WENZHOU HONGFENG(SZ:300283) Zheng Quan Zhi Xing·2025-07-31 16:37Core Viewpoint - Wenzhou Hongfeng Electric Alloy Co., Ltd. has obtained legal opinions confirming that it meets the conditions for the early redemption of its convertible bonds, and the necessary approvals have been secured for this redemption process [1][13]. Group 1: Legal Framework and Approval Process - The legal opinion is based on various laws and regulations, including the Securities Law, Company Law, and relevant guidelines from the Shenzhen Stock Exchange [1][2]. - The company has followed the required internal approval procedures for the issuance and redemption of convertible bonds, including multiple resolutions passed by the board and shareholders [4][5]. - The company has received approval from regulatory bodies, including the China Securities Regulatory Commission and the Shenzhen Stock Exchange, for the issuance of the convertible bonds [6]. Group 2: Redemption Conditions - The company has satisfied the redemption conditions as stipulated in the Management Measures and Regulatory Guidelines, allowing for the redemption of unconverted bonds under specific circumstances [6][13]. - The convertible bonds have a conditional redemption clause that allows the company to redeem them if the stock price meets certain criteria, such as being at least 130% of the conversion price for a specified number of trading days [7][12]. - The initial conversion price of the bonds was set at 6.92 yuan per share, which has been adjusted multiple times due to profit distribution and other factors [9][10][11]. Group 3: Conclusion and Next Steps - The legal opinion concludes that the company has met all necessary conditions for the redemption of the convertible bonds and has obtained the required approvals from its decision-making bodies [13]. - The company is required to fulfill its information disclosure obligations as per the relevant regulatory guidelines following the redemption [13].