Huahong Technology(SZ:002645) Zheng Quan Shi Bao·2025-09-02 18:27Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. has decided to exercise its early redemption rights for the "Huahong Convertible Bonds" based on current market conditions and the company's situation, with the redemption price set at 100.79 yuan per bond, including accrued interest [4][13]. Group 1: Convertible Bond Basic Information - The company issued convertible bonds totaling 515 million yuan, with a face value of 100 yuan per bond, and the net proceeds after deducting issuance costs were approximately 504 million yuan [4]. - The bonds were listed on the Shenzhen Stock Exchange on January 10, 2023, under the name "Huahong Convertible Bonds" and code "127077" [5]. - The conversion period for the bonds started on June 8, 2023, and will end on December 1, 2028 [6]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 15.65 yuan per share, which was adjusted to 15.45 yuan on June 1, 2023, and further adjusted to 13.91 yuan on July 3, 2023 [7][8]. - The conversion price was subsequently adjusted to 13.92 yuan on August 2, 2023, and will be further adjusted to 11.14 yuan on May 20, 2024 [8]. Group 3: Redemption Conditions - The redemption conditions were triggered as the company's stock price closed above 14.482 yuan (130% of the conversion price of 11.14 yuan) for 15 trading days from July 21 to August 26, 2025 [9]. - The company has the right to redeem all or part of the bonds if the unconverted balance is less than 30 million yuan [10]. Group 4: Redemption Implementation Arrangements - The redemption price is set at 100.79 yuan per bond, which includes accrued interest calculated based on a 1% annual interest rate for 289 days [13]. - The redemption will occur on September 17, 2025, with the last trading day for the bonds on September 12, 2025 [18]. - Investors will receive the redemption amount in their accounts by September 24, 2025 [18].