CheezhengTTM(SZ:002287) Zheng Quan Zhi Xing·2025-08-24 16:13Core Viewpoint - The company has triggered the conditional redemption clause for its convertible bonds, "Qizheng Convertible Bonds," due to the stock price exceeding 130% of the conversion price for fifteen consecutive trading days, leading to a decision for early redemption [2][7]. Group 1: Convertible Bond Redemption Details - The redemption price for "Qizheng Convertible Bonds" is set at 101.701 CNY per bond, which includes accrued interest [9]. - The total issuance of the convertible bonds was 800 million CNY, with each bond having a face value of 100 CNY [2][3]. - The redemption will occur on September 10, 2025, with the redemption registration date being September 2, 2025 [10]. Group 2: Conditions for Redemption - The company can redeem the bonds if the stock price remains above 130% of the conversion price for at least fifteen trading days or if the remaining unconverted bonds are less than 30 million CNY [7][8]. - 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 [7][10]. Group 3: Shareholder Information - The company has confirmed that major shareholders, including the actual controller and significant stakeholders, did not engage in trading the convertible bonds in the six months leading up to the redemption conditions being met [10]. - Shareholders wishing to convert their bonds must do so through the securities company that holds their bonds [11].