Core Viewpoint - Yantai Zhenghai Magnetic Materials Co., Ltd. has announced the early redemption of its convertible bonds, "Zhenghai Convertible Bonds," due to the stock price meeting the conditions for redemption, aiming to reduce interest expenses and improve capital efficiency [2][4]. Group 1: Convertible Bond Details - The company issued 14 million convertible bonds at a total amount of 1.4 billion yuan, with a face value of 100 yuan per bond [2][3]. - The initial conversion price was set at 13.23 yuan per share, which has been adjusted due to annual profit distribution plans [3][4]. - The conditional redemption clause was triggered as the stock price exceeded 130% of the conversion price for at least 15 trading days [2][4]. Group 2: Redemption Process - The redemption price is set at 100.50 yuan per bond, which includes accrued interest calculated at a rate of 0.60% [5][4]. - The redemption will take place on September 19, 2025, with trading of the bonds ceasing on September 17, 2025 [5][6]. - All bondholders registered by the redemption date will be eligible for the redemption [5][6]. Group 3: Shareholder Transactions - Company executives, including the CFO and Vice Presidents, have engaged in trading "Zhenghai Convertible Bonds" within six months prior to the redemption condition being met [6]. - Specific trading activities included the sale of all held bonds by the mentioned executives [6]. Group 4: Additional Information - Bondholders are advised to consult their brokerage firms for the conversion process, with a minimum conversion unit of one share [6][7]. - The company will not withhold taxes on interest income for bondholders [5].
正海磁材: 关于提前赎回正海转债的第八次提示性公告