明阳电路: 关于提前赎回“明电转债”的第十六次提示性公告

Core Viewpoint - Shenzhen Mingyang Circuit Technology Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to the decision to redeem the bonds early [2][10]. Group 1: Convertible Bond Redemption - The company has decided to exercise its right to redeem the "Mingdian Convertible Bonds" early, as the stock price has met the condition of being at least 130% of the conversion price for 15 out of 30 trading days [2][10]. - The redemption price for the bonds is set at 101.83 yuan per bond, which includes accrued interest [10][11]. - The redemption will be completed by September 8, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange thereafter [11][12]. Group 2: Bond Issuance and Terms - The "Mingdian Convertible Bonds" were issued with a total amount of 673 million yuan, with a face value of 100 yuan per bond [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on January 5, 2021, and have a conversion period from June 21, 2021, to December 14, 2026 [3]. - The initial conversion price was set at 24.23 yuan per share, which has been adjusted multiple times, currently standing at 11.89 yuan per share as of May 30, 2024 [3][7][9]. Group 3: Redemption Process and Conditions - The redemption process will involve all bondholders registered with the China Securities Depository and Clearing Corporation as of the redemption registration date [11]. - The company will not withhold taxes on the interest income for bondholders [10]. - Bondholders are advised to consult their brokerage firms regarding the conversion process before the redemption [12].