HAILIANG(SZ:002203) Shang Hai Zheng Quan Bao·2025-09-16 20:21Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [2][9]. Summary by Sections Convertible Bond Basic Information - The company issued 31.50 billion yuan worth of convertible bonds on November 21, 2019, with a maturity of six years [3][4]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distribution [5][6][7][8]. Redemption Conditions - The redemption conditions were triggered as the stock price exceeded 130% of the current conversion price for 15 trading days [8][9]. - The board of directors approved the early redemption on August 25, 2025, based on current market conditions [2][9]. Redemption Implementation Arrangements - The redemption price is set at 101.710 yuan per bond, including accrued interest [13][14]. - The redemption process includes specific dates for trading suspension, redemption registration, and payment to bondholders [17][18]. Other Relevant Information - The company will provide daily announcements regarding the redemption until the redemption date [17]. - Bondholders must handle conversion through their respective securities companies, and the minimum conversion unit is one bond [20].