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 triggered the conditional redemption clause for its convertible bonds due to stock price performance, but the company has decided not to exercise this redemption right at this time [2][14]. Group 1: Convertible Bond Issuance and Trading - The company issued 3 million convertible bonds on September 12, 2023, with a total amount of 300 million yuan and a maturity of six years [3]. - The initial conversion price of the bonds was set at 42.72 yuan per share, which was later adjusted downwards to 35.00 yuan and subsequently to 21.10 yuan due to specific conditions [4][6]. - The latest conversion price is now 20.94 yuan per share following adjustments related to share repurchases [7]. Group 2: Redemption Conditions and Trigger Events - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [8]. - The redemption condition was triggered from September 19 to October 17, 2025, as the stock price met the required threshold [13]. - The company has held multiple board meetings to decide against exercising the redemption right during various triggered periods [10][11][12][14]. Group 3: Company Decisions and Future Considerations - The board of directors decided not to redeem the convertible bonds during the latest triggered period, considering market conditions and investor interests [14]. - The company will reassess the situation if the redemption conditions are triggered again after January 18, 2026 [14]. - There have been no transactions of the convertible bonds by major stakeholders in the six months leading up to the redemption condition being met [15].