Securities Code: 002850
Securities Abbreviation: Kedali
Announcement Number: 2026-043
Bond Code: 127066
Bond Abbreviation: Keli Convertible Bonds
Shenzhen Kedali Industrial Co., Ltd. announces the tenth reminder regarding the early redemption of "Keli Convertible Bonds." The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder
- Redemption Date of Convertible Bonds: June 15, 2026
- Redemption Price of Convertible Bonds: 101.405 CNY per bond (including accrued interest, with an annual interest rate of 1.5%, and the interest is tax-inclusive). The after-tax redemption price will be subject to the approval of China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "China Clearing Shenzhen Branch").
- Date of Funds Arrival for Redemption: June 23, 2026
- Last Trading Day of Convertible Bonds: June 10, 2026
- Last Day for Conversion of Convertible Bonds: June 15, 2026
- Date for Meeting Redemption Conditions: May 18, 2026
- Registration Date for Redemption of Convertible Bonds: June 12, 2026
- Date of Funds Arrival for Issuer (to reach the account of China Clearing Shenzhen Branch): June 18, 2026
- Redemption Type: Full Redemption
- Last Trading Day Abbreviation for Convertible Bonds: Z Li Convertible Bonds
- According to the arrangement, "Keli Convertible Bonds" that have not been converted by the close of trading on June 12, 2026, will be forcibly redeemed at the price of 101.405 CNY per bond (including interest and tax). After this redemption is completed, "Keli Convertible Bonds" will be delisted from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Holders of "Keli Convertible Bonds" are reminded to convert their bonds within the specified period. If there are any pledged or frozen "Keli Convertible Bonds," it is recommended to lift the pledge or freeze before the last day for conversion to avoid forced redemption due to inability to convert.
- Risk Warning: Due to the significant difference between the current secondary market price of "Keli Convertible Bonds" and the redemption price, holders are reminded to convert their bonds within the specified period. If investors fail to convert in time, they may face losses; investors are advised to pay attention to the risks.
From April 16, 2026, to May 18, 2026, the stock of Shenzhen Kedali Industrial Co., Ltd. (hereinafter referred to as "the Company") has met the condition of having at least fifteen trading days with closing prices not lower than 130% of the current conversion price of "Keli Convertible Bonds" (i.e., 193.31 CNY per share) within thirty consecutive trading days. According to the relevant provisions of the conditional redemption clause in the "Prospectus for Public Issuance of Convertible Corporate Bonds by Shenzhen Kedali Industrial Co., Ltd." (hereinafter referred to as "the Prospectus"), the conditional redemption clause for "Keli Convertible Bonds" has been satisfied. The Company held the 30th (temporary) meeting of the 5th Board of Directors on May 18, 2026, and approved the proposal for the early redemption of "Keli Convertible Bonds." Considering the current market and the Company's situation, to reduce financial costs and subsequent interest expenses, and to improve capital utilization efficiency, the Board of Directors decided to exercise the early redemption rights of "Keli Convertible Bonds" and authorized the management and relevant departments of the Company to handle all related matters for the redemption of "Keli Convertible Bonds."
I. Issuance and Listing of Convertible Bonds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the public issuance of convertible corporate bonds by Shenzhen Kedali Industrial Co., Ltd. (Approval No. [2022] 1143), the Company publicly issued 15,343,705 convertible corporate bonds (hereinafter referred to as "this issuance of convertible bonds") on July 8, 2022, with a face value of 100 CNY per bond and a term of 6 years. With the consent of the SZSE (Document No. [2022] 715), the convertible corporate bonds began trading on the SZSE on August 3, 2022, under the abbreviation "Keli Convertible Bonds" and bond code "127066."