PDH(SH:600048) Shang Hai Zheng Quan Bao·2025-11-17 19:38Core Viewpoint - The announcement details the issuance and terms of the convertible bonds "Poly Convertible Bonds" by Poly Development Holdings Group Co., Ltd, including the conversion price and period for bondholders to convert their bonds into shares [1][2]. Group 1: Convertible Bond Issuance Overview - The total issuance of convertible bonds is 85,000 million yuan, with each bond having a face value of 100 yuan [2][3]. - The bonds will be listed on the Shanghai Stock Exchange under the code "110817" starting from June 19, 2025 [2]. - The bonds have a maturity period of six years, from May 15, 2025, to May 15, 2031 [3]. Group 2: Conversion Terms - The current conversion price is set at 15.92 yuan per share, adjusted from an initial price of 16.09 yuan due to a cash dividend distribution [3][10]. - The conversion period for the bonds is from November 21, 2025, to May 15, 2031 [3]. Group 3: Conversion Application Process - Bondholders can apply for conversion through the Shanghai Stock Exchange trading system, with a minimum conversion unit of 1 share [5]. - The conversion application cannot be withdrawn once confirmed, and the conversion will be processed on the next trading day after the application [5][6]. Group 4: Rights and Interests of Converted Shares - Newly converted shares will be listed for trading on the next trading day after the conversion application [7]. - Converted shares will enjoy the same rights as existing shares [7]. Group 5: Interest Payment and Taxation - Interest on the bonds will be paid annually, with the first payment starting from the issuance date [9]. - Any taxes arising from the conversion process will be borne by the bondholders [8][9]. Group 6: Lock-up Period for Converted Shares - There is an 18-month lock-up period for shares obtained through conversion, ending on November 22, 2026 [13]. - After the lock-up period, the shares will be freely transferable [13].