CHINA HARZONE(SZ:300527) Zheng Quan Zhi Xing·2025-09-04 16:17Core Viewpoint - The company announces the redemption and delisting of its convertible bonds, "Emergency Convertible Bonds," due to the completion of the redemption process and the lack of remaining bonds for trading [1][5][6]. Convertible Bond Basic Information - The company issued 8,189,312 convertible bonds on April 10, 2020, with an initial conversion price of 8.90 CNY per share [1]. - The conversion period for these bonds started on October 16, 2020, and will end on April 9, 2026 [1]. Conversion Price Adjustments - The conversion price was adjusted from 8.90 CNY to 8.88 CNY on July 21, 2021, and then to 8.86 CNY on July 19, 2022 [2]. - The conversion price was further adjusted to 7.06 CNY on May 16, 2024, based on the average stock price prior to the annual shareholders' meeting [3]. Conditional Redemption Clause - The company has the right to redeem the bonds if the stock price meets certain conditions, specifically if the closing price is at least 130% of the conversion price for 15 out of 30 trading days [4]. Redemption Implementation - The redemption price is set at 100.77 CNY per bond, which includes accrued interest calculated based on a 2.00% annual interest rate [5]. - The total number of bonds to be redeemed is 10,296, and the redemption will be completed by September 4, 2025 [5][6]. Delisting Arrangement - Following the full redemption of the bonds, the "Emergency Convertible Bonds" will be delisted from the Shenzhen Stock Exchange on September 5, 2025, as there will be no remaining bonds available for trading [5][6].