Digital China to redeem "Shenma convertible bonds"

Digital China Group Co., Ltd. (SZSE:000034) announced it will exercise its right to early redeem all outstanding "Shenma Convertible Bonds" (127100) after its stock price triggered the conditional redemption clause. The redemption price is set at 100.13 yuan per bond, inclusive of current interest. Trading of the bonds will cease on March 25, 2025, and conversion to stock will halt on March 28, 2025, with the redemption date also on March 28, 2025. Bondholders who have not converted by March 27, 2025, will have their bonds compulsorily redeemed. "Shenma Convertible Bonds" will be delisted from the Shenzhen Stock Exchange following the redemption. The company advises holders to convert their bonds before the deadline to avoid potential losses, given the difference between the market and redemption prices.