Zheng Quan Zhi Xing·2025-08-21 11:18Core Viewpoint - The company, Qingdao Hitech Moulds Technology Co., Ltd., is proceeding with the early redemption of its convertible bonds, "Haitai Convertible Bonds," following the necessary approvals and conditions being met [1][9]. Summary by Sections Convertible Bond Basic Information - The company issued 3,965,716 convertible bonds on June 27, 2023, with a total fundraising amount of RMB 396,571,600, net of issuance costs [1][2]. - The bonds were listed on the Shenzhen Stock Exchange on July 17, 2023, under the name "Haitai Convertible Bonds" and code "123200" [2]. - The conversion period for the bonds is from January 3, 2024, to June 26, 2029 [2]. Conversion Price Adjustment - The conversion price was adjusted from RMB 26.69 to RMB 26.43 per share, effective from May 29, 2024, due to the company's profit distribution plan [2]. - Further adjustments to the conversion price are scheduled for September 20, 2024, and June 20, 2025, reflecting the company's annual profit distribution [3]. Conditional Redemption Terms and Triggering Conditions - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within any 30-day period or if the remaining unconverted bonds are less than RMB 30 million [4]. - The bond's coupon rates are set to increase progressively from 0.50% in the first year to 3.00% in the sixth year [4]. Redemption Implementation Arrangements - The redemption price is set at RMB 100.260 per bond, which includes accrued interest calculated based on the bond's face value and interest rate [6]. - The redemption will be executed for all bondholders registered by the redemption date of September 29, 2025 [6][7]. Company’s Decision on Early Redemption - The company's board approved the early redemption of the "Haitai Convertible Bonds" on August 21, 2025, based on current market conditions [8][9]. Sponsor's Verification Opinion - The sponsor, Guotai Junan Securities, confirmed that the early redemption process complies with relevant regulations and has been duly approved by the company's board [9].