JINXD(SZ:300830) Zheng Quan Zhi Xing·2025-08-25 16:52Core Viewpoint - The company, Jin Modern Information Industry Co., Ltd., has announced the early redemption of its convertible bonds, "Jin Xian Convertible Bonds," due to the triggering of conditional redemption clauses based on stock price performance [1][2][5]. Group 1: Convertible Bond Redemption Announcement - The company will redeem "Jin Xian Convertible Bonds" at a price of 100.41 CNY per bond, which includes accrued interest [1][7]. - The redemption is set to occur after the bondholders are notified, and the bonds will be delisted from the Shenzhen Stock Exchange following the redemption [1][9]. - Bondholders are advised to convert their bonds into shares before the redemption date to avoid potential losses [1][2]. Group 2: Conditions for Redemption - The conditional redemption clause was triggered as the stock price closed above 130% of the conversion price (12.16 CNY) for 15 trading days from August 4 to August 22, 2025 [2][5][6]. - The initial conversion price was set at 9.39 CNY per share, which has been adjusted to 9.35 CNY due to dividend distributions [4][5]. Group 3: Bond Issuance Details - The company issued a total of 202,512,500 CNY in convertible bonds, with each bond having a face value of 100 CNY, amounting to 2,025,125 bonds [2][3]. - The bonds were approved for trading on the Shenzhen Stock Exchange starting December 19, 2023, with a conversion period from June 3, 2024, to November 26, 2029 [3]. Group 4: Redemption Process and Timeline - The redemption process will involve all registered bondholders as of September 23, 2025, with funds expected to reach their accounts by October 9, 2025 [7][9]. - The company will not withhold taxes on the interest income for bondholders [7].