DO&SH(SZ:002798) Zheng Quan Zhi Xing·2025-08-15 08:18Core Viewpoint - The company announced the activation of the repurchase clause for its convertible bonds, "Diou Convertible Bonds," due to changes in the use of raised funds, allowing bondholders to sell their bonds back to the company at a specified price [1][2][4]. Summary by Sections Repurchase Clause Overview - The repurchase clause was activated following the company's decision to change the use of raised funds, which includes reallocating surplus funds of 476.5843 million yuan for permanent working capital [1][2]. - The company held meetings on August 8, 2025, to approve the change in fund usage, which triggered the repurchase rights for bondholders [1][2]. Repurchase Terms - Bondholders are entitled to sell their bonds back at a price equal to the face value plus accrued interest, calculated as 101.284 yuan per bond, including tax [3][4]. - The accrued interest is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds, i is the annual coupon rate of 1.60%, and t is the number of days from the last interest payment to the repurchase date [3][4]. Repurchase Procedure and Payment Method - The repurchase announcement must be published at least three times, with specific timelines for the announcement and the repurchase period set from August 14 to August 20, 2025 [4][5]. - Payments for the repurchased bonds will be processed through the China Securities Depository and Clearing Corporation, with funds expected to be credited to investors by August 27, 2025 [5]. Trading During Repurchase Period - "Diou Convertible Bonds" will continue to be traded during the repurchase period, but conversion to shares will be suspended [5].