ZBOM(SH:603801) Shang Hai Zheng Quan Bao·2025-09-17 20:59Core Viewpoint - The announcement details the issuance and conversion terms of the "Zhibang Convertible Bonds," which are set to begin conversion on September 24, 2025, allowing bondholders to convert their bonds into shares of Zhibang Home Furnishing Co., Ltd. at a price of 11.52 CNY per share [2][4][5]. Group 1: Convertible Bond Issuance - The company has issued 6,700,000 convertible bonds with a total fundraising amount of 670 million CNY, with a maturity period of 6 years [2][6]. - The bonds will be listed on the Shanghai Stock Exchange starting from April 8, 2025, under the name "Zhibang Convertible Bonds" and code "113693" [2][3]. Group 2: Conversion Terms - The conversion period for the bonds is from September 24, 2025, to March 17, 2031 [5][8]. - The initial conversion price was set at 12.12 CNY per share, which has been adjusted to 11.52 CNY per share following a cash dividend distribution [10][11]. Group 3: Interest Rates and Payment - The bonds have a tiered interest rate structure: 0.3% for the first year, increasing to 2.0% by the sixth year [3][6]. - Interest payments will be made annually, starting from March 18, 2025 [8][12]. Group 4: Conversion Process - Bondholders can convert their bonds into shares through the Shanghai Stock Exchange trading system, with specific procedures outlined for the conversion process [7][8]. - The conversion will be effective on the next trading day after the conversion application is confirmed [8][12]. Group 5: Adjustments to Conversion Price - The conversion price may be adjusted in the event of stock dividends, capital increases, or cash dividends, following specific formulas outlined in the bond issuance documentation [12][13]. - If the stock price falls below 80% of the conversion price for a specified period, the company may propose a downward adjustment to the conversion price, subject to shareholder approval [14][16].