江苏华辰变压器股份有限公司关于不提前赎回“华辰转债”的公告

Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. has decided not to exercise the early redemption option for its convertible bonds, Huachen Convertible Bonds, despite triggering the redemption clause due to stock prices exceeding 130% of the conversion price for fifteen trading days [2][4]. Group 1: Convertible Bond Issuance Overview - The company issued 4,600,000 convertible bonds with a total value of 460 million yuan, with a maturity of six years from June 20, 2025, to June 19, 2031 [3]. - The coupon rates for the bonds are structured to increase over the years, starting from 0.20% in the first year to 2.50% in the sixth year [3]. Group 2: Redemption Terms and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least fifteen trading days within any thirty-day period [4]. - The recent stock price performance has triggered this redemption clause, as the stock price was above 30.52 yuan (130% of the conversion price of 23.48 yuan) for the required duration [2][4]. Group 3: Decision Against Early Redemption - The board of directors convened on February 4, 2026, and resolved not to redeem the bonds early, citing confidence in the company's long-term potential and market conditions [2][6]. - The company will not exercise the redemption option for the next three months, and any future decisions regarding redemption will be made after May 4, 2026 [2][6]. Group 4: Shareholder Actions - The company has noted that its major shareholders and executives have not traded the convertible bonds in the six months leading up to the redemption condition being met, except for a planned reduction by a senior executive [7]. - The executive plans to reduce holdings by up to 2,800 bonds while maintaining compliance with legal requirements [7]. Group 5: Compliance and Verification - The decision not to redeem the bonds has been reviewed and approved by the board, ensuring compliance with relevant regulations and the terms outlined in the offering prospectus [8].