CHINA HARZONE(SZ:300527) Zheng Quan Zhi Xing·2025-08-14 08:19Core 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 term of 6 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 [5]. 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 funds transferred to bondholders' accounts by September 4, 2025 [7][8]. - After the redemption, the "Emergency Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [6][8]. Group 4: Investor Advisory - Bondholders are advised to convert their bonds before the redemption date to avoid potential losses, especially if their bonds are pledged or frozen [1][2]. - The company emphasizes the importance of consulting with their brokerage before proceeding with conversion applications [8].