SLAC Precision to redeem convertible bonds, halt trading

Suzhou SLAC Precision Equipment (SZSE:300382) announced it will redeem all outstanding "Sly Convertible Bonds" at a price of 101.267 yuan per bond. Trading of the bonds will cease on March 18, 2025, and conversion rights will be suspended on March 21, 2025. The redemption is triggered by the company's stock price meeting or exceeding 130% of the conversion price for at least 15 trading days. Bondholders are urged to convert their bonds into shares before the deadline to avoid redemption at the stated price. The redemption record date is March 20, 2025, with redemption funds expected to reach bondholders' accounts by March 28, 2025. Once complete, the "Sly Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.