Digital China to redeem "Shenma convertible bonds"

Digital China Group announced it will redeem all outstanding "Shenma Convertible Bonds" at a price of 100.13 yuan per bond. The redemption was triggered because the company's stock price closed above 130% of the conversion price for at least 15 out of 30 consecutive trading days. Trading of the bonds will cease on March 25, 2025, and conversion rights will end on March 28, 2025. Bondholders have until the close of trading on March 27, 2025, to convert their bonds into shares. The company advises holders to unfreeze or release any pledged bonds before the conversion deadline. Once the redemption is complete, the "Shenma Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.