Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-11-11 20:35Core Viewpoint - The company, Zhuzhou Qibin Group Co., Ltd., is holding its fourth extraordinary general meeting of shareholders in 2025 on November 17, 2025, to discuss various matters including the impact of convertible bonds on shareholder equity [2][3][15]. Group 1: Shareholder Meeting Details - The fourth extraordinary general meeting will be held at the company's headquarters in Shenzhen, combining on-site and online voting methods [2][3]. - The meeting is scheduled for November 17, 2025, at 14:00, with online voting available from 9:15 to 15:00 on the same day [3][4]. - Shareholders must register to attend the meeting, with registration open from November 12 to November 12, 2025 [10][12]. Group 2: Convertible Bond Equity Change - The company's convertible bonds have led to a dilution of the controlling shareholder's equity from 40.98% to 39.90% due to an increase in total shares outstanding [15][21]. - The total number of shares increased to 2,788,321,439 as of November 10, 2025, following the conversion of 104,928,091 shares from the convertible bonds [21][26]. - The convertible bonds, issued in 2021, have a current conversion price of 5.43 yuan per share, which has been adjusted multiple times due to various corporate actions [16][19][20]. Group 3: Early Redemption of Convertible Bonds - The company has triggered the early redemption of its convertible bonds due to the stock price meeting specific criteria over a 30-day trading period [24][25]. - The board of directors has approved the early redemption, which will be executed at the face value plus accrued interest [26]. - Investors holding the convertible bonds must act within the specified timeframe to avoid forced redemption, which could result in significant investment losses [24][27].