Chunqiu ET(SH:603890) Shang Hai Zheng Quan Bao·2025-09-23 19:10Core Viewpoint - Suzhou Chunqiu Electronics Technology Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 trading days, leading to a decision for early redemption of the "Chunqiu Convertible Bonds" [2][7]. Group 1: Redemption Trigger and Decision - The stock price of Chunqiu Electronics has been above 13.65 yuan per share (130% of the conversion price of 10.50 yuan) for 15 trading days from August 19, 2025, to September 23, 2025, triggering the conditional redemption clause [2][7]. - The company's board of directors approved the early redemption of the "Chunqiu Convertible Bonds" at a meeting on September 23, 2025, to reduce financial costs and optimize the capital structure [2][8]. Group 2: Bond Issuance and Terms - The "Chunqiu Convertible Bonds" were issued on April 14, 2020, with a total amount of 240,000 bonds, each with a face value of 100 yuan, totaling 24 million yuan, and a maturity period of 6 years [3]. - The initial conversion price was set at 15.69 yuan per share, which has been adjusted multiple times, with the latest adjustment bringing it to 10.50 yuan per share as of June 19, 2025 [4][5]. Group 3: Redemption Terms - The redemption terms include a mandatory redemption at 100 yuan per bond plus accrued interest if the bonds are not converted within the specified timeframe [2][5]. - The company has the right to redeem all or part of the unconverted bonds if the total amount of unconverted bonds is less than 30 million yuan [5].