HONGLU(SZ:002541) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-22 02:01Core Viewpoint - Anhui Honglu Steel Structure (Group) Co., Ltd. announced the conditional redemption of its convertible bonds, "Honglu Convertible Bonds," allowing bondholders to sell back part or all of their unconverted bonds under specific conditions [2][3][5]. Summary by Sections Redemption Conditions - Bondholders can choose to redeem part or all of their unconverted "Honglu Convertible Bonds" based on the terms outlined in the prospectus [2][3]. - The redemption price is set at 100.312 CNY per bond, including interest and tax [3][8]. - The triggering date for redemption conditions is November 19, 2025, when the stock price must be below 70% of the conversion price for 30 consecutive trading days [3][4]. Redemption Process - The redemption application period is from December 5 to December 11, 2025 [4][11]. - The funds will be credited to the bondholders' accounts by December 18, 2025 [12]. - The company will announce the results of the redemption and its impact after the redemption period ends [13]. Trading and Conversion During Redemption - "Honglu Convertible Bonds" will continue to trade during the redemption period but will suspend conversion [14]. Price Adjustment Conditions - The company indicated that if the stock price remains below 85% of the conversion price for 15 out of 30 trading days, it may trigger a downward adjustment of the conversion price [17][23]. - The current conversion price is set at 32.08 CNY per share, and if the stock price continues to fall, the company will follow the necessary procedures for price adjustment [18][24].