Zhejiang Sunrise Garment (SH:605138) Xin Lang Cai Jing·2026-01-05 20:49Core Viewpoint - The announcement details the conversion results of the company's convertible bonds, indicating low conversion activity and a significant amount of unconverted bonds remaining. Group 1: Convertible Bond Conversion Status - As of December 31, 2025, a total of 121,000 yuan of "Shengtai Convertible Bonds" has been converted into common stock, resulting in 11,397 shares, which represents 0.0021% of the company's total shares before conversion [2][6] - The amount of unconverted "Shengtai Convertible Bonds" as of December 31, 2025, is 701,048,000 yuan, accounting for 99.9812% of the total issuance [2][6] - For the quarter from October 1, 2025, to December 31, 2025, the amount converted was 13,000 yuan, leading to the issuance of 1,229 shares [2][6] Group 2: Convertible Bond Issuance Overview - The company issued 7,011,800 convertible bonds with a total fundraising amount of 701.18 million yuan, with a maturity of 6 years and a face value of 100 yuan per bond [3] - The coupon rates for the bonds are structured to increase from 0.30% in the first year to 2.00% in the sixth year [3] - The initial conversion price was set at 10.90 yuan per share, which has been adjusted to 10.56 yuan per share as of the latest update [3][4] Group 3: Conversion Period and Buyback - The conversion period for "Shengtai Convertible Bonds" is from May 11, 2023, to November 6, 2028 [5] - The company executed a buyback of 110 bonds for a total amount of 11,041.80 yuan (including interest) between March 25 and March 31, 2025 [4]