Summary of Key Points Core Viewpoint - The company, Jiangxi Zhite New Materials Co., Ltd., has announced the early redemption of its convertible bonds, "Zhite Convertible Bonds," due to the stock price meeting the conditions for redemption as outlined in the bond issuance terms [1][2]. Group 1: Convertible Bond Issuance and Redemption - The company issued 6.14033 million convertible bonds at a face value of 100 RMB each, raising a total of 614.033 million RMB on March 31, 2023 [1]. - The redemption was triggered as the company's stock price was at least 130% of the conversion price for 15 out of 30 consecutive trading days [1][2]. - The board approved the early redemption of the bonds during a meeting on July 9, 2025 [1]. Group 2: Redemption Implementation Details - The redemption price will be based on the closing price on the redemption registration date, August 7, 2025 [2]. - Key dates include: - Trading halt on August 5, 2025 - Redemption registration on August 7, 2025 - Redemption date on August 8, 2025 - Funds to be credited to investors' accounts by August 15, 2025 [2]. - A total of 18,102 bonds will be redeemed, amounting to 1,816,716.72 RMB [2]. Group 3: Impact of Redemption - The total face value of the redeemed bonds is 1,810,200 RMB, representing 0.29% of the total issuance, which will not significantly impact the company's financial status or cash flow [3]. - The conversion of the bonds has resulted in an increase of 62,630,823 shares, which may dilute earnings per share in the short term [4]. Group 4: Stock Structure Changes - Following the conversion and redemption, the total share capital will increase to 411,973,975 shares, with the proportion of unrestricted shares rising significantly [4]. - The convertible bonds will be delisted from the Shenzhen Stock Exchange on August 18, 2025 [4].
志特新材: 关于“志特转债”赎回结果的公告