FREEWON(SH:688678) Xin Lang Cai Jing·2026-02-11 18:46Core Viewpoint - The company has triggered the conditional redemption of its convertible bonds due to the stock price meeting the required threshold, which will lead to a significant change in its capital structure and financial position [2][9]. Redemption Conditions - The company's stock price has been above 130% of the conversion price for at least 15 trading days, fulfilling the conditions for the redemption of the "福立转债" [2]. Redemption Announcement - The company’s board approved the early redemption of the convertible bonds on January 19, 2026, and the details were disclosed on January 20, 2026 [3]. Redemption Details - The redemption date is set for February 10, 2026, with a redemption price of 100.3967 yuan per bond, including accrued interest [4][5]. Financial Impact - The total amount for the redemption is 1,032,130.23 yuan, which represents 0.15% of the total issued convertible bonds, and is not expected to significantly impact the company's financial status or cash flow [9]. Share Capital Changes - After the redemption, the total share capital will increase to 287,933,215 shares, leading to a slight dilution of earnings per share in the short term, but enhancing the company's capital strength in the long term [9]. Shareholder Equity Changes - The redemption will result in a passive dilution of the controlling shareholder's equity percentage, but will not affect the company's control or governance structure [10].