EMTEK(SZ:300938) Zheng Quan Zhi Xing·2025-08-29 16:52Core Viewpoint - Shenzhen Xince Standard Technology Service Co., Ltd. has announced the forced redemption of its convertible bonds "Xince Convertible Bonds" (code: 123231) due to the triggering of conditional redemption clauses, with trading set to cease on September 2, 2025, and redemption occurring on September 8, 2025 [1][2][3]. Summary by Sections Important Content Reminder - "Xince Convertible Bonds" will stop trading after the market closes on September 2, 2025, and investors can still convert their bonds until September 5, 2025 [1][2]. - If conversion is not executed by the deadline, remaining bonds will be forcibly redeemed at a price of 100.42 CNY per bond, including tax [1][2]. Conditional Redemption Trigger - The conditional redemption clause was triggered as the closing price of the company's stock was at least 130% of the current conversion price (18.22 CNY) for 15 out of 30 consecutive trading days from July 17 to August 8, 2025 [2][8]. Redemption Implementation Arrangements - The redemption price is set at 100.42 CNY per bond, which includes accrued interest calculated based on a 0.50% annual interest rate [7][8]. - The redemption will affect all bondholders registered with the China Securities Depository and Clearing Corporation as of September 5, 2025 [9]. Company Actions and Financial Details - The company issued 5,450,000 convertible bonds with a total value of 545 million CNY, approved by the China Securities Regulatory Commission [3][4]. - The net amount raised after deducting issuance costs was approximately 533.56 million CNY [4]. Stock Price Adjustment - The initial conversion price of the bonds was set at 36.89 CNY per share, which will be adjusted to 25.76 CNY following a capital increase and cash dividend distribution [5][6]. Shareholder Transactions - The actual controller and major shareholders did not trade "Xince Convertible Bonds" in the six months leading up to the redemption condition being met [10].