FHEC(SH:688362) Shang Hai Zheng Quan Bao·2026-01-20 18:33Core Viewpoint - Yongxi Electronics (Ningbo) Co., Ltd. has announced that its convertible bond, "Yongxi Convertible Bond," is expected to meet the redemption conditions based on the stock price performance [2][11]. Group 1: Convertible Bond Issuance and Terms - The company issued a total of 1,165,000 hands (11,650,000 bonds) of convertible bonds worth 116,500 million yuan, with a maturity of six years and a face value of 100 yuan per bond [2][3]. - The initial conversion price for the "Yongxi Convertible Bond" is set at 28.39 yuan per share, which was adjusted to 28.36 yuan per share following a stock incentive plan [4][5][6]. Group 2: Redemption Conditions - The bond will be subject to conditional redemption if the company's stock price remains at or above 130% of the conversion price (36.87 yuan per share) for at least five trading days within a future 20-day period [2][11]. - The company has the right to redeem all or part of the unconverted bonds at face value plus accrued interest if the stock price conditions are met or if the unconverted balance falls below 30 million yuan [9][11]. Group 3: Trading and Conversion Period - The trading of the "Yongxi Convertible Bond" commenced on July 16, 2025, and the conversion period is from January 5, 2026, to June 25, 2031 [3][4].