Longhua Technology(SZ:300263) Zheng Quan Zhi Xing·2025-08-22 16:24Core Viewpoint - The company announced the early redemption of its convertible bonds "Longhua Convertible Bonds" due to the stock price exceeding the redemption threshold, which may lead to significant investment losses for bondholders if they do not convert their bonds before the deadline [2][5]. Group 1: Redemption Announcement - The "Longhua Convertible Bonds" will stop trading after the market closes on August 26, 2025, and will stop conversion after the market closes on August 29, 2025 [1][8]. - The redemption price for the bonds is set at 100.22 CNY per bond, which includes the face value and accrued interest at an annual rate of 2.40% [1][7]. - The company’s board of directors approved the early redemption due to the stock price being above 130% of the conversion price for 15 consecutive trading days [2][5]. Group 2: Bond Issuance and Trading - The company issued 7,989,283 convertible bonds on July 30, 2021, with a total issuance amount of 799.9283 million CNY [2][3]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting August 23, 2021 [3]. Group 3: Conversion and Redemption Conditions - The conversion period for the bonds started on February 7, 2022, and will end on July 29, 2027 [3][4]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 6.15 CNY per share [4][5]. - The company has the right to redeem the bonds if the stock price remains above the specified threshold for a certain period or if the remaining unconverted bonds fall below 30 million CNY [5][6]. Group 4: Redemption Process - The redemption process includes daily announcements leading up to the redemption date, with the final redemption occurring on September 1, 2025 [8][9]. - The funds from the redemption will be credited to bondholders' accounts by September 8, 2025 [8].