OMH(SZ:300486) Zheng Quan Zhi Xing·2025-09-05 16:13Core 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 company will redeem the "Dongjie Convertible Bonds" at a price of 100.95 CNY per bond, including accrued interest, following the approval from the board of directors [1][7]. - The redemption is based on the condition that the company's stock price has been at or above 10.465 CNY (130% of the conversion price of 8.05 CNY) for at least 15 trading days within a 30-day period [2][6]. - The redemption process will be completed by October 13, 2025, with the redemption amount being transferred directly to the bondholders' accounts [7][8]. Group 2: Convertible Bond Issuance Details - The company issued 5.7 million convertible bonds at a face value of 100 CNY each, raising a total of 570 million CNY, with the bonds listed on the Shenzhen Stock Exchange on November 4, 2022 [3][4]. - The conversion period for these bonds is from April 20, 2023, to October 13, 2028 [3][4]. - The conversion price was adjusted from 8.06 CNY to 8.05 CNY per share effective July 14, 2023, due to profit distribution [5]. Group 3: Redemption Conditions and Procedures - The company has the right to redeem the bonds if the remaining unconverted bonds are less than 30 million CNY or if the stock price conditions are met [6]. - The accrued interest for the bonds is calculated based on the formula: IA = B × i × t / 365, resulting in approximately 0.95 CNY per bond for the current period [7]. - Bondholders are advised to consult their brokerage firms regarding the conversion process and to ensure that any pledged or frozen bonds are released before the conversion deadline [1][8].