CHINA HARZONE(SZ:300527) Zheng Quan Zhi Xing·2025-08-08 16:11Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Emergency Convertible Bonds," due to the triggering of conditional redemption clauses based on stock price performance [2][6]. Group 1: Convertible Bond Details - The company issued 8,189,312 convertible bonds with a total value of 818.93 million yuan, each with a face value of 100 yuan, and a maturity of six years [2][3]. - The conversion period for the bonds started on October 16, 2020, and will end on April 9, 2026 [3]. - The conversion price was adjusted to 7.06 yuan per share, effective from May 16, 2024, following a downward revision based on stock performance [5][4]. Group 2: Redemption Conditions - The conditional redemption clause was triggered as the stock price met the requirement of being at least 130% of the conversion price for 15 out of 30 trading days [2][6]. - The redemption price is set at 100.77 yuan per bond, which includes accrued interest calculated based on a 2.00% annual interest rate [7][6]. Group 3: Redemption Process - The redemption will be executed on August 28, 2025, with the redemption funds credited to bondholders' accounts by September 4, 2025 [7][8]. - After the redemption is completed, the "Emergency Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [6][8]. Group 4: Shareholder Information - The company confirmed that there were no transactions of the "Emergency Convertible Bonds" by major shareholders and executives in the six months leading up to the redemption conditions being met [8].