ST Dongshi: "Dongshi Convertible Bonds" due on April 8 unable to pay principal and interest.

ST Dongshi announced that the "Dongshi Convertible Bonds" will mature on April 8, 2026, with the maturity and redemption registration date set on that day. The company's current cash funds are insufficient to redeem the principal and interest. Trading of the "Dongshi Convertible Bonds" will be suspended from April 3, conversion will be suspended from April 9, and April 8 will be the last conversion date with the current conversion price set at 4.42 yuan per share. The company is in a pre-restructuring stage, and if it enters a restructuring process, the debts held by registered holders as of April 8 will be included in the restructuring debts for possible repayment, with uncertain repayment terms and timeline. Additionally, there is a risk of the company's stock facing delisting warning.