Top group completes redemption of "Top convertible bonds"

Ningbo Tuopu Group (SSE: 601689) announced the successful completion of the redemption of its "Top Convertible Bonds" on March 14, 2025. A total of 9,709,000 yuan (97,090 bonds) was redeemed at a price of 100.3995 yuan per bond, resulting in a total payout of 9,747,790.52 yuan, inclusive of interest. As a result of the bond conversions prior to the redemption, the company's total share capital increased to 1,737,835,580 shares. Following the redemption, the holdings of the controlling shareholder, Maike International Holding (Hong Kong) Co., Ltd., have changed to 1,005,836,000 shares, representing 57.8787% of the total share capital. The company states that the redemption will enhance its capital strength and improve its risk resistance.