Qingdao Gaoce(SH:688556) Zheng Quan Zhi Xing·2025-08-15 11:28Core Viewpoint - The company, Qingdao Gaoce Technology Co., Ltd., has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to a decision to redeem all outstanding convertible bonds at face value plus accrued interest [1][5]. Summary by Sections Convertible Bond Issuance Overview - The company issued 4.833 million convertible bonds with a total amount of 483.3 million yuan, each with a face value of 100 yuan, on July 18, 2022, with a maturity of six years [1][2]. Redemption Clause and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days. This condition was met from July 28, 2025, to August 15, 2025, with the stock price exceeding 9.58 yuan per share [5][7]. Decision for Early Redemption - On August 15, 2025, the company's board of directors approved the early redemption of the convertible bonds, which will be executed at the face value plus accrued interest for registered bondholders [5][7]. Adjustments to Conversion Price - The conversion price has been adjusted multiple times due to various corporate actions, with the latest adjustment setting the price at 58.51 yuan per share effective from November 27, 2023 [3][4]. Shareholder Transactions - During the six months leading up to the redemption condition being met, there were no significant transactions of the convertible bonds by major shareholders, including the controlling shareholder and board members [6][7].