HAILIANG(SZ:002203) Shang Hai Zheng Quan Bao·2025-09-26 18:31Summary of Key Points Core Viewpoint The announcement from Zhejiang Hailiang Co., Ltd. details the upcoming redemption and cessation of conversion for its convertible bonds, "Hailiang Convertible Bonds," emphasizing the importance for bondholders to act before the final conversion date. Group 1: Important Dates and Actions - The last conversion date for "Hailiang Convertible Bonds" is September 26, 2025, after which unconverted bonds will cease to be convertible [2][4] - The redemption price for the bonds is set at 101.710 CNY per bond, including accrued interest at an annual rate of 2.00% [3][16] - The bonds will stop trading on September 24, 2025, and the redemption registration date is September 26, 2025 [4][20] Group 2: Redemption Conditions and Procedures - The redemption conditions were met on August 25, 2025, allowing the company to exercise its right to redeem the bonds early [5][10] - The bonds will be fully redeemed on September 29, 2025, with funds credited to bondholders' accounts by October 14, 2025 [21][22] - Bondholders must ensure that any pledged or frozen bonds are released before the conversion cessation date to avoid forced redemption [4][25] Group 3: Convertible Bond Details - The total issuance of "Hailiang Convertible Bonds" was 315 million bonds, with a total value of 3.15 billion CNY, issued on November 21, 2019 [5][6] - The initial conversion price was set at 9.83 CNY per share, which has been adjusted multiple times due to annual profit distributions, with the latest adjustment bringing it to 9.20 CNY per share [7][10][9] Group 4: Future Plans for H Shares - The company is planning to issue H shares and list them on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [27][28] - The specific details of the H share issuance are still under discussion with relevant intermediaries and have not yet been finalized [27][28]