OMH(SZ:300486) Zheng Quan Zhi Xing·2025-08-29 17:57Core Viewpoint - Dongjie Intelligent Technology Group Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for a specified period, leading to a decision to redeem the bonds early to reduce interest expenses and improve capital efficiency [2][6]. Group 1: Convertible Bond Redemption - The redemption price for "Dongjie Convertible Bonds" is set at 100.95 CNY per bond, including accrued interest, with a current annual interest rate of 1% [1][7]. - The conditional redemption clause was triggered as the company's stock price was above 10.465 CNY (130% of the conversion price of 8.05 CNY) for 15 out of 30 trading days from July 30, 2025, to August 19, 2025 [2][6]. - The company’s board approved the early redemption of the bonds on August 19, 2025, to lower financial costs and enhance capital utilization [2][3]. Group 2: Bond Issuance and Terms - The company issued 5.7 million convertible bonds at a face value of 100 CNY each, raising a total of 570 million CNY, with the bonds listed on the Shenzhen Stock Exchange on November 4, 2022 [3][4]. - The conversion period for the bonds is from April 20, 2023, to October 13, 2028 [3][4]. - The conversion price was adjusted from 8.06 CNY to 8.05 CNY per share effective July 14, 2023, due to profit distribution [5]. Group 3: 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 September 25, 2025 [7]. - The redemption funds will be transferred to bondholders' accounts on October 13, 2025, following the completion of the redemption process [7][8]. - The company will publish the redemption results and the delisting announcement for the bonds after the redemption is completed [8].