Hanvo Safety(SZ:300952) Zheng Quan Zhi Xing·2025-07-31 16:05Core Viewpoint - Jiangsu Henghui Security Co., Ltd. is announcing the imminent cessation of the conversion of its convertible bonds, "Henghui Convertible Bonds," which will be forcibly redeemed at a price of 100.19 CNY per bond after the market closes on July 31, 2025, if not converted [1][2][3] Summary by Sections Important Content Reminder - As of the announcement date, there is only half a trading day left for the conversion of "Henghui Convertible Bonds" [1] - The bonds will be forcibly redeemed at 100.19 CNY per bond after July 31, 2025, if not converted, which may lead to investment losses for investors [1][2] Basic Information of Convertible Bonds - The company issued 5 million convertible bonds with a face value of 100 CNY each, raising a total of 500 million CNY, with a net amount of 492.6013 million CNY after expenses [2][3] - The initial conversion price was set at 18.26 CNY per share, later adjusted to 18.11 CNY due to a rights issue [4][5] Conditional Redemption Clause Trigger - The conditional redemption clause was triggered as the company's stock price met the criteria of being above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5][6] Redemption Implementation Arrangements - The redemption price is calculated to be 100.19 CNY per bond, which includes accrued interest [6][7] - The redemption will take place on August 1, 2025, with the last trading day for the bonds being July 29, 2025 [7][8] Shareholder Transactions Prior to Redemption - The actual controllers and major shareholders have engaged in transactions involving "Henghui Convertible Bonds" within six months prior to the redemption conditions being met [7]