ST Dongshi: "Dongshi Convertible Bonds" due on April 8 cannot be repaid by the company.

ST Dongshi announced that the "Dongshi Convertible Bonds" will expire on April 8, with the expiration date and redemption registration day being the same day. The current conversion price is 4.42 yuan per share. Trading will be suspended starting from April 3, and conversion will be suspended starting from April 9. The company's current monetary funds are unable to redeem the principal and interest of the "Dongshi Convertible Bonds", and its issuer and bond credit ratings are both CC with a negative outlook. The company is in the pre-restructuring stage, and if it enters the restructuring process, the creditors of the "Dongshi Convertible Bonds" will participate in the settlement, with the plan and timing to be determined. In addition, there is a possibility of the company's stock being subject to delisting risk warning.