金诚信矿业管理股份有限公司

Core Viewpoint - The company has decided not to exercise the early redemption rights for the "Jincheng Convertible Bonds" despite triggering the redemption conditions due to stock price performance [2][7]. Group 1: Convertible Bond Overview - The company issued 1 million convertible bonds with a total value of 100 million yuan, with a maturity of 6 years starting from December 23, 2020 [3]. - The initial conversion price was set at 12.73 yuan per share, which has been adjusted multiple times due to profit distribution, currently standing at 11.78 yuan per share as of June 27, 2025 [4]. Group 2: Redemption Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5]. - The stock price from October 10 to October 30, 2025, met the criteria for early redemption, triggering the company's decision-making process [6]. Group 3: Decision on Early Redemption - On October 30, 2025, the board unanimously decided not to redeem the bonds early, considering the current market conditions and the bonds' impending maturity on December 22, 2026 [7]. - The company will not exercise early redemption rights during the remaining conversion period if the stock price conditions are met again [7]. Group 4: Shareholder Activity - There have been no transactions of "Jincheng Convertible Bonds" by major shareholders or executives in the six months leading up to the triggering of the redemption conditions, and there are no plans for future reductions [7].