Jizhi convertible bonds begin trading February 20

Hangzhou Jizhi Mechatronic Co., Ltd. (SZSE:300553) announced that its "Jizhi Convertible Bonds" (123245) will enter the share conversion period on February 20, 2025, and last until August 13, 2030. The initial conversion price is set at RMB 23.54 per share. The bonds, issued on August 14, 2024, have a face value of RMB 100 each, with a total issuance of RMB 254.60 million. Bond interest rates range from 0.40% to 3.00% annually. Bondholders may convert or not convert, becoming company shareholders the day after conversion. The company will redeem all outstanding bonds at 115% of their face value five trading days after maturity.