CheezhengTTM(SZ:002287) Zheng Quan Zhi Xing·2025-09-02 04:08Core Points - The company announces that the "Qizheng Convertible Bonds" will stop conversion and be redeemed after the trading session on September 2, 2025, at a price of 101.701 CNY per bond, including accrued interest [1][9][10] - Investors are advised to convert their bonds before the deadline to avoid potential losses due to forced redemption [1][2][6] Summary by Sections Important Announcement - The company confirms that there is only half a trading day left for the conversion of "Qizheng Convertible Bonds" before they are redeemed [1] - The redemption price is set at 101.701 CNY per bond, which includes the accrued interest calculated based on the bond's face value and interest rate [1][9] Bond Issuance Details - The company issued 8 million convertible bonds at a face value of 100 CNY each, totaling 800 million CNY, approved by the China Securities Regulatory Commission [2][3] - The bonds were listed on the Shenzhen Stock Exchange on October 27, 2020 [2] Conversion and Redemption Terms - The conversion period for the bonds started on March 29, 2021, and will end on September 21, 2026 [3] - The company has the right to redeem the bonds early if the stock price exceeds 130% of the conversion price for a specified period [7][9] Redemption Process - The redemption will be executed for all unconverted bonds after the close of trading on September 2, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange [10] - The redemption amount will be credited to the bondholders' accounts on September 10, 2025 [10] Shareholder Transactions - The company discloses that there were no significant transactions involving the bonds by major shareholders or executives in the six months leading up to the redemption conditions being met [10]