Core Viewpoint - The controlling shareholder of Daoshi Technology, Rong Jihua, plans to reduce his shareholding by up to 15,416,611 shares, which is approximately 1.97% of the total share capital, due to personal financial needs [1] Group 1: Shareholding Reduction - Rong Jihua currently holds 123,392,428 shares, representing 15.77% of the total share capital [1] - The planned reduction will occur within three months after a 15 trading day period following the announcement [1] - The reduction will be executed through centralized bidding or block trading [1] Group 2: Fundraising Activities - Daoshi Technology has raised funds five times, totaling 50.73 billion yuan [1] - The company went public on December 3, 2014, with an initial public offering (IPO) raising 281 million yuan at a price of 17.30 yuan per share [1] - The company has conducted two private placements, raising 1.71 billion yuan and 1.2 billion yuan in separate instances [2][3] - Daoshi Technology issued convertible bonds twice, raising a total of 3.08 billion yuan [1][3] Group 3: Financial Details of Issuances - The total issuance cost for the IPO was approximately 27.33 million yuan, with underwriting fees of 20 million yuan [2] - The non-public offering on February 3, 2016, raised 512.3 million yuan at a price of 51.23 yuan per share [2] - The convertible bonds issued in 2017 had a total issuance amount of 480 million yuan, with a face value of 100 yuan per bond [2] - The recent issuance of convertible bonds in April 2023 totaled 2.6 billion yuan, with each bond also having a face value of 100 yuan [3]

Core Viewpoint - The company has announced the early redemption of its convertible bond "Dao Shi Zhuan 02" due to the triggering of conditional redemption clauses based on stock price performance [2][4]. Group 1: Convertible Bond Overview - The company issued 26,000,000 convertible bonds at a price of 100 RMB each, raising a total of 2.6 billion RMB, with a net amount of approximately 2.58 billion RMB after expenses [2]. - The initial conversion price was set at 15.46 RMB per share, which has been adjusted to 12.93 RMB per share as of the announcement date [4][5]. Group 2: Conditional Redemption Terms - The conditional redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [3][4]. - The stock price reached 16.81 RMB per share, triggering the redemption clause [2][4]. Group 3: Redemption Implementation - The redemption price is set at 100.02 RMB per bond, which includes accrued interest calculated based on the bond's face value and interest rate [5]. - The redemption will be executed on April 15, 2025, with funds transferred to bondholders' accounts on April 22, 2025 [6][8]. Group 4: Shareholder Transactions - The company's controlling shareholder, Rong Jihua, sold all 5,515,518 bonds held prior to the redemption condition being met, representing 21.21% of the total issuance [7].

Group 1 - The core viewpoint of the article highlights that the AH premium has dropped below 130, marking a rare occurrence [1] - This level is noted to be the lowest in approximately five years, with the last instance below 130 occurring in 2020, while it was as high as 155 just a year ago [2] Group 2 - Fangyuan Co., Ltd. plans to reduce its shareholding by no more than 3% [3] - Hefeng Co., Ltd. intends to reduce its shareholding by no more than 1.27% [3] - Huayou Cobalt's subsidiary has signed a strategic cooperation agreement with Weilan New Energy Technology [3] - Certain convertible bonds, including Jia Yuan Convertible Bond, Tian 23 Convertible Bond, and Jinggong Convertible Bond, will not undergo adjustments [3]