彤程新材料集团股份有限公司关于提前赎回“彤程转债”的公告

Core Viewpoint - Tongcheng New Materials Group Co., Ltd. has triggered the conditional redemption clause for its convertible bonds ("Tongcheng Convertible Bonds") due to the stock price meeting the specified criteria, leading to the decision to redeem all outstanding bonds at face value plus accrued interest [2][11]. Group 1: Convertible Bond Redemption - The stock price of Tongcheng New Materials has closed at or above 130% of the current conversion price (40.443 CNY/share) for 15 trading days from September 24, 2025, to October 22, 2025, triggering the redemption clause [2][11]. - The company's board of directors approved the early redemption of the "Tongcheng Convertible Bonds" at a meeting held on October 22, 2025, with a unanimous vote [2][13]. - Investors holding "Tongcheng Convertible Bonds" can either trade them in the secondary market or convert them at a price of 31.11 CNY/share, or face mandatory redemption at 100 CNY per bond plus accrued interest [2][11]. Group 2: Convertible Bond Issuance and Terms - The company issued a total of 800.18 million CNY in convertible bonds on January 26, 2021, with a maturity of six years and a tiered interest rate structure [3][4]. - The initial conversion price was set at 32.96 CNY/share, which has been adjusted multiple times due to profit distribution, with the current conversion price at 31.11 CNY/share [5][6][7]. - The conditional redemption clause allows the company to redeem the bonds if the stock price conditions are met or if the remaining unconverted bonds are less than 30 million CNY [11].