正海磁材: 关于提前赎回正海转债的公告

Core Viewpoint - Yantai Zhenghai Magnetic Materials Co., Ltd. has announced the early redemption of its convertible bonds, "Zhenghai Convertible Bonds," due to the stock price exceeding the conditional redemption threshold, aiming to reduce interest expenses and improve capital efficiency [2][4]. Group 1: Convertible Bond Details - The company issued 14 million convertible bonds at a face value of 100 yuan each, totaling 1.4 billion yuan, with the issuance approved by the China Securities Regulatory Commission [2][3]. - The initial conversion price of the bonds was set at 13.23 yuan per share, which has been adjusted due to annual equity distribution plans [3][4]. - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days within a 30-day period [4][6]. Group 2: Redemption Process - The redemption price is set at 100.50 yuan per bond, which includes accrued interest calculated based on a 0.60% annual interest rate [5][6]. - The redemption will take place on September 29, 2025, with trading of the bonds ceasing on September 17, 2025, and the redemption funds being transferred to bondholders' accounts on the redemption date [5][6]. - Bondholders are advised to convert their bonds into shares before the redemption deadline to avoid potential losses [1][2]. Group 3: Shareholder Transactions - Company executives, including the Vice President and CFO, have engaged in transactions involving the convertible bonds within six months prior to the redemption conditions being met, with specific details on their holdings provided [6][7].