Qingdao Gaoce(SH:688556) Shang Hai Zheng Quan Bao·2025-08-15 19:21Core Viewpoint - Qingdao Gaoce Technology Co., Ltd. has announced the early redemption of its convertible bonds "Gaoce Convertible Bonds" due to the stock price meeting the conditions specified in the prospectus, which may impact investors holding these bonds [2][12]. Group 1: Convertible Bond Redemption Announcement - The company’s stock price has been above 130% of the conversion price for at least 15 trading days, triggering the conditional redemption clause [2][11]. - The board of directors approved the early redemption of the "Gaoce Convertible Bonds" at the face value plus accrued interest [12]. - Investors can either trade the bonds in the secondary market or convert them at a price of 7.37 yuan per share, or face mandatory redemption at 100 yuan per bond plus accrued interest [2][12]. Group 2: Convertible Bond Issuance Overview - The company issued 4.833 million convertible bonds with a total amount of 48.33 million yuan, with a maturity of six years from July 18, 2022 [3]. - The initial conversion price was set at 84.81 yuan per share, later adjusted to 60.33 yuan per share due to the completion of the annual equity distribution [3][4]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 7.37 yuan per share effective June 27, 2025 [6]. Group 3: Government Subsidy Announcement - The company’s wholly-owned subsidiary received a government subsidy of 4.741 million yuan, categorized as a revenue-related government grant [19]. - The impact of this subsidy on the company's financials will be confirmed through annual audits [19].