HFCC(SZ:002806) Zheng Quan Zhi Xing·2025-06-30 16:12Core Viewpoint - The company has decided to exercise its right for early redemption of the "HuaFeng Convertible Bonds" due to the stock price meeting the necessary conditions for redemption [2][5]. Group 1: Convertible Bond Overview - The company issued 3,524,000 convertible bonds on December 4, 2019, with a total value of 352.40 million yuan, at a face value of 100 yuan each [2]. - The bonds were listed on the Shenzhen Stock Exchange on January 6, 2020, under the name "HuaFeng Convertible Bonds" and code "128082.SZ" [2]. - The initial conversion price was set at 13.17 yuan per share, which has been adjusted multiple times due to corporate actions [3][4]. Group 2: Redemption Conditions - The redemption was triggered as the stock price was above 130% of the current conversion price (8.70 yuan) for fifteen consecutive trading days [5]. - The board of directors approved the early redemption on June 27, 2025, and authorized management to handle all related matters [5][6]. Group 3: Redemption Price and Process - The redemption price is set at 101.764 yuan per bond, which includes accrued interest [6]. - The accrued interest is calculated based on the formula: IA = B × i × t ÷ 365, where IA is the accrued interest, B is the total face value of the bonds, i is the annual coupon rate, and t is the number of days [6]. - The redemption will be executed for all bonds not converted by the redemption registration date of July 21, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after redemption [7][8]. Group 4: Additional Information - The company confirmed that there were no transactions of the convertible bonds by major shareholders or executives in the six months prior to the redemption conditions being met [8]. - Holders wishing to convert their bonds must do so through their custodial securities company, with a minimum conversion unit of one bond [9].