Hongfa(SH:600885) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-09 03:19Group 1 - The core announcement indicates that "Hongfa Convertible Bonds" will stop trading from December 9, 2025, and will be delisted from the Shanghai Stock Exchange on December 12, 2025 [2][4][14] - The last conversion date for the bonds is December 11, 2025, with only three trading days remaining until this date [3][13] - The redemption price for the bonds is set at 100.2219 CNY per bond, which includes accrued interest of 0.2219 CNY [4][10] Group 2 - The company has triggered the conditional redemption clause for the bonds, as the stock price has been above 130% of the conversion price for 15 trading days [5][8] - The redemption registration date is December 11, 2025, and the redemption payment date is December 12, 2025 [6][12] - The bonds will be forcibly redeemed at the specified price if not converted by the last conversion date, which may lead to significant investment losses for holders [4][19] Group 3 - The total share capital of the company increased from 1,481,599,738 shares to 1,539,291,420 shares due to the conversion of the bonds [24][26] - The holding percentage of the controlling shareholder, Hege Venture Capital Co., Ltd., has been diluted from 26.94% to 25.94% as a result of the bond conversion [22][24] - This dilution does not trigger a mandatory bid and will not change the controlling shareholder or actual controller of the company [22][24]