恒锋工具: 关于不提前赎回锋工转债的公告

Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "Fenggong Convertible Bonds," despite meeting the conditions for redemption, in order to protect the interests of bondholders [2][6]. Group 1: Convertible Bond Issuance and Conditions - The company issued 6,200,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 620 million, with a net amount of RMB 608.78 million after deducting issuance costs [2][3]. - The initial conversion price of the bonds was RMB 24.95 per share, which has been adjusted to RMB 24.39 per share as of November 27, 2024 [3][5]. - The bonds are convertible from July 25, 2024, until January 18, 2030, allowing bondholders to choose whether to convert their bonds into shares [3]. Group 2: Redemption Conditions and Decisions - The redemption conditions state that the company can redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days, or if the remaining unconverted bonds are less than RMB 30 million [6]. - The stock price met the redemption condition from June 18 to July 16, 2025, triggering the redemption clause [6]. - The board of directors decided not to redeem the bonds early, considering the short conversion period and current market conditions, and will not exercise this right for the next three months [2][6]. Group 3: Shareholder Transactions and Future Plans - The controlling shareholder, Hengfeng Holdings, and other key personnel did not trade the bonds in the six months leading up to the redemption condition date [8]. - As of the announcement date, there are no plans from major shareholders or executives to reduce their holdings in the convertible bonds in the next six months [9]. Group 4: Compliance and Verification - The sponsor has confirmed that the decision not to redeem the bonds early has been approved by the board and complies with relevant regulations and the terms outlined in the offering document [9].