HAOHAN DATA(SH:688292) Shang Hai Zheng Quan Bao·2025-09-11 20:50Core Viewpoint - The announcement details the commencement of the conversion period for the "Haohan Convertible Bonds," allowing bondholders to convert their bonds into shares of Beijing Haohan Depth Information Technology Co., Ltd. at a conversion price of 24.26 CNY per share from September 19, 2025, to March 12, 2031 [2][3][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued 3.5429 million convertible bonds with a total value of 354.29 million CNY, each with a face value of 100 CNY, and a maturity period of six years from March 13, 2025, to March 12, 2031 [2][3]. Conversion Terms - The conversion price is set at 24.26 CNY per share, with the conversion period starting from September 19, 2025, to March 12, 2031 [2][6]. - The bond has a tiered interest rate structure: 0.2% for the first year, 0.4% for the second year, 0.8% for the third year, 1.5% for the fourth year, 2.0% for the fifth year, and 2.5% for the sixth year [4]. Conversion Application Process - Bondholders can apply to convert their bonds into shares through the Shanghai Stock Exchange trading system, with a minimum conversion unit of one share [8][10]. - The conversion application cannot be withdrawn once confirmed, and the bond trading takes precedence over conversion applications [9]. Tax and Interest Considerations - Any taxes incurred during the conversion process are the responsibility of the bondholder [13]. - Bonds converted before the interest payment date will not receive interest for that period [14]. Conversion Price Adjustments - The initial conversion price was set at 24.38 CNY per share, adjusted to 24.26 CNY following a cash dividend distribution [15][16]. - The conversion price may be adjusted based on various corporate actions, including stock dividends and cash distributions [15][17]. Redemption and Sale Conditions - The company may redeem unconverted bonds at 115% of the face value within five trading days after maturity [20]. - Bondholders have the right to sell their bonds back to the company if the stock price falls below 70% of the conversion price during the last two interest years [23]. Additional Sale Rights - If there are significant changes in the use of funds raised from the bond issuance, bondholders may have the right to sell their bonds back to the company [25]. Contact Information - For further details, investors are directed to the company's official disclosure on the Shanghai Stock Exchange website [25].