Jiaze Renewables(SH:601619) Shang Hai Zheng Quan Bao·2025-09-24 21:00Core Viewpoint - The company has decided not to exercise the early redemption rights for the "Jiaze Convertible Bonds" despite triggering the redemption clause due to stock price conditions [2][8]. Group 1: Convertible Bond Issuance Overview - The company issued 13,000,000 convertible bonds with a total value of 130 million yuan, approved by the China Securities Regulatory Commission on August 24, 2020 [3]. - The bonds were listed on the Shanghai Stock Exchange on September 17, 2020, with an initial conversion price of 3.57 yuan per share, which has been adjusted to 3.06 yuan per share [3]. Group 2: Redemption Clause and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [4][7]. - From August 26 to September 24, 2025, the stock price met the condition, triggering the redemption clause [2][7]. Group 3: Decision on Early Redemption - On September 24, 2025, the board of directors decided not to redeem the bonds early, considering the current market conditions and the company's financial commitments [8]. - The company will not exercise redemption rights for the next six months, even if the redemption conditions are met again [2][8]. Group 4: Shareholder Trading Activity - The actual controller, major shareholders, and board members have not traded the "Jiaze Convertible Bonds" in the six months prior to the redemption conditions being met [9].