as the stock price of Qilu Bank exceeded 130% of the bond's conversion price for 15 trading days [1]. - The conversion price was adjusted from RMB 5.14 to RMB 5.00 per share starting June 12, 2025 [1]. Redemption Process - The company disclosed the early redemption decision on July 5 and July 12, 2025, and issued 22 reminders from July 15 to August 13, 2025 [2]. - The redemption registration date was set for August 13, 2025, for all bondholders registered with the Shanghai branch of China Securities Depository and Clearing Corporation [2]. Financial Impact - The total redemption amount of RMB 7,330,461.63 will not significantly impact the company's cash flow [3]. - The completion of the early redemption will increase the company's total share capital, enhancing its capital strength and supporting sustainable development [3]. Shareholder Changes - Post-redemption, the ownership percentages of major shareholders decreased, with the largest shareholder, Commonwealth Bank of Australia, dropping from 14.66% to 12.12% [5]. - Other significant shareholders also experienced a reduction in their ownership percentages following the conversion and redemption [5][6].