XINHUA CHEMICAL(SH:603867) Zheng Quan Zhi Xing·2025-08-13 11:11Core Viewpoint - The company has decided not to exercise the early redemption rights of its convertible bonds, "Xinhua Convertible Bonds," based on stock price performance and market conditions, aiming to protect the interests of all investors [1][5][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued 6.5 million convertible bonds on November 28, 2022, with a face value of 100 yuan each, totaling 650 million yuan [1][2]. Convertible Bond Conversion Price Adjustment - The initial conversion price was set at 32.41 yuan per share, which has been adjusted multiple times due to corporate actions, with the latest price being 19.81 yuan per share [2][3]. Redemption Terms and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for 15 trading days. The current trigger price is 25.753 yuan per share [5][6]. Company's Decision on Early Redemption - The board of directors decided not to redeem the bonds early during the period from August 14 to November 13, 2025, even if the redemption conditions are met again [1][4][6]. Related Parties' Trading Activity - Major shareholders and executives have not sold any convertible bonds in the six months leading up to the redemption conditions being met, with specific trading activities detailed for certain individuals [6][7]. Sponsor Institution's Review Opinion - The decision not to redeem the bonds has been approved by the board and complies with relevant regulations and the offering prospectus [7][8].