温州宏丰: 关于提前赎回“宏丰转债”的第十五次提示性公告

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 early to reduce interest expenses and improve capital efficiency [2][7]. Group 1: Convertible Bond Redemption - The company will redeem the "Hongfeng Convertible Bonds" at a price of 100.92 CNY per bond, which includes accrued interest [8]. - The redemption is based on the condition that the stock price has been above 6.96 CNY (130% of the conversion price of 5.35 CNY) for 15 trading days within a specified period [2][7]. - The redemption process will be completed by September 5, 2025, with funds transferred directly to bondholders' accounts [9]. Group 2: Convertible Bond Issuance and Terms - The company issued 3.2126 million convertible bonds on March 15, 2022, with a face value of 31,505.54 million CNY each [2]. - The initial conversion price was set at 6.92 CNY per share, which has been adjusted multiple times, currently standing at 5.35 CNY per share [3][6]. - The bonds were listed on the Shenzhen Stock Exchange on April 8, 2022, under the code "123141" [3]. Group 3: Interest and Dividend Adjustments - The bonds carry a coupon rate of 2.0%, and the accrued interest is calculated based on the formula provided, leading to the redemption price [8]. - The company has made several adjustments to the conversion price in response to dividend distributions, with the latest adjustment reducing the price to 5.35 CNY per share effective June 18, 2024 [6].