Core Viewpoint - Jiangxi Zhite New Materials Co., Ltd. has fully redeemed its convertible bonds "Zhite Convertible Bonds" and will delist them from the Shenzhen Stock Exchange on August 18, 2025 [1][6]. Convertible Bond Basic Information - The company issued convertible bonds amounting to RMB 614.03 million on March 31, 2023, with the bonds listed on April 21, 2023, under the name "Zhite Convertible Bonds" and code "123186" [1]. - The initial conversion price was set at RMB 41.08 per share, which has been adjusted multiple times, with the latest adjustment bringing it down to RMB 8.86 per share as of the announcement date [2]. Conversion Period and Price Adjustments - The conversion period for the bonds started on October 9, 2023, and will end on March 30, 2029 [2]. - The conversion price has undergone several adjustments, including a reduction to RMB 40.99 per share on July 3, 2023, and further adjustments planned for future dates [2][3]. Redemption and Delisting - As of the redemption registration date on August 7, 2025, there were 18,102 bonds remaining unconverted, which were fully redeemed at a total cost of RMB 1,816,716.72 [5][6]. - Following the complete redemption, the "Zhite Convertible Bonds" will no longer be traded and will be delisted from the Shenzhen Stock Exchange on August 18, 2025 [6].
志特新材: 关于“志特转债”摘牌的公告