Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. ("the company") has announced that its convertible bonds ("Huahong Convertible Bonds") may meet the conditions for redemption due to the stock price exceeding 130% of the conversion price for a specified period [1][6]. Group 1: Convertible Bond Issuance and Listing - The company issued convertible bonds totaling 515 million yuan, with each bond having a face value of 100 yuan, and the total number of bonds issued is 5.15 million [2]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shenzhen Stock Exchange on January 10, 2023 [2]. Group 2: Conversion Price Adjustments - The conversion price of the Huahong Convertible Bonds was adjusted downwards from 15.45 yuan to 13.91 yuan effective from July 3, 2023 [3]. - A further adjustment was made to the conversion price, reducing it from 13.92 yuan to 11.14 yuan, effective from May 20, 2024 [4]. Group 3: Conditional Redemption Terms - The company has the right to redeem all or part of the unconverted bonds if the stock price remains above 130% of the conversion price for at least 15 out of any 30 consecutive trading days [5]. - The company will convene a board meeting to decide on the redemption if the conditions are met and will fulfill its information disclosure obligations [6].
华宏科技: 关于华宏转债可能满足赎回条件的提示性公告