Zheng Quan Zhi Xing·2025-07-25 16:49Core Viewpoint - Ningbo Bohui Chemical Technology Co., Ltd. has decided to redeem its convertible bonds ahead of schedule, following the fulfillment of specific conditions outlined in the bond's prospectus [5][6][8]. Group 1: Convertible Bond Basic Information - The total issuance amount of the convertible bonds, known as "Bohui Convertible Bonds," is 397 million yuan, approved by the China Securities Regulatory Commission [3][4]. - The bonds were listed on the Shenzhen Stock Exchange on September 2, 2022, under the code "123156" [3][4]. - The conversion period for the bonds is from February 22, 2023, to August 15, 2028 [4]. Group 2: Redemption Conditions and Process - The bonds have a conditional redemption clause that allows the company to redeem them if the stock price meets certain criteria, specifically if the closing price is at least 130% of the conversion price for 15 out of 30 consecutive trading days [5][6]. - The company’s board approved the early redemption of the bonds on July 25, 2025, based on current market conditions [6][8]. - The redemption price is set at 100.02 yuan per bond, which includes accrued interest calculated based on the bond's face value and interest rate [7][8]. Group 3: Redemption Implementation - The redemption will be executed for all bondholders registered by the close of trading on August 19, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after the redemption [7][8]. - The funds from the redemption will be directly transferred to the bondholders' accounts through their custodial brokers [8]. Group 4: Compliance and Verification - The company has confirmed that all necessary decision-making procedures were followed for the early redemption, complying with relevant laws and regulations [8]. - The sponsor has no objections to the early redemption of the bonds, affirming that it meets the requirements set forth in the applicable regulations [8].