Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Longhua Convertible Bonds," due to the stock price exceeding the conversion price threshold, which may lead to significant investment losses for bondholders if they do not convert before the deadline [2][6]. Group 1: Convertible Bond Redemption Announcement - The company’s board approved the early redemption of "Longhua Convertible Bonds" on August 8, 2025, as the stock price exceeded 130% of the conversion price for 15 trading days [2][6]. - The redemption price is set at 100.22 CNY per bond, which includes accrued interest calculated at an annual rate of 2.40% [7][8]. - The bonds will stop trading on August 27, 2025, and the conversion will cease on September 1, 2025 [8]. Group 2: Bond Issuance and Trading Information - 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 [5]. - The conversion price was previously adjusted from 7.76 CNY to 7.75 CNY and then to 7.72 CNY before the latest adjustment [4][5]. Group 4: Redemption Procedures - The company will notify bondholders daily about the redemption process leading up to the redemption date [8]. - The redemption will be completed on September 1, 2025, with funds reaching bondholders' accounts by September 8, 2025 [8].
隆华科技: 关于隆华转债赎回实施暨即将停止转股的重要提示性公告