春秋电子: 关于不提前赎回“春23转债”的公告

Core Points - The company issued "Chun 23 Convertible Bonds" with a total amount of 570 million yuan, a term of 6 years, and a tiered interest rate starting from 0.30% in the first year to 1.50% in the fifth year [1][2] - The initial conversion price was set at 10.40 yuan per share, adjusted to 10.30 yuan per share from June 20, 2023, and further to 10.15 yuan per share from June 19, 2025, due to annual profit distribution [1][2] - The company decided not to exercise the early redemption option for the "Chun 23 Convertible Bonds" despite triggering the conditional redemption clause [4][5] Group 1: Issuance and Terms - The "Chun 23 Convertible Bonds" were approved by the China Securities Regulatory Commission and began trading on April 11, 2023 [1] - The bonds can be converted into shares from September 25, 2023, to March 16, 2029, with the initial conversion price set at 10.40 yuan per share [1] - The conversion price was adjusted to 10.30 yuan per share on June 20, 2023, and will be further adjusted to 10.15 yuan per share on June 19, 2025, due to profit distribution [2] Group 2: Redemption Terms - The company has the right to redeem the bonds at 115% of the face value if certain conditions are met, including the stock price being at least 130% of the conversion price for 15 out of 30 consecutive trading days [2][5] - The company confirmed that the conditional redemption clause was triggered as the stock price met the required threshold from August 15 to September 5, 2025 [5] Group 3: Decision on Redemption - The board of directors decided not to exercise the early redemption right for the "Chun 23 Convertible Bonds" during the meeting held on September 5, 2025, citing confidence in the company's long-term potential [4][5] - The company will reassess the situation if the conditional redemption clause is triggered again within the next three months [5][6] Group 4: Shareholder Actions - There are no plans for major shareholders or executives to reduce their holdings in the "Chun 23 Convertible Bonds" within the six months leading up to the redemption conditions [6]