Core Viewpoint - Wenzhou Hongfeng Electric Alloy Co., Ltd. has decided to exercise the early redemption of its convertible bonds, "Hongfeng Convertible Bonds," due to the stock price meeting the necessary conditions for redemption, aiming to reduce interest expenses and improve capital efficiency [1][2]. Group 1 - The company's board meeting was held on July 31, 2025, with all nine directors present, and the meeting complied with legal regulations [1]. - The board approved the early redemption of "Hongfeng Convertible Bonds" based on the condition that the stock price had been at least 130% of the conversion price for 15 out of 30 consecutive trading days [1]. - The conversion price for the bonds is set at 5.35 CNY per share, meaning the stock price needed to reach at least 6.96 CNY per share to trigger the redemption [1]. Group 2 - The decision to redeem the bonds was made to reduce financial costs and improve the company's financial efficiency [1]. - The board authorized the management to handle all matters related to the redemption process [1]. - The resolution for the early redemption was passed unanimously with 9 votes in favor and no opposition [2].
温州宏丰: 第六届董事会第三次(临时)会议决议公告