CHINA HARZONE(SZ:300527) Zheng Quan Zhi Xing·2025-08-15 08:18Core 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 on April 10, 2020, with a total value of 818.93 million 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 initial conversion price was set at 8.86 yuan per share, which remains unchanged after a minor cash dividend distribution [3][5]. Group 2: Redemption Conditions - 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 [2][6]. - The redemption price for the bonds is set at 100.77 yuan per bond, which includes accrued interest calculated based on a 2.00% annual interest rate [6][7]. 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: Shareholder Transactions - The company's major shareholders and executives have not traded the "Emergency Convertible Bonds" in the six months leading up to the redemption conditions being met [8][9].