江山欧派门业股份有限公司发布“江山转债”可回售权公告，投资者需关注潜在影响
【2026年5月11日，浙江江山】——江山欧派门业股份有限公司（603208）于2026年5月11日发布了《“江山转债”可选择回售的第二次提示性公告》，为其发行的可转换公司债券（113625，简称“江山转债”）持有人提供了详细的回售安排和相关风险提示。本次公告内容对公司股价及持有人收益均具有重要影响，投资者需高度重视。
一、公告要点概览
- 回售价格：102.31元/张（含当期应计利息、含税）
- 回售期：2026年5月14日至2026年5月20日
- 回售资金发放日：2026年5月25日
- 回售期内“江山转债”停止转股
- 本次回售为可选择，非强制性
- 风险警示：截至公告披露日，转债收盘价高于本次回售价，回售可能造成经济损失
二、回售条款详解
本次回售权的触发条件为：公司股票在2026年3月20日至5月6日连续30个交易日内，收盘价格低于当期转股价格的70%，且“江山转债”进入最后两个计息年度。根据募集说明书，持有人有权将所持全部或部分“江山转债”按面值加应计利息的价格回售给公司。
回售条款具体说明如下：
- 最后两个计息年度内，若公司股票连续30交易日收盘价低于转股价70%，即可触发回售权。
- 转股价若因派息、送股、配股等调整，计算方式亦相应调整。
- 可转债持有人每年回售条件首次满足后仅可行使一次回售权，未在申报期内行权则该年度不能再行使。
- 应计利息计算：第五年票面利率2.5%，计息天数337天（2025年6月11日至2026年5月14日），每张利息约2.31元，合计回售价102.31元/张。
三、回售操作说明
- 回售申报期：2026年5月14日至5月20日，投资者可通过上交所交易系统方向为“卖出”进行申报，申报成功后不能撤销。
- 申报当日未成功可次日继续申报（限申报期内）。
- 公司按102.31元/张回购，资金发放日为2026年5月25日。
- 回售期间转债继续交易，但停止转股。
- 如回售后转债流通面值低于3000万元，回售期结束后公司将公告，并在公告后三个交易日停止转债交易。
四、风险提示及价格敏感信息
- 截至公告日期，“江山转债”收盘价高于回售价102.31元/张，若投资者选择回售，可能造成一定经济损失。
- 公告明确指出，投资者应谨慎决策，理性行权。
- 此次公告及回售安排，可能对公司债务结构及市场流通转债数量产生影响，或将影响公司未来股价波动。
五、投资者须知及联系方式
如有疑问，可联系公司董秘办，联系电话：0570-4729200。
六、潜在影响及投资建议
- 本次公告涉及“江山转债”回售权启动，反映公司股价持续低迷，可能影响市场对公司未来业绩及转股预期的判断。
- 若大规模回售发生，公司将面临一定的现金流压力，并可能影响转债市场的活跃度和公司后续资本运作。
- 投资者需密切关注回售期间转债价格波动，合理安排投资计划。
免责声明：本文为资讯整理，不构成任何投资建议。投资者须结合自身情况审慎决策，由此产生的投资风险与收益由投资者自行承担。
English Version
Jiangshan Oupai Issues Second Notice on Optional Redemption of “Jiangshan Convertible Bonds”—Key Information for Investors
[May 11, 2026, Jiangshan, Zhejiang] — Jiangshan Oupai Door Industry Co., Ltd. (603208) released the “Second Notice of Optional Redemption for ‘Jiangshan Convertible Bonds'” on May 11, 2026, providing detailed arrangements for bondholders to exercise their put option and significant risk disclosures. The content could affect the company’s share price and bondholders’ returns—investors must pay close attention.
1. Highlights of the Announcement
- Redemption Price: RMB 102.31 per bond (including accrued interest, before tax)
- Redemption Period: May 14, 2026, to May 20, 2026
- Payment Date: May 25, 2026
- Conversion Suspended: Conversion to equity is suspended during the redemption period
- Optional Redemption: Not mandatory—bondholders choose whether to redeem
- Risk Warning: As of the notice date, the convertible bond closes above the redemption price—redeeming may lead to a financial loss
2. Detailed Redemption Terms
The put option is triggered if, within the last two interest-bearing years, the company’s share price closes below 70% of the conversion price for 30 consecutive trading days (from March 20 to May 6, 2026). As per the prospectus, bondholders can sell all or part of their holdings back to the company at par plus accrued interest.
- Within the last two years, the redemption right is triggered by the share price condition above.
- If conversion price is adjusted (due to dividends, bonus shares, etc.), calculations adjust accordingly.
- Bondholders may only exercise the put once per year, when conditions are first met. Missed window means no further right that year.
- Accrued interest: Year 5 coupon 2.5%, 337 days (Jun 11, 2025 to May 14, 2026), about RMB 2.31 per bond, total redemption price RMB 102.31 per bond.
3. Redemption Application Process
- Period: May 14–20, 2026, via the Shanghai Stock Exchange trading system, ‘sell’ direction; once submitted, cannot be revoked.
- Unsuccessful applications can be resubmitted within the window.
- Payment date: May 25, 2026.
- Trading continues, but conversion to shares is suspended during the redemption period.
- If redemption leaves less than RMB 30 million of bonds outstanding, trading ceases three days after notice.
4. Risk and Price-Sensitive Information
- As of the announcement, the bond price is higher than the redemption price—redeeming may result in a loss.
- Investors should act prudently.
- This action could affect company debt, market liquidity of the bonds, and potentially share price volatility.
5. Contact Information
For inquiries, contact the Board Secretary: 0570-4729200.
6. Potential Impact and Investment Advice
- The redemption reflects a sustained weak share price and may influence market perception of company prospects and conversion value.
- Large-scale redemption could increase cash outflow and affect future capital operations.
- Investors should monitor bond price fluctuations and manage their positions accordingly.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should make decisions based on their own situation and bear all resulting risks and benefits.
