V-Test(SH:688372) Shang Hai Zheng Quan Bao·2025-11-11 19:31Core Viewpoint - Shanghai Weicai Semiconductor Technology Co., Ltd. has decided not to exercise the early redemption rights for its convertible bonds, "Weicai Convertible Bonds," despite meeting the conditions for early redemption, to protect investor interests and demonstrate confidence in the company's long-term development [2][10]. Group 1: Convertible Bond Basic Information - The company issued 11.75 million convertible bonds with a total value of 1.175 billion yuan, with a maturity period from April 9, 2025, to April 8, 2031 [3]. - The initial conversion price for the bonds was set at 82.15 yuan per share, which has been adjusted multiple times due to stock incentive plans and capital increases [5][6][7]. Group 2: Redemption Terms and Trigger Conditions - The conditional 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 [8][10]. - The stock price conditions for triggering the redemption were met between October 15, 2025, and November 11, 2025, with the stock price exceeding the required thresholds [10]. Group 3: Decision on Early Redemption - The company's board of directors held a meeting on November 11, 2025, and unanimously decided not to exercise the early redemption rights for the convertible bonds, citing confidence in the company's intrinsic value and current market conditions [2][10]. - The board also stated that if the redemption conditions are met again within the next three months, they will still not exercise the early redemption rights [10].