QILU BANK(SH:601665) Shang Hai Zheng Quan Bao·2025-08-14 19:29Core Viewpoint - The announcement details the early redemption of "Qilu Convertible Bonds" by Qilu Bank, triggered by the stock price conditions, and outlines the implications for the company's capital structure and shareholder equity [2][10][15]. Redemption Announcement - The total amount redeemed is RMB 7,279,000 (72,790 bonds) [2]. - The redemption was triggered as the stock price met the conditions set in the bond issuance prospectus, with the conversion price adjusted to RMB 5.00 per share [2][3]. - The board approved the early redemption on July 4, 2025, and multiple announcements were made regarding the redemption process [3][10]. Redemption Details - The redemption date is set for August 13, 2025, with the redemption price at RMB 100.7068 per bond [5][10]. - The total redemption amount, including accrued interest, is RMB 7,330,461.63, with payment scheduled for August 14, 2025 [6][14]. Impact on Company - As of the redemption date, the remaining balance of "Qilu Convertible Bonds" is RMB 7,279,000, representing 0.09% of the total issuance [10]. - A total of RMB 7,992,721,000 in bonds has been converted into 1,573,009,191 shares, accounting for 34.34% of the pre-conversion total shares [11]. - The company's total share capital will increase to 6,153,842,525 shares post-redemption, which may dilute earnings per share in the short term but is expected to strengthen the company's capital base for sustainable growth [15]. Shareholder Changes - Significant changes in shareholding proportions for major shareholders were noted, with some falling below the 5% disclosure threshold due to the bond conversion and redemption [16].