Core Points - The company has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 trading days [1][7] - The board of directors has approved the early redemption of the convertible bonds, which will be redeemed at face value plus accrued interest [1][8] - Investors can either trade the bonds in the secondary market or convert them at the conversion price of 5.95 CNY per share, or face mandatory redemption at 100 CNY per bond plus accrued interest [1][10] Convertible Bond Issuance Overview - The company issued 7.1 million convertible bonds on August 12, 2024, with a total amount of 71 million CNY and a maturity of 6 years [2] - The coupon rates for the bonds are structured to increase from 0.10% in the first year to 2.00% in the sixth year [2] Convertible Bond Listing - The convertible bonds were listed on the Shanghai Stock Exchange on September 3, 2024, under the name "豫光转债" and code "110096" [3] Conversion Price Adjustment - The initial conversion price was set at 6.17 CNY per share, adjusted to 5.95 CNY per share on July 11, 2025, due to the company's annual equity distribution [4] Redemption Clause and Trigger 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 remaining unconverted bonds are less than 30 million CNY [5][7] Decision on Early Redemption - The board decided to exercise the early redemption option to reduce financial costs and optimize the company's capital structure [8] Related Parties' Trading Activity - There were no transactions of the convertible bonds by major shareholders or executives in the six months leading up to the redemption condition being met [9]
河南豫光金铅股份有限公司 关于提前赎回“豫光转债”的公告