YOOZOO(SZ:002174) Zheng Quan Zhi Xing·2025-08-26 08:11Core Viewpoint - YooZoo Network Co., Ltd. announces the upcoming cessation of conversion for its convertible bonds, urging investors to convert their bonds before the final trading day on August 27, 2025 [1][10]. Summary by Sections Convertible Bond Redemption - The company has triggered the early redemption of its convertible bonds ("YooZoo-CB") due to the stock price exceeding 130% of the conversion price for 15 out of 30 trading days from July 17, 2025, to August 6, 2025 [2][6]. - The board of directors approved the early redemption at a meeting on August 6, 2025, authorizing management to handle all related matters [2]. Convertible Bond Issuance Details - The company issued 11,500,000 convertible bonds on September 23, 2019, with a total value of 115 million yuan, and the bonds were listed on the Shenzhen Stock Exchange on October 21, 2019 [2][3]. - The initial conversion price was set at 17.06 yuan per share, valid from March 27, 2020, to September 23, 2025 [3]. Conversion Price Adjustments - The conversion price was adjusted to 16.97 yuan per share on August 25, 2020, following a cash dividend distribution [4]. - Further adjustments brought the conversion price down to 16.92 yuan per share on August 2, 2024, and subsequently to 10.10 yuan per share on March 7, 2025 [5]. Redemption Conditions - The redemption conditions state that if the stock price remains above 130% of the conversion price for a specified period or if the remaining convertible bonds are less than 30 million yuan, the company can redeem the bonds [6][7]. - The redemption price is set at 101.8575 yuan per bond, which includes accrued interest [8]. Redemption Process - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the close of trading on August 27, 2025 [9]. - The redemption funds will be transferred to bondholders' accounts on September 4, 2025, following the completion of the redemption [9].