Core Points - The company has issued convertible bonds known as "Keda Convertible Bonds" with a total issuance amount of 516 million yuan, and the bonds are set to mature in 2026 [3][4] - The current conversion price for the bonds is 6.38 yuan per share, which has been adjusted multiple times due to various corporate actions [3][4][5] - If the company's stock price remains above 130% of the conversion price for a specified period, the company may choose to redeem the bonds [2][7] Summary of Convertible Bond Issuance - The company received approval from the China Securities Regulatory Commission to issue 516 million convertible bonds, with a face value of 100 yuan each, totaling 51.6 million yuan [3] - The bonds were listed on the Shanghai Stock Exchange on April 8, 2020, and can be converted into common stock starting from September 14, 2020 [3] - The initial conversion price was set at 14.88 yuan per share, which has been adjusted down to 6.38 yuan per share as of January 24, 2025 [3][4][5] Conditional Redemption Terms - The company has outlined conditions under which it may redeem the convertible bonds, including if the stock price exceeds 130% of the conversion price for at least 15 out of 30 trading days [5][7] - The company has indicated that from August 25 to September 10, 2025, the stock price has met the criteria for potential redemption [2][7] - The board of directors will decide whether to redeem the bonds based on the conditions set forth in the offering prospectus [5][7]
苏州科达科技股份有限公司 关于“科达转债”预计满足赎回条件的提示性公告