Group 1 - The company announced the redemption and delisting of the "New 23 Convertible Bonds" effective from October 30, 2025, after the last trading day on October 24, 2025 [2][4][15] - The last conversion date for the "New 23 Convertible Bonds" is October 29, 2025, with only three trading days remaining until this date [3][14] - The redemption price is set at 100.2192 CNY per bond, which includes the face value and accrued interest [4][8][9] Group 2 - The company triggered the redemption clause as the stock price exceeded 130% of the conversion price for 15 trading days from September 8 to September 29, 2025 [5][7] - The company will issue a notice to all bondholders regarding the redemption process and will freeze all unconverted bonds after the redemption registration date [11][12] - The company confirmed that the bondholders must convert their bonds within the specified period to avoid forced redemption, which could lead to significant investment losses [4][16][17] Group 3 - The actual controller of the company, Mr. Tang Zhihua, reduced his shareholding by 9,683,400 shares, representing a 1.97% decrease in his total holdings [21][22] - The reduction was executed through both centralized bidding and block trading, with the plan fully implemented by October 23, 2025 [21][26] - Following the reduction, Mr. Tang's shareholding decreased from 38.68% to 36.72%, which triggered a 1% threshold change in equity [23][24][27]
江苏新泉汽车饰件股份有限公司