Red Avenue New Materials(SH:603650) Zheng Quan Ri Bao Zhi Sheng·2025-11-03 12:16Core Viewpoint - Tongcheng New Materials announced that investors holding "Tongcheng Convertible Bonds" can either continue trading in the secondary market within the specified time or convert at a price of 31.11 CNY per share. If not, they will face mandatory redemption at a price of 100 CNY per bond plus accrued interest of 1.44 CNY per bond, totaling 101.44 CNY per bond, which may lead to significant investment losses [1]. Summary by Sections - Investment Options: Investors can trade in the secondary market or convert bonds at 31.11 CNY per share [1]. - Mandatory Redemption: If investors do not act within the specified timeframe, they will be forced to redeem at 101.44 CNY per bond, which includes the face value and accrued interest [1]. - Risk of Loss: The company warns that failure to convert or sell the bonds may result in substantial investment losses for bondholders [1].