YOOZOO(SZ:002174) Zheng Quan Zhi Xing·2025-08-27 04:13Core Viewpoint - YooZoo Network Co., Ltd. is set to redeem its convertible bonds ("YooZoo Convertible Bonds") due to the stock price meeting the redemption conditions, with the last trading day for conversion approaching [1][2][6]. Summary by Sections Important Announcement - The announcement highlights that there is only half a trading day left before the "YooZoo Convertible Bonds" stop conversion, and remaining bonds will be forcibly redeemed at a price of 101.8575 CNY per bond [1]. Convertible Bond Issuance - The company issued 11,500,000 convertible bonds on September 23, 2019, with a total amount of 115 million CNY, and the bonds were listed for trading on October 21, 2019 [2][3]. Conversion and Price Adjustment - The initial conversion price was set at 17.06 CNY per share, with the conversion period from March 27, 2020, to September 23, 2025. The conversion price has been adjusted multiple times, with the latest adjustment bringing it down to 10.10 CNY per share effective March 7, 2025 [3][4][5]. Conditional Redemption - The redemption conditions were triggered as the stock price was above 130% of the conversion price for 15 out of 30 trading days from July 17 to August 6, 2025. The board approved the early redemption of the bonds [2][6]. Redemption Price and Process - The redemption price is calculated to be 101.8575 CNY per bond, which includes accrued interest. The redemption will be executed for all bondholders registered by the redemption date of August 27, 2025 [7][8]. Other Important Information - Bondholders must process conversion through their securities company, and the minimum conversion unit is one bond. Any unconverted bond balance will be paid in cash within five trading days after the conversion [9].