Zheshang completed the redemption of 'Zhe 22 convertible bonds' on November 28, 2024, with a total of 82,970 bonds redeemed, amounting to 8,319,816.75 yuan (including the current interest). The redemption conditions were met as the company's stock price reached 130% of the conversion price, and the early redemption resolution was approved at the board of directors meeting on November 5, 2024. The redemption funds will be issued on November 28, 2024, which will also be the delisting date for the convertible bonds. As of November 27, 2024, a total of 6,991,703,000 yuan of 'Zhe 22 convertible bonds' have been converted into company stocks, with a conversion amount of 695,627,844 shares, accounting for 17.94% of the total shares issued by the company before conversion. The company's total share capital has thus increased to 4,573,796,639 shares. Due...Show More

Zheshang completed the redemption of 'Zhe 22 convertible bonds' on November 28, 2024, with a total of 82,970 bonds redeemed, amounting to 8,319,816.75 yuan (including the current interest). The redemption conditions were met as the company's stock price reached 130% of the conversion price, and the early redemption resolution was approved at the board of directors meeting on November 5, 2024. The redemption funds will be issued on November 28, 2024, which will also be the delisting date for the convertible bonds. As of November 27, 2024, a total of 6,991,703,000 yuan of 'Zhe 22 convertible bonds' have been converted into company stocks, with a conversion amount of 695,627,844 shares, accounting for 17.94% of the total shares issued by the company before conversion. The company's total share capital has thus increased to 4,573,796,639 shares. Due to the increase in total share capital, the eps will be somewhat diluted in the short term, but in the long run, it strengthens the company's capital strength, which is conducive to sustainable development. This redemption will not affect the company's cash flow. After the redemption is completed, the unconverted 'Zhe 22 convertible bonds' amounting to 8,297,000 yuan will be completely frozen, and conversion will be stopped. The company ceased the trade of 'Zhe 22 convertible bonds' on November 22, 2024, and completed all related procedures after the redemption date.