TINCI(SZ:002709) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-16 22:28Core Viewpoint - The company has decided to exercise its right to redeem the "Tinci Convertible Bonds" early due to market conditions and company circumstances, with a redemption price set at 100.29 yuan per bond, effective from December 3, 2025 [2][11][18]. Summary by Sections Convertible Bond Issuance and Redemption - The company issued 34,105,000 convertible bonds on September 23, 2022, with a total issuance amount of 3,410,500,000 yuan [3]. - The redemption price is set at 100.29 yuan per bond, including interest and tax, with the redemption registration date on December 2, 2025, and the redemption date on December 3, 2025 [2][11][12]. Conversion and Adjustment of Bond Terms - The conversion period for the bonds started on March 29, 2023, and will end on September 22, 2027 [3]. - The conversion price has been adjusted multiple times, with the latest adjustment reducing it from 48.25 yuan to 28.88 yuan per share, effective November 15, 2023 [6][10]. Conditions for Early Redemption - The early redemption clause was triggered as the company's stock price exceeded 130% of the conversion price for at least 15 trading days [10]. - The company’s board approved the early redemption on November 11, 2025, authorizing management to handle all related matters [2][10]. Redemption Process and Timeline - The bonds will stop trading on November 28, 2025, and the conversion will cease on December 3, 2025 [16]. - The funds from the redemption will be credited to bondholders' accounts by December 10, 2025 [16]. Additional Information for Bondholders - Bondholders must process conversion requests through their respective securities firms, with a minimum conversion unit of one bond [17]. - The company will publish daily announcements regarding the redemption until the redemption date [16].