HNDI(SZ:300732) Zheng Quan Zhi Xing·2025-08-21 11:18Core Viewpoint - The company, Henan Zhonggong Design Research Institute Group Co., Ltd., is proceeding with the early redemption of its convertible bonds, "Sheyan Convertible Bonds," following the fulfillment of specific conditions outlined in its prospectus [1][10][11]. Group 1: Convertible Bond Issuance and Listing - The "Sheyan Convertible Bonds" were issued with a total amount of 376 million RMB, approved by the China Securities Regulatory Commission [1]. - The bonds were listed on the Shenzhen Stock Exchange on December 2, 2021, under the code "123130" [1]. Group 2: Conversion Terms and Price Adjustments - The conversion period for the bonds is from May 17, 2022, to November 10, 2027, with an initial conversion price of 11.24 RMB per share [2]. - The conversion price has been adjusted multiple times, with the latest adjustment bringing it down to 8.05 RMB per share [2][8]. Group 3: Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for a specified period or if the remaining balance of unconverted bonds is less than 30 million RMB [10]. - The stock price conditions for redemption were met between July 30, 2025, and August 21, 2025, triggering the redemption clause [10][11]. Group 4: Redemption Implementation - The redemption price is set at 101.25 RMB per bond, which includes the principal and accrued interest [11]. - The redemption process includes a series of announcements and a final redemption date of September 12, 2025, after which the bonds will be delisted [12][13]. Group 5: Compliance and Approval - The early redemption has been approved by the company's board and complies with relevant regulations and the terms outlined in the prospectus [16].