广东蒙泰高新纤维股份有限公司关于提前赎回蒙泰转债的第三次提示性公告

Core Viewpoint - The company, Guangdong Montai High-tech Fiber Co., Ltd., has announced the early redemption of its convertible bonds, "Montai Convertible Bonds," due to the fulfillment of certain conditions related to the stock price performance, aiming to reduce interest expenses and improve capital efficiency [5][15]. Group 1: Redemption Details - The redemption price for "Montai Convertible Bonds" is set at 101.19 CNY per bond, including accrued interest at an annual rate of 1.20% [2][15]. - The conditions for redemption were met on September 29, 2025, with the last trading day being October 27, 2025, and the redemption date on October 30, 2025 [3][18]. - Investors must ensure that any pledged or frozen bonds are released before the stop conversion date to avoid forced redemption [3][4]. Group 2: Bond Issuance and Trading - The company issued 3,000,000 convertible bonds on November 2, 2022, with a total fundraising amount of 300 million CNY [5][24]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting November 25, 2022, under the code "123166" [6][24]. - The initial conversion price was set at 26.15 CNY per share, which was adjusted to 25.95 CNY and then to 25.75 CNY due to dividend distributions [8][9]. Group 3: Conversion Rights and Conditions - The conversion period for the bonds started on May 8, 2023, and will last until November 1, 2028 [7]. - The conditional redemption clause was triggered as the stock price exceeded 130% of the conversion price for 15 trading days [15][24]. - The current conversion price is 23.47 CNY per share, reflecting a downward adjustment made on November 7, 2024 [10][24]. Group 4: Impact on Shareholding Structure - The conversion of bonds has led to an increase in the total share capital, resulting in a passive dilution of the controlling shareholder's equity from 60.39% to 59.80% [23][25]. - This change does not involve any change in the number of shares held by the controlling shareholders and does not affect the company's governance structure [23][25].