KHB(SZ:002022) Shang Hai Zheng Quan Bao·2025-09-09 21:34Core Viewpoint - The company announces the conditional repurchase of its convertible bonds ("科华转债") due to the stock price falling below a specified threshold, allowing bondholders to sell their bonds back to the company at a predetermined price [2][3]. Summary of Key Points Repurchase Terms - The repurchase price is set at 100.241 RMB per bond, including interest and tax [1][7]. - The repurchase condition is triggered if the company's stock price falls below 70% of the conversion price (14.45 RMB) for 30 consecutive trading days [2][3]. - The repurchase period is from September 10, 2025, to September 16, 2025 [3][10]. Interest Calculation - The interest for the repurchase is calculated based on a formula that includes the bond's face value, the annual interest rate of 2.00%, and the number of days since the last interest payment [5][6]. - The calculated interest amounts to 0.241 RMB per bond, leading to a total repurchase price of 100.241 RMB [6][7]. Repurchase Rights - Bondholders have the option to sell back either part or all of their unconverted bonds, and the repurchase is not mandatory [8][9]. - If a bondholder does not submit a repurchase request during the specified period, they forfeit their right to do so for that interest year [10]. Repurchase Process and Payment - The company will announce the results of the repurchase and its impact after the repurchase period ends [11]. - Payments will be processed through the China Securities Depository and Clearing Corporation, with funds expected to be credited to investors by September 23, 2025 [11].