ST Dongshi: "Dongshi convertible bonds" are about to mature, and the company is unable to repay the principal and interest.

ST Dongshi announced that the "Dongshi Convertible Bonds" will mature on April 8, 2026, with April 2 as the last trading day and trading will cease from April 3. Conversion of the bonds can be done from April 3 to 8 at a conversion price of 4.42 yuan per share, and the bonds will be redeemed at 108 yuan per bond at maturity. The company's current cash reserves are insufficient to redeem the principal and interest of the "Dongshi Convertible Bonds". The credit ratings of the company and the bonds are both CC with a negative outlook. The company is in the pre-restructuring phase, and it is uncertain whether it will enter the restructuring process. If it does, bondholders of the "Dongshi Convertible Bonds" will participate in the settlement. In addition, if the court accepts the restructuring application, the company's stock will be subject to delisting risk warning.