楚江新材: 关于“楚江转债”赎回结果的公告

Summary of Key Points Core Viewpoint The announcement details the redemption of the convertible bond "楚江转债" by Anhui Chuangjiang Technology New Materials Co., Ltd., including the bond's issuance, trading, conversion price adjustments, and the conditions for early redemption. Group 1: Convertible Bond Issuance and Trading - The company issued convertible bonds amounting to 1.83 billion yuan with a six-year term, approved by the China Securities Regulatory Commission in June 2020 [1]. - The bonds were listed on the Shenzhen Stock Exchange on June 23, 2020, under the code "128109" [1]. - The initial conversion price was set at 8.73 yuan per share, which has been adjusted multiple times, with the latest adjustment bringing it down to 6.10 yuan per share [1][2]. Group 2: Conversion Price Adjustments - The conversion price has been adjusted several times due to annual profit distribution plans, with the most recent adjustment occurring on November 1, 2024, reducing the price to 6.10 yuan per share [2][3]. - The adjustments were made in accordance with the terms outlined in the bond's offering document [2][3]. Group 3: Redemption Conditions and Implementation - The company plans to exercise its right to redeem the bonds early, as the stock price has met the condition of being at least 130% of the current conversion price for 15 trading days [2][3]. - The redemption price is set at 100.389 yuan per bond, which includes accrued interest [3][4]. - The total amount to be redeemed is 496,925.22 yuan, covering 4,950 bonds that remain unconverted [5][6]. Group 4: Impact of Redemption - The redemption will not significantly impact the company's financial status, operating results, or cash flow, as it represents only 0.027% of the total issuance [5][6]. - Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange on August 22, 2025 [7]. - The total number of shares increased by 299,557,844 due to conversions during the bond's term, which may dilute earnings per share in the short term [6][7].