YOOZOO(SZ:002174) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-19 00:01Core Viewpoint - The company has announced the early redemption of its convertible bonds, "YooZoo-CB," due to the fulfillment of specific redemption conditions, with a redemption price set at 101.8575 yuan per bond, including interest and tax [2][11][12]. Summary by Sections Convertible Bond Issuance and Trading - The company issued 11,500,000 convertible bonds on September 23, 2019, with a total value of 115 million yuan, and the bonds began trading on October 21, 2019 [3][4]. - The initial conversion price was set at 17.06 yuan per share, effective from March 27, 2020, until September 23, 2025 [4][5]. Conversion Price Adjustments - The conversion price was adjusted to 16.97 yuan per share on August 25, 2020, following a profit distribution [5]. - A further adjustment to 16.92 yuan per share occurred on August 2, 2024, due to another profit distribution [6]. - The conversion price was subsequently lowered to 10.10 yuan per share on March 7, 2025, as approved by the shareholders [7]. Redemption Conditions - The redemption was triggered as the company's stock price met the condition of being at least 130% of the conversion price (13.13 yuan) for 15 out of 30 consecutive trading days from July 17 to August 6, 2025 [8][10]. - The company has the right to redeem all or part of the unconverted bonds if the balance is below 30 million yuan [10]. Redemption Implementation - The redemption price is set at 101.8575 yuan per bond, which includes accrued interest calculated based on a 2.0% interest rate for the sixth interest period [11][12][13]. - The redemption process includes specific dates: trading will stop on August 25, 2025, with the redemption date on August 28, 2025, and funds will be credited to investors' accounts by September 4, 2025 [15][16]. Additional Information - Holders of the convertible bonds must process conversion through their respective securities companies, with a minimum conversion unit of one bond [17].