HXG(SH:603112) Shang Hai Zheng Quan Bao·2025-05-08 20:16Core Viewpoint - The company has announced a second notice regarding the optional redemption of its convertible bonds, allowing bondholders to sell back part or all of their unconverted bonds at a specified price, with the redemption period set from May 12 to May 16, 2025 [1][2][3]. Redemption Terms - Bondholders can choose to redeem their convertible bonds at a price of 100.58 RMB per bond, which includes accrued interest [3][5]. - The accrued interest is calculated based on a coupon rate of 1.5% for 141 days, resulting in approximately 0.58 RMB per bond [5][4]. - The redemption funds will be disbursed on May 21, 2025 [11]. Redemption Process - The redemption period is from May 12 to May 16, 2025, during which bondholders must submit their redemption requests through the Shanghai Stock Exchange system [9][7]. - If a redemption request is not successful on the first day, bondholders can continue to submit requests on subsequent days within the redemption period [8]. Trading During Redemption - The convertible bonds will continue to be traded during the redemption period, but conversion into shares will be suspended [13]. - If the total face value of the bonds in circulation falls below 30 million RMB due to redemptions, trading will still continue until the end of the redemption period [13]. Shareholding Changes - The issuance of convertible bonds has led to an increase in the total number of shares, resulting in a dilution of shareholding percentages for major shareholders, with the controlling shareholder's stake decreasing from 59.07% to 58.58% [17][20]. - The changes in shareholding do not trigger a mandatory takeover bid and do not alter the control of the company [18][21].