HONGLU(SZ:002541) Shang Hai Zheng Quan Bao·2025-12-09 20:18Core Viewpoint - The company announces the resumption of conversion for its convertible bonds, "Honglu Convertible Bonds," effective December 12, 2025, after a temporary suspension due to stock price conditions [2][4]. Group 1: Convertible Bond Issuance and Trading - The company issued 18.80 billion RMB worth of convertible bonds on October 9, 2020, with a maturity of six years [2]. - The bonds were listed and began trading on the Shenzhen Stock Exchange on November 2, 2020, under the code "128134" [3]. Group 2: Suspension and Resumption of Conversion - The conversion of "Honglu Convertible Bonds" was suspended from December 5, 2025, to December 11, 2025, due to the stock price being below 70% of the conversion price for 30 consecutive trading days [4]. - Conversion will resume on December 12, 2025, following the end of the suspension period [4]. Group 3: Redemption Rights and Procedures - Bondholders have the right to redeem their bonds at a price of 100.312 RMB per bond during the redemption period from December 5 to December 11, 2025 [11][14]. - The redemption conditions were triggered due to the stock price falling below the specified threshold, allowing bondholders to sell back their bonds to the company [9][12]. Group 4: Payment and Settlement - The payment for redeemed bonds will be processed on December 16, 2025, with funds being transferred to investors by December 18, 2025 [17]. - The company will continue to trade the bonds during the redemption period, but conversion will be temporarily halted [17].