Peacebird(SH:603877) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-22 01:00Core Viewpoint - The company announces the conditional redemption terms for its convertible bonds, allowing holders to sell back part or all of their unconverted bonds at a specified price due to the stock price falling below a certain threshold [1][2][3]. Redemption Terms and Conditions - Holders of the "Tai Ping Convertible Bonds" can choose to redeem their bonds at a price of 100.49 RMB per bond, which includes accrued interest [5][9]. - The redemption period is set from October 23, 2025, to October 29, 2025, with funds to be disbursed on November 3, 2025 [10][11]. - The bonds will stop being convertible during the redemption period, but trading will continue [12]. Calculation of Accrued Interest - The interest for the current period is calculated based on a rate of 1.80% for 100 days, resulting in approximately 0.49 RMB per bond [5][4]. - The total redemption price is thus 100 RMB (face value) plus 0.49 RMB (accrued interest) [5][9]. Conditions for Redemption - The conditional redemption clause is activated if the company's stock price remains below 70% of the conversion price for any consecutive 30 trading days [2][3]. - If bondholders do not exercise their redemption rights during the specified period, they will lose the right to redeem for that interest year [3][2]. Trading and Submission Procedures - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified period, and once confirmed, these requests cannot be revoked [6][7]. - If a submission fails on the first day, bondholders can attempt to submit again on subsequent days within the redemption period [7][8].