WAZAM(SH:603186) Shang Hai Zheng Quan Bao·2026-02-09 23:01Core Viewpoint - The last trading day for Huazheng Convertible Bonds is February 10, with a closing price of 183.202 CNY per bond on February 9, and investors risk losing over 45% if they do not act in time [2][5][8]. Group 1: Trading and Redemption Information - Investors are reminded that February 10 is the last trading day for Huazheng Convertible Bonds, and February 13 is the final conversion day [5]. - After the close on February 13, unconverted bonds will be frozen and cease trading and conversion [5][8]. - As of February 9, the closing price of Huazheng Convertible Bonds was 183.202 CNY per bond, and investors who do not act may face losses exceeding 45% compared to the forced redemption price [8]. Group 2: Conversion and Redemption Mechanism - The forced redemption mechanism is triggered if the company's stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [9]. - Investors have two options to mitigate risks: sell the convertible bonds or convert them into shares at a price of 38.51 CNY per share [11]. - The new regulations indicate that the last trading day will be marked with a "Z" to alert investors to the associated risks [11].