CHINA HARZONE(SZ:300527) Zheng Quan Zhi Xing·2025-08-21 08:19Core Viewpoint - The company announces the forced redemption of its convertible bonds "Emergency Convertible Bonds" at a price of 100.77 yuan per bond, with the last trading day being August 22, 2025, and the last conversion day being August 27, 2025 [1][2][3] Group 1: Redemption Details - The "Emergency Convertible Bonds" will stop trading after the market closes on August 22, 2025, and will be forcibly redeemed at 100.77 yuan per bond after August 27, 2025, if not converted [1][2] - The redemption price of 100.77 yuan per bond is significantly different from the current market price, prompting bondholders to convert their bonds before the deadline to avoid potential losses [1][2] - The company has triggered the conditional redemption clause as the stock price has met the criteria of being at least 130% of the conversion price for 15 out of the last 30 trading days [3][6] Group 2: Bond Issuance and Terms - The company issued 8,189,312 convertible bonds on April 10, 2020, with a total amount of 818.93 million yuan and a maturity of 6 years [3][4] - The conversion period for the bonds started on October 16, 2020, and will end on April 9, 2026 [4] - The conversion price was adjusted to 7.06 yuan per share, effective from May 16, 2024, based on the average trading price of the company's stock [6][5] Group 3: Redemption Process - The redemption will be executed for all bondholders registered with China Securities Depository and Clearing Corporation Limited as of the close of trading on August 27, 2025 [9] - The redemption amount will be credited to the bondholders' accounts on September 4, 2025 [9] - Bondholders are advised to consult their brokerage firms for the conversion process and to ensure that any pledged or frozen bonds are released before the conversion deadline [2][10]