huahaipharm(SH:600521) Shang Hai Zheng Quan Bao·2025-12-18 19:16Core Viewpoint - The announcement details the fourth notice regarding the optional redemption of the "Huahai Convertible Bonds," allowing bondholders to sell their bonds back to the company at a specified price under certain conditions [1][2]. Group 1: Redemption Terms - The redemption price is set at 100.30 RMB per bond, which includes accrued interest and tax [2][10]. - Bondholders have the option to redeem part or all of their unconverted convertible bonds, and this redemption is not mandatory [2][6]. - The redemption clause becomes effective if the company's stock price remains below 70% of the conversion price for 30 consecutive trading days [2][3]. Group 2: Redemption Process - The redemption period is from December 22, 2025, to December 26, 2025, during which the bonds will stop being convertible [4][9]. - The payment date for the redeemed bonds is set for December 31, 2025 [11]. - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified redemption period [7][8]. Group 3: Interest Calculation - The accrued interest for the redemption is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds being redeemed, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [5]. - For the sixth year, the coupon rate is 2.00%, and the interest calculated for 54 days is approximately 0.30 RMB per bond, confirming the total redemption price of 100.30 RMB [5][10]. Group 4: Trading During Redemption Period - The "Huahai Convertible Bonds" will continue to trade during the redemption period but will not be convertible [13]. - If the total face value of the bonds in circulation falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period, after which an announcement will be made [13].