Huahong Technology(SZ:002645) Shang Hai Zheng Quan Bao·2025-08-28 10:05Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Huahong Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [4][10]. Group 1: Redemption Details - The redemption price for "Huahong Convertible Bonds" is set at 100.79 yuan per bond, including accrued interest at an annual rate of 1% [2][14]. - The conditions for redemption were met on August 26, 2025, with the bonds ceasing to trade on September 12, 2025, and the redemption date set for September 17, 2025 [3][21]. - Investors must ensure that any pledged or frozen bonds are released before the stop of conversion on September 17, 2025, to avoid forced redemption [11][12]. Group 2: Bond Issuance and Trading - The company issued a total of 515 million yuan in convertible bonds, with a face value of 100 yuan each, and the net proceeds from the issuance amounted to approximately 504 million yuan after deducting issuance costs [4][5]. - The bonds were listed on the Shenzhen Stock Exchange on January 10, 2023, under the name "Huahong Convertible Bonds" [6]. Group 3: Conversion and Price Adjustments - The initial conversion price was set at 15.65 yuan per share, which was subsequently adjusted to 15.45 yuan and later to 13.91 yuan due to corporate actions [8][9]. - The conversion price was further adjusted to 13.92 yuan and then to 11.14 yuan, effective from May 20, 2024 [9]. Group 4: Redemption Conditions - The redemption was triggered as the company's stock price closed above 14.482 yuan (130% of the conversion price) for 15 trading days within a 30-day period [10][12]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million yuan [11].