上海姚记科技股份有限公司关于不提前赎回“姚记转债”的公告

Core Viewpoint - Shanghai Yaoji Technology Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, "Yaoji Convertible Bonds," despite triggering the conditional redemption clause due to stock prices exceeding 130% of the conversion price for fifteen trading days [2][9]. Group 1: Convertible Bond Details - The company issued 5,831,273 convertible bonds with a face value of RMB 100 each, raising a total of RMB 58,312.73 million [2]. - The initial conversion price of the "Yaoji Convertible Bonds" was set at RMB 21.53 per share, which has been adjusted multiple times due to various corporate actions [4][5][6]. - The bonds are listed on the Shenzhen Stock Exchange and began trading on February 26, 2024 [3]. Group 2: Redemption Conditions - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for fifteen trading days [8]. - The stock price reached RMB 26.08, triggering the redemption clause from December 26, 2025, to February 9, 2026 [8]. - The board has decided not to exercise the redemption rights for the next three months, even if the conditions are met again [9][12]. Group 3: Board Meeting and Decision - The sixth board meeting was held on February 9, 2026, where the decision not to redeem the bonds was unanimously approved by all seven directors present [11][12]. - The decision was made considering the company's actual situation and market environment, aiming to protect investor interests [9][12].