Xianhe(SH:603733) Zheng Quan Zhi Xing·2025-08-22 12:20Group 1 - The company has issued a convertible bond named "鹤21转债" with a total amount of RMB 2.05 billion and a maturity of 6 years, with a tiered interest rate starting from 0.3% in the first year to 2.0% in the sixth year [1][2] - The initial conversion price for the bond was set at RMB 39.09 per share, which has been adjusted to RMB 18.99 per share currently [1] - The bond has a conditional redemption clause that allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [3][4] Group 2 - As of August 11 to August 22, 2025, the company's stock price has been above 130% of the current conversion price for ten trading days, indicating a potential trigger for the redemption clause [4] - If the stock price continues to meet the criteria for an additional 20 trading days, the company may decide to redeem all or part of the unconverted bonds at face value plus accrued interest [3][4]