XZCE(SZ:002534) Zheng Quan Zhi Xing·2025-09-02 16:15Redemption Overview - The company has triggered the conditional redemption of "Xizi Convertible Bonds" as the stock price has been at or above 130% of the conversion price for 15 trading days from July 23, 2025, to August 28, 2025, reaching 14.29 CNY per share [1][2] - The company will redeem all outstanding "Xizi Convertible Bonds" registered as of the redemption registration date [2] Conditional Redemption Terms - The company can redeem the bonds if either of the following conditions is met: 1. The stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days 2. The total amount of unconverted bonds is less than 30 million CNY [2] Redemption Price and Calculation - The redemption price is set at 101.12 CNY per bond, which includes accrued interest calculated based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [3][4] Redemption Process and Timeline - The redemption will be executed for all bondholders registered by the close of trading on September 19, 2025, with funds transferred to their accounts by September 29, 2025 [3][4] Shareholder Trading Activity - The company has confirmed that there have been no trades of "Xizi Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption conditions being met [4]