NORINCO International(000065) 证券之星·2025-04-01 12:32Core Viewpoint - The announcement highlights the implementation of the redemption of "Beifang Convertible Bonds" and the upcoming cessation of conversion rights, urging bondholders to convert their bonds before the deadline to avoid potential losses [1][2]. Group 1: Redemption Details - The last conversion date for "Beifang Convertible Bonds" is April 3, 2025, after which unconverted bonds will be redeemed at a price of 100.90 CNY per bond [1][8]. - The redemption was triggered as the stock price closed at or above 130% of the conversion price for 15 trading days from February 13, 2025, to March 6, 2025 [2][6]. - The bond was issued on October 24, 2019, with a total of 5.7821 million bonds at a face value of 100 CNY each, and the initial conversion price was set at 8.84 CNY per share [2][3]. Group 2: Conversion and Redemption Procedures - Bondholders must convert their bonds through the securities company that holds their bonds, with a minimum conversion unit of 1 bond [9][10]. - The redemption price includes accrued interest calculated based on a 2.00% annual interest rate, resulting in a total redemption price of 100.90 CNY per bond [8][9]. - After the redemption, "Beifang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [9][11]. Group 3: Historical Context and Conditions - The bond has undergone several adjustments to its conversion price, with the current conversion price being 7.65 CNY per share [4][5]. - The company has previously decided not to exercise its redemption rights under certain conditions, but the current market conditions have led to the decision to redeem the bonds [6][7].