Tederic(SH:603289) Shang Hai Zheng Quan Bao·2025-10-15 19:55Core Viewpoint - The company has decided not to exercise the early redemption option for its convertible bonds, "Tai Rui Convertible Bonds," despite meeting the conditions for potential redemption due to confidence in its future development and to protect investor interests [2][10]. Group 1: Convertible Bond Issuance and Terms - The company issued 3,378,000 convertible bonds with a total value of 337.8 million yuan, with a maturity of six years and a tiered interest rate starting from 0.30% in the first year to 2.50% in the sixth year [3][4]. - The initial conversion price was set at 8.29 yuan per share, later adjusted to 8.15 yuan per share due to corporate actions [4][5]. Group 2: Redemption Conditions and Trigger Events - The redemption clause can be triggered if the company's stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [6][9]. - From September 1 to October 15, 2025, the company's stock price met the criteria for triggering the redemption clause [9]. Group 3: Board Decision on Redemption - The board of directors unanimously agreed not to redeem the convertible bonds early, citing confidence in the company's future and current market conditions [10]. - The decision will be reassessed if the redemption conditions are met again after January 15, 2026 [10]. Group 4: Shareholder Actions - There have been no transactions of the convertible bonds by major shareholders or executives in the six months leading up to the redemption conditions being met [11]. - The company will ensure compliance with legal regulations if any future reductions in holdings are planned by these stakeholders [11]. Group 5: Sponsor Institution's Opinion - The sponsor institution confirmed that the decision not to redeem the bonds early followed proper procedures and complies with relevant regulations [13].