Huahong Technology(SZ:002645) Zheng Quan Zhi Xing·2025-09-01 16:18Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. has announced the early redemption of its convertible bonds "Huahong Convertible Bonds" due to the stock price meeting the necessary conditions for redemption [1][2][5]. Group 1: Convertible Bond Issuance and Redemption - 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 [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on January 10, 2023, under the code "127077" [2]. - The early redemption was approved by the board on August 26, 2025, based on the current market conditions and the company's situation [2][5]. Group 2: Conversion and Redemption Conditions - The conversion period for the bonds started on June 8, 2023, and will end on December 1, 2028 [3]. - The conversion price was adjusted from 15.45 yuan to 13.91 yuan on July 3, 2023, and further adjusted to 11.14 yuan on May 20, 2024 [3][5]. - The redemption conditions were triggered as the stock price was above 14.482 yuan for 15 trading days, which is 130% of the current conversion price [5][6]. Group 3: Redemption Price and Process - The redemption price is set at 100.79 yuan per bond, which includes accrued interest calculated based on a 1% interest rate [6][7]. - The redemption will be executed for all bondholders registered by September 16, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after redemption [7][8]. - Bondholders are advised to convert their bonds before the redemption date to avoid potential losses [1][7].