Peacebird(SH:603877) Shang Hai Zheng Quan Bao·2025-10-15 19:03Core Viewpoint - The company announces the conditional repurchase of its convertible bonds ("太平转债") due to the stock price falling below 70% of the conversion price for thirty consecutive trading days, allowing bondholders to choose whether to sell back their bonds at a specified price [2][4]. Group 1: Repurchase Terms - Bondholders can sell back part or all of their unconverted convertible bonds during the repurchase period [8]. - The repurchase price is set at 100.49 RMB per bond, which includes accrued interest [12]. - The repurchase period is from October 23, 2025, to October 29, 2025, with funds to be disbursed on November 3, 2025 [4][13]. Group 2: Conditions for Repurchase - The conditional repurchase clause is activated when the company's stock price remains below 70% of the conversion price for thirty consecutive trading days [2]. - If bondholders do not exercise their repurchase rights during the specified period, they will lose the right to do so for the current interest year [5]. Group 3: Interest Calculation - The interest for the current period is calculated based on the formula: IA = B × i × t / 365, where the interest for the fifth year is approximately 0.49 RMB per bond [6][7]. Group 4: Trading During Repurchase Period - The convertible bonds will continue to trade during the repurchase period but will stop converting into shares [15]. - If the total face value of the bonds in circulation falls below 30 million RMB due to the repurchase, the bonds will still continue to trade until the end of the repurchase period [15].