Longhua Technology(SZ:300263) Zheng Quan Zhi Xing·2025-08-21 16:48Core Viewpoint - The company, Longhua Technology Group, has announced the early redemption of its convertible bonds due to the stock price exceeding the specified threshold, which will lead to the bonds being delisted from the Shenzhen Stock Exchange [2][3]. Group 1: Convertible Bond Redemption - The redemption price for the "Longhua Convertible Bonds" is set at 100.22 CNY per bond, which includes the face value and accrued interest at an annual rate of 2.40% [2][7]. - The company’s board approved the early redemption of the bonds on August 8, 2025, after the stock price exceeded 130% of the conversion price for 15 trading days [2][5]. - The bonds will stop trading on August 27, 2025, and the redemption will take place on September 1, 2025 [7][8]. Group 2: Bond Issuance and Trading - The company issued 7,989,283 convertible bonds on July 30, 2021, with a total value of 799.9283 million CNY [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on August 23, 2021, under the code 123120 [3]. - The conversion period for the bonds started on February 7, 2022, and will end on July 29, 2027 [3]. Group 3: Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 6.15 CNY per share effective from September 13, 2024 [4][5]. - The conversion price was previously adjusted from 7.75 CNY to 6.15 CNY, reflecting market conditions [4][5]. Group 4: Redemption Conditions - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for a specified period or if the unconverted bond balance falls below 30 million CNY [5][6]. - The accrued interest for the redemption period is calculated based on the bond's face value and the applicable interest rate [6][7].