Huahong Technology(SZ:002645) Zheng Quan Zhi Xing·2025-08-26 13:13Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. is proceeding with the early redemption of its convertible bonds, having met the necessary conditions as outlined in relevant regulations and its offering documents [4][11]. Group 1: Issuance and Approval of Convertible Bonds - The company received approval from the China Securities Regulatory Commission (CSRC) to publicly issue convertible bonds totaling 515 million yuan, with a maturity period from December 2, 2022, to December 1, 2028 [5][6]. - The convertible bonds were issued at a face value of 100 yuan each, totaling 5,150,000 bonds, and were listed on the Shenzhen Stock Exchange on January 10, 2023 [6][7]. Group 2: Redemption Conditions - The redemption conditions specified in the offering document allow the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days, or if the remaining balance of unconverted bonds falls below 30 million yuan [7][10]. - The initial conversion price was set at 15.65 yuan per share, which was subsequently adjusted to 15.45 yuan and then to 13.91 yuan due to market conditions [8][9]. Group 3: Board Decision and Compliance - The company's board of directors has decided to exercise the early redemption option based on the fulfillment of the redemption conditions and has authorized management to handle the related matters [11][12]. - The company has complied with the necessary internal approval processes and disclosure obligations as required by the applicable regulations [11].