Peacebird(SH:603877) Shang Hai Zheng Quan Bao·2025-10-20 20:13Core Viewpoint - The company announces the third reminder regarding the conditional redemption of its convertible bonds, "Tai Ping Convertible Bonds," allowing bondholders to choose whether to redeem their bonds at a specified price due to the stock price falling below a certain threshold [2][3]. Summary by Sections Redemption Terms and Price - The redemption price is set at 100.49 RMB per bond, including the current interest [2][12]. - Bondholders can choose to redeem part or all of their unconverted convertible bonds, and this redemption is not mandatory [2][8]. - If bondholders do not redeem during the specified period, they will lose the right to redeem for the current interest year [2][5]. Conditions for Redemption - The conditional redemption clause is activated if the company's stock price has been below 70% of the conversion price for any consecutive thirty trading days [2][3]. - The redemption right can only be exercised once per year during the last two interest years of the bond [5]. Redemption Period and Payment - The redemption period is from October 23, 2025, to October 29, 2025 [4][11]. - The payment date for the redeemed bonds is set for November 3, 2025 [4][13]. Trading During Redemption Period - The "Tai Ping Convertible Bonds" will continue to trade during the redemption 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 redemptions, the bonds will still continue to trade until the end of the redemption period [15].