Topscore Fashion(SH:603608) Shang Hai Zheng Quan Bao·2025-12-30 23:02Core Viewpoint - Tian Chuang Fashion Co., Ltd. ("the Company") announced that its convertible bond "Tian Chuang Convertible Bond" experienced abnormal trading fluctuations, with a cumulative closing price increase exceeding 30% over two consecutive trading days [2][5]. Group 1: Convertible Bond Trading Fluctuations - The closing price of "Tian Chuang Convertible Bond" on December 30, 2025, was 285.151 CNY per bond, representing a premium of 185.15% over the face value and a conversion premium rate of 274.41% [2][7]. - The bond's trading abnormality is classified under the Shanghai Stock Exchange's regulations for convertible bonds due to the significant price deviation [5]. Group 2: Company Operations and Major Events - The Company confirmed that its production and operational activities are normal, with no significant changes in market conditions or industry policies affecting production and sales [6]. - A thorough investigation revealed no undisclosed major events that could impact the trading price of the convertible bond, and no significant media reports or market rumors were found [6]. Group 3: Convertible Bond Issuance Overview - The Company issued 6 million convertible bonds on June 24, 2020, with a total value of 60 million CNY and a maturity period of 6 years [3]. - The initial conversion price was set at 12.64 CNY per share, later adjusted to 12.29 CNY per share due to profit distribution [3]. Group 4: Redemption and Buyback Information - The Company conducted a buyback of "Tian Chuang Convertible Bond" from August 12 to August 16, 2024, with valid buyback applications totaling 5,327,750 bonds, amounting to 532,775,000 CNY [4]. - No valid buyback applications were received during subsequent buyback periods in December 2024 and August 2025 [4].