OMH(SZ:300486) Zheng Quan Zhi Xing·2025-09-03 10:15Core Viewpoint - Dongjie Intelligent Technology Group Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for a specified period, leading to a decision to redeem the bonds early to reduce interest expenses and improve capital efficiency [2][6]. Group 1: Convertible Bond Redemption - The redemption price for the "Dongjie Convertible Bonds" is set at 100.95 CNY per bond, including accrued interest [1][7]. - The company’s stock price has been above 10.465 CNY (130% of the conversion price of 8.05 CNY) for 15 trading days from July 30, 2025, to August 19, 2025, triggering the redemption clause [2][6]. - The board of directors approved the early redemption of the bonds on August 19, 2025, to lower financial costs [2][3]. Group 2: Bond Issuance and Terms - The company issued 5.7 million convertible bonds at a face value of 100 CNY each, raising a total of 570 million CNY [3]. - The bonds were listed on the Shenzhen Stock Exchange on November 4, 2022, under the code "123162" [3]. - The conversion period for the bonds is from April 20, 2023, to October 13, 2028 [3]. Group 3: Interest and Redemption Process - The accrued interest for each bond is approximately 0.95 CNY, calculated based on a 1% annual interest rate [7]. - The redemption process will involve all registered bondholders as of September 25, 2025, with funds expected to reach their accounts by October 13, 2025 [7][8]. - The company will publish the redemption results and delisting announcement following the completion of the redemption [8].