WAZAM(SH:603186) Xin Lang Cai Jing·2026-01-23 20:58Core Viewpoint - Zhejiang Huazheng New Materials Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 trading days, leading to a decision for early redemption of the bonds [2][7][8]. Group 1: Convertible Bond Issuance Overview - The company issued 570 million yuan of convertible bonds on January 24, 2022, with a maturity of 6 years and a face value of 100 yuan per bond [3]. - The initial conversion price was set at 39.09 yuan per share, which has been adjusted to 38.51 yuan per share due to profit distribution [3][4]. Group 2: Redemption Terms and Trigger Conditions - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days [6][7]. - The stock price from December 29, 2025, to January 23, 2026, met the condition, being above 50.06 yuan per share [2][7]. Group 3: Decision for Early Redemption - The company's board of directors approved the early redemption of the convertible bonds on January 23, 2026, with a unanimous vote [8]. - The redemption will occur at the face value plus accrued interest, aimed at reducing financial costs and liabilities [8]. Group 4: Related Parties' Trading Activity - There were no transactions of the convertible bonds by major shareholders or executives in the six months prior to the redemption conditions being met [9]. Group 5: Sponsor's Verification Opinion - The sponsor, Xingye Securities, confirmed that the early redemption process complies with relevant regulations and has been properly approved by the board [10].