Modren High-tech(SZ:300876) Sou Hu Cai Jing·2025-10-09 23:55Core Points - The announcement highlights a passive dilution of the controlling shareholder's equity ratio from 61.56% to 60.39% due to the conversion of convertible bonds into shares, without any change in the number of shares held [2][3][4] - The company has issued 3,000,000 convertible bonds with a total fundraising amount of RMB 300 million, and the bonds are currently in the conversion period [3][26] - The current conversion price of the bonds is RMB 23.47 per share, which has been adjusted from the initial price of RMB 26.15 per share [3][30][32] Group 1 - The controlling shareholder's equity ratio was diluted due to the conversion of bonds, but this does not involve a change in the number of shares held [2][4] - The company issued convertible bonds on November 2, 2022, and they began trading on November 25, 2022 [3][28] - As of September 30, 2025, a total of 1,877,488 shares have been converted from the bonds, increasing the total share capital from 97,446,217 to 99,323,705 shares [3][33] Group 2 - The company plans to redeem the convertible bonds at a price of RMB 101.19 per bond, including accrued interest, with the redemption date set for October 30, 2025 [6][17][20] - The redemption will occur if the bonds are not converted by the deadline, and the last trading day for the bonds will be October 27, 2025 [7][19] - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for the required trading days [8][16]