The put option period for 'Flait Convertible Bond' (code 113059) will close on July 15, 2026, leaving holders with only two more trading days to submit their exercise instructions. Flat Glass Group Co., Ltd. has issued the eighth reminder notice on the matter.
The put option is not mandatory. Under the bond terms, the put price is 100.25 yuan per bond, including accrued interest. The company explicitly cautions that as of the last trading day before the announcement, the bond's closing price was above the put price, meaning investors who exercise the option may incur losses.
The put was triggered by share price performance. From May 20 to July 1, 2026, Flat Glass's A-share closing price traded below 70% of the current conversion price for 30 consecutive trading days, and the bond had entered its final two interest years, activating the conditional put provision.
Bondholders wishing to exercise the put must submit sell orders through the Shanghai Stock Exchange trading system during the exercise period; once confirmed, orders cannot be revoked. During the put period, the bond continues to trade, but conversion into shares is suspended. If both a sale order and a put order are placed on the same day, the system prioritizes the sale.
The put payment date is July 20, 2026, to be processed through the Shanghai branch of China Securities Depository and Clearing Corporation Limited. After the period ends, Flat Glass will announce the results and impact of the put.
In calculating the put price, accrued interest covers 51 days from May 20 to July 9, 2026, using the fifth year coupon rate of 1.8%, resulting in 0.25 yuan per bond. If holders do not exercise during this period, they forfeit the right to put under this year's conditions.