Lushan New Materials(SH:603051) Shang Hai Zheng Quan Bao·2025-10-20 19:31Core Viewpoint - Guangzhou Lushan New Materials Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 trading days, leading to the decision to redeem all outstanding bonds [2][3]. Redemption Details - The company announced the early redemption of "Lushan Convertible Bonds" at a price of 100.6805 CNY per bond, which includes accrued interest [5][8]. - The total amount to be redeemed is 3,468,444.77 CNY, covering 34,450 bonds, with the redemption payment date set for October 20, 2025 [6][12]. Impact on Company - As of the redemption registration date, the remaining balance of "Lushan Convertible Bonds" is 3,445,000 CNY, representing 0.66% of the total issuance [8]. - The total share capital of the company will increase to 161,632,896 shares post-redemption, which may dilute earnings per share in the short term but is expected to strengthen the company's capital structure and reduce future interest expenses [13]. Conversion Status - By the redemption registration date, a total of 520,555,000 CNY of "Lushan Convertible Bonds" has been converted into 27,396,376 shares, accounting for 29.36% of the total shares before conversion [9]. Trading and Freezing of Bonds - "Lushan Convertible Bonds" ceased trading on October 14, 2025, and all unconverted bonds were frozen after the market close on October 17, 2025 [11].