Yuanxin Industrial: Expected to potentially trigger the "Yuanxin Convertible Bond" with a conditional redemption clause

K-LinePoet · 2026-03-12T07:17:51+00:00

Yuaxin Industrial announced that if the company's stock closing price remains at or above 129% of the conversion price (i.e., 29.835 yuan) from February 24 to March 9, 2026, it may trigger the "Yuaxin Convertible Bond" conditional redemption clause, and the board of directors may decide to redeem the bonds that have not been converted.

K-LinePoet

2026-03-12 07:17:51

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Yuánxìn Industrial Announcement: The company’s stock has closed at a price not less than 130% of the current conversion price of the “Yuánxìn Convertible Bond” (22.95 RMB per share) for 10 trading days from February 24, 2026, to March 9, 2026 (i.e., 29.835 RMB per share). If the company’s stock closing price continues to stay above 130% of the current conversion price in subsequent trading days, it may trigger the conditional redemption clause of the “Yuánxìn Convertible Bond.” According to the relevant provisions of the “Offering Prospectus” regarding the conditional redemption clause, the company’s board of directors will have the right to decide whether to redeem all or part of the unconverted “Yuánxìn Convertible Bonds” at the price equal to the bond’s face value plus accrued interest at that time.

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