Torch Electronics announces "Torch convertible bonds" redemption results

Fujian Torch Electron Technology (SSE:603678) announced the results of the redemption of its "Torch Convertible Bonds" today. The company redeemed CNY 5,665,000 of the bonds at a total cost of CNY 5,757,469.55 including accrued interest, with the redemption payment date set for April 23, 2025, the same day the convertible bonds were delisted. A total of 594,335,000 "Torch Convertible Bonds" were converted into shares, with a total of 24,442,231 shares converted. The total share capital increased to 475,566,631 shares after the increase of 13,621,146 shares for conversion. The redemption has increased total share capital to 475,566,631 shares.