Zheng Quan Zhi Xing·2025-08-26 13:13Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. plans to redeem its convertible bonds ahead of schedule, following the approval of its board of directors and in compliance with relevant regulations [1][7]. Group 1: Convertible Bond Issuance - The company issued convertible bonds totaling 515 million yuan, with a face value of 100 yuan per bond, and the funds were fully received by December 8, 2022 [1]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shenzhen Stock Exchange on January 10, 2023, under the name "Huahong Convertible Bonds" with the code "127077" [2]. Group 2: Conversion and Redemption Terms - The conversion period for the bonds started on June 8, 2023, and will last until the maturity date on December 1, 2028 [2]. - The conversion price was adjusted downwards from 15.45 yuan to 13.92 yuan per share as of June 1, 2023, following the company's annual equity distribution plan [3][4]. Group 3: Conditional Redemption Clauses - The bonds can be redeemed if the company's stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [4]. - The redemption price will include the face value plus accrued interest, calculated based on the bond's face value, interest rate, and the number of days from the last interest payment to the redemption date [5]. Group 4: Redemption Implementation - The redemption price per bond is approximately 100.79 yuan, which includes accrued interest of about 0.79 yuan [5]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by September 16, 2025 [6]. Group 5: Decision-Making Process - The board of directors approved the early redemption of the bonds during a meeting held on August 26, 2025, and authorized management to handle all related matters [7]. - The sponsor institution confirmed that the redemption process complies with legal regulations and the terms outlined in the offering document [7].