According to Milkway's announcement, the company's shares will trigger a “conditional redemption clause” of the “secret security bond conversion” from June 25 to July 15, 2026. The redemption registration date is August 11, the redemption price is 101.3562 yuan/sheet, the redemption payment date is August 12, the last trading day is August 6, and the last share transfer date is August 11. After the redemption is completed, “Secret Guard Bonds Transfer” will be delisted from the Shanghai Stock Exchange starting August 12. Remind holders to convert or sell shares within a limited period to avoid loss of investment.

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