温州宏丰: 关于提前赎回“宏丰转债”的第十二次提示性公告

Core Viewpoint - Wenzhou Hongfeng Electric Alloy Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for a specified period, leading to a decision to redeem the bonds at a price of 100.92 yuan per bond [1][2][6]. Group 1: Convertible Bond Redemption - The company will redeem the "Hongfeng Convertible Bonds" at a price of 100.92 yuan per bond, which includes accrued interest [1][7][8]. - The redemption is based on the condition that the stock price has been at least 6.96 yuan (130% of the conversion price of 5.35 yuan) for 15 trading days within a specified period [2][6]. - The redemption process will be completed by September 5, 2025, with the bonds being delisted from the Shenzhen Stock Exchange after the redemption [1][8]. Group 2: Convertible Bond Issuance and Terms - The "Hongfeng Convertible Bonds" were issued with a total fundraising amount of 321.26 million yuan, netting 315.06 million yuan after expenses [2][3]. - The initial conversion price was set at 6.92 yuan per share, which has been adjusted to 5.35 yuan per share due to various factors including profit distribution [3][5][6]. - The bonds were listed on the Shenzhen Stock Exchange on April 8, 2022, and the conversion period lasts from March 21, 2022, to March 14, 2028 [3][4]. Group 3: Financial Implications - The decision to redeem the bonds is aimed at reducing interest expenses and improving capital efficiency [2][6]. - The accrued interest for the bonds is calculated based on a 2.0% annual interest rate, leading to a total redemption price of 100.92 yuan per bond [7][8]. - The company emphasizes the importance of bondholders converting their bonds before the redemption deadline to avoid potential losses [1][2].