ZHmag(SZ:300224) Zheng Quan Zhi Xing·2025-08-24 16:13Core Viewpoint - Yantai Zhenghai Magnetic Materials Co., Ltd. has triggered the conditional redemption of its convertible bonds, which is in compliance with relevant regulations and has received board approval for the redemption process [6][8]. Group 1: Redemption Conditions - The company has met the redemption conditions as stipulated in the "Management Measures" and "Regulatory Guidelines No. 15" [6][8]. - The initial conversion price of the convertible bonds was set at 13.23 CNY per share, which has been adjusted to 12.63 CNY per share due to annual equity distribution plans [5][6]. - The company’s stock price has maintained a closing price above 130% of the current conversion price for at least 15 trading days, thus triggering the redemption clause [5][6]. Group 2: Approval and Disclosure Procedures - The company has completed the necessary internal approval and authorization processes for the redemption of the convertible bonds [3][6]. - The board of directors has decided to exercise the redemption rights for the convertible bonds, following the required disclosure procedures [7][8]. - The company is required to fulfill additional information disclosure obligations as per the "Regulatory Guidelines No. 15" [8].