Core Viewpoint - The company, Ningbo Bohui Chemical Technology Co., Ltd., has announced the early redemption of its convertible bonds, "Bohui Convertible Bonds," due to the triggering of conditional redemption clauses based on stock price performance [1][3][7]. Group 1: Redemption Announcement - The "Bohui Convertible Bonds" will stop trading after the market closes on August 14, 2025, and will be forcibly redeemed at a price of 100.02 CNY per bond if not converted by August 19, 2025 [1][2]. - The company’s board of directors approved the early redemption of the bonds during a meeting on July 25, 2025, considering current market conditions [3][7]. - The bonds were issued on August 16, 2022, with a total issuance amount of 397 million CNY, and were listed on the Shenzhen Stock Exchange on September 2, 2022 [3][4]. Group 2: Conversion and Redemption Conditions - The conversion period for the bonds is from February 22, 2023, to August 15, 2028, with the conversion price adjusted from 15.05 CNY to 10.69 CNY per share as of May 19, 2023 [5][6]. - The conditional redemption clause was triggered as the company's stock price met the requirement of being at least 130% of the conversion price for 15 out of 30 trading days from June 30 to July 25, 2025 [2][7]. - The redemption price of 100.02 CNY per bond includes accrued interest calculated based on a 1.8% annual interest rate for the fourth year [8][10]. Group 3: Redemption Process - The redemption will be executed for all bondholders registered with China Securities Depository and Clearing Corporation Limited by the close of trading on August 19, 2025 [9][10]. - The redemption funds will be transferred to the bondholders' accounts on August 27, 2025, following the completion of the redemption process [10]. - The company will publish the results of the redemption and the delisting announcement for the bonds after the redemption is completed [10][11].
博汇股份: 关于提前赎回博汇转债暨即将停止交易的重要提示性公告