明阳电路: 关于“明电转债”赎回实施暨即将停止交易的重要提示性公告

Core Viewpoint - The company announces the redemption of its convertible bonds "Mingdian Convertible Bonds" (明电转债), which will stop trading after September 2, 2025, and will be forcibly redeemed at a price of 101.83 yuan per bond if not converted into shares by September 5, 2025 [1][2][3] Group 1: Redemption Details - The "Mingdian Convertible Bonds" will stop trading after the market closes on September 2, 2025, and will be forcibly redeemed at 101.83 yuan per bond if not converted by September 5, 2025 [1][2] - The company has triggered the conditional redemption clause as the stock price has met the requirement of being at least 130% of the conversion price for 15 out of 30 trading days [2][10] - The redemption price includes a calculated interest of approximately 1.83 yuan per bond, based on a 2.5% annual interest rate [10][12] Group 2: Conversion and Trading Risks - Investors are advised to convert their bonds into shares before the trading halt to avoid potential losses, as the market price may differ significantly from the redemption price [2][3] - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 11.89 yuan per share [7][9] - The company emphasizes the importance of addressing any pledges or freezes on the bonds before the conversion deadline to avoid complications [2][12] Group 3: Company Governance and Compliance - The board of directors approved the early redemption of the bonds during a meeting on July 30, 2025, and authorized management to handle the redemption process [3][4] - The company has confirmed that no major shareholders or executives traded the bonds in the six months leading up to the redemption conditions being met [12] - The company will publish announcements regarding the redemption results and the delisting of the bonds from the Shenzhen Stock Exchange [12]