Modren High-tech(SZ:300876) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-23 01:01Core Viewpoint - The company announces the redemption of its convertible bonds, "Montai Convertible Bonds," with specific dates for trading cessation, conversion, and redemption, urging bondholders to act within the stipulated timeframes to avoid potential losses [2][3][5]. Group 1: Redemption Details - The last trading day for "Montai Convertible Bonds" is set for October 24, 2025, after which trading will cease [2]. - The final conversion date is October 29, 2025, with any unconverted bonds being forcibly redeemed at a price of 101.19 yuan per bond, including tax [3][5]. - The redemption price is determined to be 101.19 yuan per bond, which includes accrued interest at an annual rate of 1.20% [5][17]. Group 2: Conversion and Trading Information - As of October 21, 2025, a total of 9,983,238 shares have been converted from the "Montai Convertible Bonds," representing 10.40% of the company's total shares prior to conversion [25]. - There are still 656,731 bonds unconverted, which accounts for 21.89% of the total issuance of 3,000,000 bonds [25][33]. - Bondholders must have access to the ChiNext trading platform to convert their bonds, and those who do not meet the suitability requirements will not be able to convert [3][7]. Group 3: Triggering Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price for at least 15 trading days within a 30-day period [8][16]. - The initial conversion price was set at 26.15 yuan per share, later adjusted to 23.47 yuan per share due to corporate actions [29][31]. Group 4: Company Background and Bond Issuance - The company issued 3,000,000 convertible bonds on November 2, 2022, with a total fundraising amount of 300 million yuan [26][39]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting November 25, 2022 [27].