CheezhengTTM(SZ:002287) Zheng Quan Shi Bao·2025-08-21 18:41Group 1 - The company has triggered the conditional redemption clause for its convertible bonds, "Qizheng Convertible Bonds," due to the stock price being above 130% of the conversion price for fifteen consecutive trading days [2][9] - The board of directors has approved the early redemption of "Qizheng Convertible Bonds" at a price of 101.701 CNY per bond, which includes accrued interest [2][12] - The redemption will occur on September 3, 2025, with the last trading day being August 29, 2025, and the redemption registration date set for September 2, 2025 [3][16] Group 2 - The total issuance of "Qizheng Convertible Bonds" was 800 million CNY, with each bond having a face value of 100 CNY [2] - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 19.01 CNY per share as of July 10, 2025 [8][9] - The company will fully redeem all unconverted "Qizheng Convertible Bonds" on the redemption date, and the bonds will be delisted from the Shenzhen Stock Exchange thereafter [17][20] Group 3 - The accrued interest for the bonds is calculated based on a rate of 1.80%, resulting in an approximate interest of 1.701 CNY per bond [12] - The company will notify bondholders of the redemption details daily leading up to the redemption date [16] - Bondholders must ensure that any pledged or frozen bonds are released before the conversion stop date to avoid forced redemption [20]