Core Viewpoint - The article highlights the transformation of Hailiang Co., Ltd. from a "copper processing leader" to a "global leader in green intelligent manufacturing" during the "14th Five-Year Plan" period, emphasizing its strategic shift towards high-end materials and digital transformation [1][14]. Group 1: Transformation and Innovation - Hailiang summarizes its five-year journey with "new technology, new digital, new fields," focusing on advancements such as the fifth-generation continuous casting and rolling production line, digital transformation, and entry into the new energy sector [2][3]. - The company has developed ultra-thin copper foil, achieving a thickness of 3.5-6 microns, which enhances battery energy density by 3%-5% for every 1-micron reduction [3][6]. Group 2: Digital Transformation - In 2021, Hailiang initiated a comprehensive digital transformation, establishing the "Hailiang Brain" and a digital cockpit, and collaborating with Huawei to create the first joint innovation laboratory in the non-ferrous metal industry [6][11]. - The introduction of AI for quality inspection and process optimization has significantly improved production efficiency and product yield [6]. Group 3: Global Strategy and Market Position - Hailiang's competitive edge lies in its strong R&D capabilities and strategic capacity layout, addressing market demands through innovation and collaboration with academic institutions [7][8]. - The company employs a "global capacity + regional deep cultivation" strategy to mitigate risks from international trade barriers and supply chain fluctuations, with production bases in the U.S., Morocco, Southeast Asia, and Europe [8][11]. Group 4: Shareholder Returns and Future Outlook - Since its listing in 2008, Hailiang has distributed cash dividends 19 times, totaling 2.472 billion yuan, with a cumulative payout ratio of 108.71% over the past three years [11][13]. - The company plans to enhance its international presence and invest in technological innovation, focusing on high-end alloys for new energy vehicles and 5G communications [14].

Core Points - Hailiang Co., Ltd. announced that the "Hailiang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 26, 2025 [2] - Following the redemption, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds before the deadline, especially if their bonds are pledged or frozen, to avoid being forced to redeem them [2]

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-084 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 浙江海亮股份有限公司 关于提前赎回"海亮转债"的第十三次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1. "海亮转债" 赎回价格：101.710 元/张（含当期应计利息，当期年利 率为 2.00%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责 任公司深圳分公司（以下简称"中登公司"）核准的价格为准。 2. 赎回条件满足日：2025 年 8 月 25 日 3. "海亮转债"停止交易日：2025 年 9 月 24 日 4. "海亮转债"赎回登记日：2025 年 9 月 26 日 5. "海亮转债"停止转股日：2025 年 9 月 29 日 6. "海亮转债"赎回日：2025 年 9 月 29 日 7. 发行人（公司）资金到账日：2025 年 10 月 10 日 8. 投资者赎回款到账日：2025 年 10 月 14 日 9. 赎回类别：全 ...

Core Points - Zhejiang Hailiang Co., Ltd. announced the thirteenth notice for the early redemption of "Hailiang Convertible Bonds" [1] - The redemption conditions will be met on August 25, 2025, with a redemption price of 101.710 yuan per bond, including accrued interest [1] - Trading of "Hailiang Convertible Bonds" will cease on September 24, with the redemption registration date set for September 26 [1] - The bonds will stop conversion on September 29, and funds will be credited to the company on October 10, with investors receiving redemption payments by October 14 [1] - This redemption will be total, and after completion, "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1] - The company advises bondholders to convert their bonds within the specified period, as failure to do so may result in losses [1] - There have been no transactions involving "Hailiang Convertible Bonds" by relevant personnel in the six months prior to the fulfillment of the redemption conditions [1]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has decided to exercise its early redemption rights for the "Hailiang Convertible Bonds" due to market conditions and company circumstances, with the redemption price set at 101.710 yuan per bond, including accrued interest [4][10][13]. Group 1: Bond Redemption Details - The redemption price for "Hailiang Convertible Bonds" is 101.710 yuan per bond, which includes accrued interest calculated at a 2.00% annual interest rate [2][14]. - The redemption conditions are met as the company's stock price has been above 130% of the current conversion price for 15 trading days [10][11]. - The redemption date is set for September 29, 2025, with the last trading day being September 24, 2025 [3][19]. Group 2: Bond Issuance and Trading Information - The "Hailiang Convertible Bonds" were issued on November 21, 2019, with a total issuance of 315 million bonds, amounting to 3.15 billion yuan [4]. - The bonds were listed on the Shenzhen Stock Exchange on December 16, 2019, under the code "128081" [4]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distributions, with the latest adjustment bringing it to 9.20 yuan per share as of July 4, 2025 [6][9][10]. Group 4: Redemption Process and Timeline - The redemption registration date is September 26, 2025, and the funds will be credited to bondholders' accounts by October 14, 2025 [19][20]. - The company will issue daily announcements regarding the redemption process leading up to the redemption date [17].

Group 1 - The core point of the announcement is that Hailiang Co., Ltd. will forcibly redeem the "Hailiang Convertible Bonds" that have not been converted by the close of trading on September 26, 2025 [2] - After the redemption is completed, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds before the deadline, especially if their bonds are pledged or frozen, to avoid being forced to redeem them [2]

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 浙江海亮股份有限公司 关于提前赎回"海亮转债"的第十二次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1. "海亮转债" 赎回价格：101.710 元/张（含当期应计利息，当期年利 率为 2.00%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责 任公司深圳分公司（以下简称"中登公司"）核准的价格为准。 2. 赎回条件满足日：2025 年 8 月 25 日 3. "海亮转债"停止交易日：2025 年 9 月 24 日 4. "海亮转债"赎回登记日：2025 年 9 月 26 日 5. "海亮转债"停止转股日：2025 年 9 月 29 日 6. "海亮转债"赎回日：2025 年 9 月 29 日 7. 发行人（公司）资金到账日：2025 年 10 月 10 日 经中国证券监督管理委员会"证监许可[2019]1943 号"文核准，公司于 2 ...

Core Points - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," with a redemption price of 101.710 CNY per bond, including accrued interest at an annual rate of 2.00% [1][2][13] - The redemption conditions will be met on August 25, 2025, with the bonds ceasing to trade on September 24, 2025, and the redemption date set for September 29, 2025 [1][2][17] - The company has triggered the conditional redemption clause due to the stock price being above 130% of the conversion price for 15 trading days [8][9][10] Convertible Bond Details - The company issued 31.50 billion CNY worth of convertible bonds on November 21, 2019, with a maturity of six years [3][4] - The initial conversion price was set at 9.83 CNY per share, which has been adjusted multiple times due to annual profit distribution [5][6][7][8] - The current conversion price is 9.20 CNY per share as of July 4, 2025 [8] Redemption Implementation - The redemption price is calculated based on the bond's face value plus accrued interest, with the accrued interest for each bond being approximately 1.710 CNY [13][14] - The redemption process includes a series of announcements leading up to the redemption date, with the final trading day for the bonds being September 24, 2025 [17][18] - The funds from the redemption will be credited to bondholders' accounts by October 14, 2025 [18] Other Considerations - Bondholders are advised to convert their bonds before the conversion ceases on September 29, 2025, to avoid forced redemption [1][21] - The company has confirmed that there have been no transactions in the bonds by major shareholders or executives in the six months leading up to the redemption conditions being met [19]

Group 1 - The core point of the announcement is that Hailiang Co., Ltd. will forcibly redeem the "Hailiang Convertible Bonds" that have not been converted by the close of trading on September 26, 2025 [2] - After the redemption is completed, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds before the deadline, especially if their bonds are pledged or frozen, to avoid being forced to redeem them [2]

Core Points - Zhejiang Hailiang Co., Ltd. announced the eleventh notice for the early redemption of "Hailiang Convertible Bonds" [1] - The redemption clause was triggered as the company's stock price closed at no less than 130% of the conversion price for fifteen trading days from August 4 to August 25, 2025 [1] - The board of directors decided to exercise the early redemption right on August 25, with a redemption price of 101.710 CNY per bond (including accrued interest) [1] - The redemption registration date is set for September 26, and the redemption date is September 29 [1] - Unconverted "Hailiang Convertible Bonds" will be forcibly redeemed after the market closes on the redemption date, and the bonds will be delisted from the Shenzhen Stock Exchange after redemption [1] - Bondholders are reminded to convert their bonds within the specified period to avoid potential losses, and those with pledged or frozen bonds are advised to lift the pledge or freeze in advance [1]