Shang Hai Zheng Quan Bao·2025-09-16 19:13Group 1 - The issuer of the convertible bonds is Yifeng Pharmacy Chain Co., Ltd. [2] - The total amount of the convertible bonds issued is RMB 179,743.20 million, with a net fundraising amount of RMB 178,026.23 million after deducting issuance fees [3][4] - The bonds will be listed on the Shanghai Stock Exchange starting from March 27, 2024, under the name "Yifeng Convertible Bonds" with the code "113682" [3][4] Group 2 - The bonds have a maturity period of six years, from March 4, 2024, to March 3, 2030 [4] - The face value of each bond is RMB 100, and the bonds are issued at face value [5] - The coupon rates for the bonds are set at 0.30% for the first year, increasing to 2.00% by the sixth year [6] Group 3 - The initial conversion price for the bonds is set at RMB 39.85 per share [13] - The conversion price will be adjusted based on various corporate actions, including stock dividends and cash distributions [34] - The conversion price has been adjusted multiple times, with the latest adjustment bringing it down to RMB 31.84 per share effective from September 17, 2025 [16][17][34] Group 4 - The company has established a management system for the raised funds, which will be deposited in a designated special account [30] - The bonds have been rated AA by a credit rating agency, with a stable outlook [30] - The company is required to redeem the bonds at 110% of the face value upon maturity, including the last interest payment [23]