Core Viewpoint - The company has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to a decision to redeem all outstanding bonds at face value plus accrued interest [10][12]. Group 1: Convertible Bond Issuance Overview - The company issued 12.4 million convertible bonds on February 23, 2021, with a total amount of 124 million yuan, each with a face value of 100 yuan [2]. - The bonds are set to mature six years from the issuance date, with trading commencing on March 15, 2021, under the name "Jia Yuan Convertible Bonds" [2]. - The initial conversion price was set at 78.99 yuan per share, with subsequent adjustments due to various corporate actions [2][3][4][5][6]. Group 2: Redemption Terms and Trigger Conditions - The company has two types of redemption clauses: a mandatory redemption at 115% of the face value upon maturity and a conditional redemption if the stock price exceeds 130% of the conversion price for at least 15 trading days [7][8]. - The stock price from January 12 to February 24, 2026, met the condition for redemption, with 15 trading days closing above 43.14 yuan, which is 130% of the current conversion price of 33.18 yuan [10]. Group 3: Decision on Early Redemption - On February 24, 2026, the company’s board approved the early redemption of the "Jia Yuan Convertible Bonds," deciding to exercise its right to redeem all bonds at face value plus accrued interest [12]. - The management is authorized to handle all matters related to the redemption process [12]. Group 4: Shareholder Trading Activity - During the six months leading up to the redemption condition being met, the company's actual controllers, major shareholders, directors, and senior management did not trade the "Jia Yuan Convertible Bonds" [13].
广东嘉元科技股份有限公司 关于提前赎回“嘉元转债”的提示性公告