SD HEAD(SZ:002810) Zheng Quan Zhi Xing·2025-08-01 16:10Summary of Key Points Core Viewpoint - The company announced the implementation of a repurchase option for its convertible bonds, "Heda Convertible Bonds," due to significant changes in the use of raised funds, allowing bondholders to sell their bonds back to the company at a specified price [1][2]. Group 1: Repurchase Overview - The repurchase option is activated if there are major changes in the implementation of the investment projects funded by the convertible bonds compared to the commitments made in the prospectus [1]. - Bondholders can sell their bonds back at a price of 100.088 yuan per bond, which includes accrued interest and tax [2][3]. - The repurchase period is set from August 4, 2025, to August 8, 2025, during which bondholders can submit their repurchase requests [4]. Group 2: Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t ÷ 365, where the interest rate (i) is 1.00% for the current period [2]. - The calculated accrued interest amounts to 0.088 yuan per bond, contributing to the total repurchase price [2]. Group 3: Repurchase Procedures - The company is required to publish at least three announcements regarding the repurchase, including one within five trading days after the shareholders' meeting [4]. - The repurchase will be processed through the Shenzhen Stock Exchange's trading system, and bondholders must confirm their repurchase requests as they cannot be revoked once submitted [4]. Group 4: Trading and Conversion During Repurchase Period - The "Heda Convertible Bonds" will continue to be traded during the repurchase period, but the conversion option will be suspended [4]. - In case of simultaneous requests for trading, repurchase, or transfer, the requests will be processed in a specific order: trading or transfer first, followed by repurchase [4].