江西宏柏新材料股份有限公司关于“宏柏转债”预计满足赎回条件的提示性公告

Summary of Key Points Core Viewpoint - Jiangxi Hongbo New Materials Co., Ltd. has announced the expected fulfillment of redemption conditions for its convertible bonds, indicating potential actions regarding the bonds based on stock performance and market conditions [1]. Group 1: Convertible Bond Issuance and Listing - The company issued 9.6 million convertible bonds with a total value of 960 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [2]. - The bonds have a term of six years, from April 17, 2024, to April 16, 2030, with a tiered interest rate starting at 0.20% in the first year and increasing to 2.50% in the sixth year [2]. - The bonds were listed for trading on the Shanghai Stock Exchange starting May 14, 2024, under the name "Hongbo Convertible Bonds" and code "111019" [3]. Group 2: Conversion Price Adjustments - The initial conversion price for the bonds was set at 7.51 yuan per share, which has been adjusted multiple times due to various corporate actions, with the latest adjustment bringing it to 5.46 yuan per share [4][5][6]. - Adjustments were made due to stock buybacks and rights distributions, as well as a downward correction triggered by stock price performance [5][6]. Group 3: Redemption Terms and Expected Trigger - The company has outlined redemption terms that allow for the redemption of the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days, or if the remaining balance of unconverted bonds falls below 30 million yuan [7]. - As of January 20, 2026, the stock price has met the criteria for potential redemption, with 10 trading days showing prices above the threshold [9]. Group 4: Cash Management Using Idle Funds - The company plans to use 60 million yuan of idle funds from the convertible bond issuance for cash management, specifically investing in high-security, liquid financial products [15][16]. - The investment is aimed at improving the efficiency and returns of the raised funds while ensuring that it does not affect the company's operational needs [24]. - The cash management investment was approved by the board and is within the authorized limits for such activities [20][21].