上海沪工焊接集团股份有限公司关于“沪工转债”赎回结果暨股份变动的公告

Core Viewpoint - Shanghai Huguang Welding Group Co., Ltd. has announced the redemption of its convertible bonds, "Huguang Convertible Bonds," following the fulfillment of specific conditions related to stock price performance [2][3]. Group 1: Redemption Announcement - The company triggered the conditional redemption clause of the "Huguang Convertible Bonds" as the stock price met the required threshold of 130% of the conversion price for 15 out of 30 trading days [2]. - The board of directors approved the early redemption of the bonds during a meeting on December 9, 2025, and detailed the redemption process in subsequent announcements [3][4]. Group 2: Redemption Details - The redemption date is set for January 21, 2026, with a total of 6,700 bonds (valued at 670,000 yuan) being redeemed at a price of 101.4268 yuan per bond, including accrued interest [4][5]. - The total amount to be paid out for the redemption, including interest, is 679,559.99 yuan, with payment scheduled for January 22, 2026 [9]. Group 3: Impact on Company - The redemption will not significantly impact the company's cash flow, as the total redemption amount is relatively small [10]. - Following the redemption, the company's total share capital will increase to 336,907,220 shares, which may dilute earnings per share in the short term but is expected to strengthen the company's capital structure and reduce the debt-to-asset ratio in the long run [10]. Group 4: Conversion Status - As of January 21, 2026, a total of 399,330,000 yuan of "Huguang Convertible Bonds" have been converted into A-shares, representing 5.95% of the total shares before conversion [7][8]. - The bonds will cease trading from January 16, 2026, and any remaining bonds will be frozen and stop converting after the redemption date [8].