DFSS(SH:603377) Shang Hai Zheng Quan Bao·2026-01-19 19:18Core Viewpoint - The company announces the first notice regarding the optional redemption of its convertible bonds, "东时转债," allowing bondholders to sell back their bonds at a specified price [2][4]. Group 1: Redemption Terms - Redemption Price: 101.84 RMB per bond (including current interest) [2][9]. - Bondholders can choose to redeem part or all of their unconverted convertible bonds, and this redemption is not mandatory [2][5]. - The redemption period is set from January 26, 2026, to January 30, 2026, with funds to be disbursed on February 4, 2026 [4][10]. Group 2: Calculation of Interest - The current accrued interest is calculated using the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds, i is the annual coupon rate, and t is the number of days [3]. - For the sixth year, the coupon rate is 2.30%, and the interest for the period from April 9, 2025, to January 26, 2026, is approximately 1.84 RMB per bond [5]. Group 3: Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the redemption period [6]. - If a redemption request is not successful on the first day, bondholders can continue to submit requests on subsequent days within the redemption period [7]. Group 4: Trading During Redemption Period - "东时转债" will continue to trade during the redemption period but will stop converting into shares [12]. - If the total face value of the convertible bonds in circulation falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period, after which the company will announce the results [12].