KHB(SZ:002022) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-16 02:19Core Viewpoint - The company announces the conditional redemption of its convertible bonds, "Kehua Convertible Bonds," with specific terms and conditions for bondholders to exercise their redemption rights [1][2][3]. Redemption Overview - Redemption Price: 100.241 RMB per bond (including interest and tax) [1][6]. - Trigger Date for Redemption Conditions: September 5, 2025 [1]. - Redemption Period: September 10 to September 16, 2025 [2][9]. - Payment Dates: Funds will be credited to the company on September 19, 2025, with redemption payments to investors on September 23, 2025 [2][9]. Redemption Conditions - The redemption clause is activated if the company's stock price remains below 70% of the conversion price (14.45 RMB) for 30 consecutive trading days [1][12]. - Bondholders can redeem all or part of their unconverted bonds, and the redemption is not mandatory [7][12]. Interest Calculation - The interest for the current period is calculated as follows: IA = B × i × t / 365, where B is the total face value of the bonds, i is the annual coupon rate (2.00%), and t is the number of days from the last interest payment to the start of the redemption period [4][5]. - The calculated interest per bond is 0.241 RMB, leading to a total redemption price of 100.241 RMB per bond [5][6]. Redemption Process - Bondholders must submit their redemption requests through the Shenzhen Stock Exchange trading system during the specified redemption period [9]. - The company will announce the results of the redemption and its impact on the company after the redemption period ends [9]. Suspension and Resumption of Conversion - The conversion of "Kehua Convertible Bonds" will be suspended during the redemption period (September 10 to September 16, 2025) and will resume on September 17, 2025 [11][12].