成都盟升电子技术股份有限公司关于不提前赎回“盟升转债”的公告

Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. has decided not to exercise the early redemption rights for its convertible bonds, "Mingsheng Convertible Bonds," despite meeting the conditions for redemption due to market considerations and to protect investor interests [2][15]. Group 1: Convertible Bond Issuance and Terms - The company issued 3 million convertible bonds with a total amount of 300 million yuan, with a maturity of six years and a tiered interest rate starting from 0.20% in the first year to 2.50% in the sixth year [3]. - The initial conversion price was set at 42.72 yuan per share, which was subsequently adjusted down to 20.94 yuan per share due to specific conditions outlined in the prospectus [4][5][7]. Group 2: Redemption Conditions and Trigger Events - 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 [8]. - The recent trigger occurred from September 19 to October 17, 2025, when the stock price met the redemption condition [14]. Group 3: Board Decisions and Future Considerations - The board convened on October 17, 2025, and resolved not to redeem the bonds, stating that if the redemption conditions are met again in the next three months, the company will still not exercise the redemption rights [15]. - The next evaluation date for potential redemption will be January 18, 2026, if the conditions are met again [17]. Group 4: Shareholder Transactions - There have been no transactions of the convertible bonds by major shareholders, including the actual controller and senior management, in the six months leading up to the redemption condition [16].