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金现代: 北京德和衡(青岛)律师事务所关于金现代信息产业股份有限公司提前赎回可转换公司债券的法律意见书

Core Viewpoint - The law firm Beijing DHH Law Firm has issued a legal opinion regarding the early redemption of convertible bonds by Jin Modern Information Industry Co., Ltd, confirming that the redemption meets all necessary legal and regulatory requirements [1][4][10]. Group 1: Approval and Authorization - The company has obtained all necessary internal approvals and authorizations for the issuance and redemption of the convertible bonds, including various resolutions and feasibility reports [4][5][6]. - The Shenzhen Stock Exchange has approved the issuance, and the China Securities Regulatory Commission has granted registration for the convertible bonds [6][10]. Group 2: Redemption Conditions - The redemption conditions are defined by the "Bond Management Measures" and "Regulatory Guideline 15," allowing the company to redeem unconverted bonds under specific circumstances [7][8]. - According to the prospectus, the company can redeem the bonds if the stock price meets or exceeds 130% of the conversion price for a specified period [8][9]. Group 3: Triggering Redemption - The convertible bonds have triggered the redemption conditions as the stock price has met the required thresholds over the specified trading days [9][10]. - The initial conversion price was set at 9.39 CNY per share, which has been adjusted to 9.37 CNY and then to 9.35 CNY due to corporate actions [9]. Group 4: Conclusion and Next Steps - The law firm concludes that the early redemption of the convertible bonds is legally valid and has been approved by the company's board of directors [10]. - The company is required to fulfill its information disclosure obligations as per regulatory guidelines following the redemption [10].