CHANT GROUP(SZ:002616) Shang Hai Zheng Quan Bao·2025-11-11 20:28Summary of Key Points Core Viewpoint The announcement details the redemption of the "Changji Convertible Bonds" by Guangdong Changqing (Group) Co., Ltd., following the fulfillment of conditions for early redemption due to the stock price exceeding the specified threshold. Group 1: Convertible Bond Basic Information - The company issued 8 million convertible bonds with a total value of 800 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission on April 9, 2020 [2][30]. - The bonds were listed on the Shenzhen Stock Exchange on May 13, 2020 [3][31]. - The conversion period for the bonds is from October 15, 2020, to April 8, 2026 [4][32]. Group 2: Conversion Price Adjustments - The conversion price was adjusted multiple times, including a decrease from 8.31 yuan to 8.11 yuan on June 3, 2020, and further adjustments down to 5.15 yuan by September 24, 2025 [5][6][35]. - The most recent adjustment occurred on September 18, 2024, setting the conversion price to 5.30 yuan [7][36]. Group 3: Redemption Conditions - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days or if the unconverted bond balance falls below 30 million yuan [8][36]. - The redemption was triggered as the stock price met the criteria from September 15 to October 13, 2025 [10][38]. Group 4: Redemption Implementation - The redemption price is set at 101.151 yuan per bond, including interest and tax [15][42]. - A total of 11,228 bonds will be redeemed, amounting to 1,135,723.25 yuan [20][49]. - The redemption date is November 4, 2025, with trading of the bonds ceasing on October 30, 2025 [17][47]. Group 5: Impact of Redemption - The total face value of the redeemed bonds is 1,122,800 yuan, representing 0.1404% of the total issuance, which will not significantly impact the company's financial status [22]. - The total share capital increased by 117,333,224 shares due to conversions, leading to a dilution of earnings per share in the short term [22][26]. Group 6: Delisting Arrangement - The bonds will be delisted from the Shenzhen Stock Exchange on November 12, 2025, following the complete redemption [25][49].