Peacebird(SH:603877) Shang Hai Zheng Quan Bao·2025-10-21 19:43Core Points - The company has announced the fourth notice regarding the conditional redemption of its convertible bonds, "Tai Ping Zhuan Dai" [1] - The redemption price is set at 100.49 RMB per bond, including the current interest [2][12] - Holders of "Tai Ping Zhuan Dai" have the option to redeem part or all of their unconverted bonds, and this redemption is not mandatory [2][8] Redemption Terms - The redemption period is from October 23, 2025, to October 29, 2025 [4][11] - The payment date for the redeemed bonds is November 3, 2025 [13] - During the redemption period, the bonds will stop converting into shares [4][15] 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 30 trading days [2][3] - The current interest for the fifth year is calculated at a rate of 1.80%, resulting in an interest of approximately 0.49 RMB per bond [7] Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified period [9][10] - If a request is not successfully submitted on the first day, bondholders can continue to submit requests on subsequent days within the redemption period [10] Trading During Redemption - "Tai Ping Zhuan Dai" will continue to trade during the redemption period, but conversion to shares will be halted [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]