Kinwong(SH:603228) Zheng Quan Zhi Xing·2025-09-02 10:24Group 1 - The company has issued a convertible bond named "Jing 23 Convertible Bond" with a total fundraising amount of RMB 1.154 billion, a maturity of 6 years, and a face value of RMB 100 per bond [1] - The initial conversion price for the "Jing 23 Convertible Bond" is set at RMB 25.71 per share, which has been adjusted to RMB 23.91 per share as of the latest update [1][2] - The bond's conversion price has undergone several adjustments due to annual equity distributions, with the latest adjustment occurring on June 11, 2025, reducing the price to RMB 23.91 per share [2] Group 2 - The company has conditional redemption terms for the "Jing 23 Convertible Bond," allowing redemption if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period or if the remaining unconverted bond balance is below RMB 30 million [2][3] - The company decided not to exercise the early redemption right on February 19, 2025, despite meeting the conditions for redemption, and will reassess the situation after August 19, 2025 [4] - If the stock price remains above RMB 31.09 per share for five out of twenty trading days after August 20, 2025, the company may trigger the redemption terms for the "Jing 23 Convertible Bond" [5]