中信证券股份有限公司 关于青岛伟隆阀门股份有限公司 提前赎回"伟隆转债"的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为青岛伟 隆阀门股份有限公司（以下简称"伟隆股份"或"公司"）2023 年度向不特定对 象发行可转换公司债券持续督导工作的保荐人，根据《证券发行上市保荐业务管 理办法》 《深圳证券交易所股票上市规则》 《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》《深圳证券交易所上市公司自律监管指引 第 13 号——保荐业务》 《深圳证券交易所上市公司自律监管指引第 15 号——可 转换公司债券》等相关规定，中信证券履行持续督导职责，对伟隆股份提前赎回 "伟隆转债"的事项进行了审慎核查，核查情况及意见如下： 一、可转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意青岛伟隆阀门股份有限公司向不特定 对象发行可转换公司债券注册的批复》 （证监许可〔2024〕998 号）同意，公司于 券，期限 6 年，每张面值为人民币 100 元，发行数量 2,697,100 张，募集资金总 额为人民币 269,710,000.00 元。扣除发行费用人民币 7 ...

Core Viewpoint - Qingdao Weilon Valve Co., Ltd. has announced the early redemption of its convertible bonds "Weilon Convertible Bonds" due to the triggering of redemption conditions based on the company's stock price performance [1][4]. Group 1: Convertible Bond Basic Information - The company issued a total of 26,971,000 yuan in convertible bonds on August 19, 2024, with a face value of 100 yuan per bond, resulting in a total of 2,697,100 bonds issued [2]. - The initial conversion price of the bonds was set at 8.60 yuan per share, which was later adjusted to 8.26 yuan per share effective from May 29, 2025 [3][4]. Group 2: Redemption Conditions and Implementation - The redemption was triggered as the company's stock price exceeded 130% of the conversion price (10.74 yuan per share) for fifteen consecutive trading days [4]. - The redemption price is set at 100.485 yuan per bond, which includes accrued interest [5][6]. - The redemption will be executed on July 31, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after the redemption [1][6]. Group 3: Shareholder Transactions - The actual controller and major shareholders have not engaged in any transactions involving the convertible bonds in the six months prior to the redemption conditions being met [7][8]. - The company has not received any plans from major shareholders to reduce their holdings in the convertible bonds in the next six months [8]. Group 4: Conversion Procedures - Bondholders must apply for conversion through the securities company that holds their bonds, with a minimum conversion unit of 1 bond [8]. - Newly converted shares will be listed for trading the next trading day after the conversion application [8].

Summary of Key Points Core Viewpoint - The announcement details the early redemption of "Hangyin Convertible Bonds" by Hangzhou Bank, which is triggered by the stock price exceeding a specified threshold, leading to a total redemption amount of RMB 5,941,151.92, including interest [1][5]. Group 1: Redemption Details - Redemption amount: RMB 5,912,000 (59,120 bonds) [1] - Total redemption payment: RMB 5,941,151.92 (including current interest) [1][5] - Redemption payment date: July 7, 2025 [1] - Convertible bond delisting date: July 7, 2025 [1] Group 2: Conditions and Calculations - The redemption was triggered as the stock price was above 130% of the conversion price for 15 trading days [1]. - The redemption price includes the face value of the bonds plus accrued interest calculated as follows: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds, i is the annual coupon rate of 1.8%, and t is the number of days [2][3]. Group 3: Impact on Company - As of July 4, 2025, the remaining balance of "Hangyin Convertible Bonds" is RMB 5,912,000, accounting for 0.04% of the total issuance [4]. - Total converted amount of "Hangyin Convertible Bonds" is RMB 14,994,088,000, resulting in 1,318,802,116 shares, which is 22.24% of the total shares before conversion [4]. - Post-redemption, the total share capital will increase to 7,249,002,548 shares, which may dilute earnings per share in the short term but strengthens the company's capital base for sustainable development [5].

Group 1 - The company has issued a total of 8,864,800 convertible bonds with a total amount of 88.648 million yuan, and the bonds were listed on December 23, 2020 [1] - The initial conversion price was set at 20.34 yuan per share, which has been adjusted multiple times, with the latest conversion price being 14.22 yuan per share [2][4] - The company has decided not to exercise the right to adjust the conversion price downwards for the convertible bonds in the next six months [5][6] Group 2 - The redemption clause allows the company to redeem the convertible bonds if the stock price reaches 130% of the conversion price, which is currently 18.49 yuan per share [7] - If the stock price condition is met for 20 consecutive trading days, the company may redeem all or part of the unconverted convertible bonds [7]

来源丨凤凰网财经《IPO观察哨》 港股消费板块热度不减，又一家曾经的明星公司加入IPO之列。 近日，Yangtuo Technology Inc.（下称海拍客）向港交所递交招股书，中信证券为独家保荐人。 作为瞄准下沉市场的B端母婴电商平台，"海拍客"有过梦幻开局。创始团队来自阿里系，海拍客创始人赵晨是天猫国际的创建者，其首席运营官徐虹 是淘金币创始人，其首席技术官肖建涛是阿里聚划算初始团队的技术负责人。仅创立三年，海拍客平台的GMV就突破了100亿元。 创始团队的明星光环下，海拍客5年就拿下6轮融资，不乏顺为资本、复星国际、高瓴等知名投资机构，其中，由雷军和许达来在2011年联合创立的 顺为资本，接连参与了海拍客的5轮投资。 然而，翻开海拍客招股书，其披露的财务数据却并不理想，负债净额显示在2024年已高达20亿。为了向银行贷款，首席技术官肖建涛还抵押了自己 的楼。 从光环加身到亟需补血，海拍客的上市之路，更像是一场关乎生存的冲刺。 01 "小镇妈妈"撑起八成市场，GMV两年萎缩26% 作为垂类母婴电商，海拍客瞄准低线城市打出了差异化，其交易买家分布中，一线城市仅占约1%，二线城市占比约17%，低线市场买家占 ...

中证转债日K线图 中证转债指数创十年新高 机构提示关注半年报绩优标的 ◎记者 孙忠 今年以来可转债市场表现稳健。数据显示，中证转债指数今年以来已取得7.94%的涨幅，表现优于主要 宽基指数。上周市场热度较高，明星品种较多。其中，惠城转债大涨21%，成为市场中价格突破2000元 的龙头品种。 可转债作为"下有保底，上不封顶"的优质资产，为投资者贡献了稳定的回报。随着A股震荡走强，可转 债转股价格下修和提前赎回的条款博弈也让市场更具看点。市场人士认为，今年以来，A股市场整体活 跃，银行和其他主题板块亮点纷呈，同时并购重组活跃也推动了可转债市场稳步上行。展望未来，需要 关注优质半年度绩优标的。 指数创下10年新高 今年以来中证转债指数虽有震荡但整体稳健，近期连续多日刷新了2015年后的市场高点。 截至7月4日，中证转债指数收报447.46点，盘中最高至449.36点，年涨幅高达7.94%，跑赢市场主要宽 基指数。 年初可转债市场曾处于调整状态，但很快步入上行通道；3月中旬后，市场再度深幅调整，并跌至年初 低点。此后中证转债指数单边走强。 "本质上是资产的优势。"迎水投资合伙人陈远芳认为，作为攻守兼备的投资品种，可转 ...

Group 1 - The board of directors of Qilu Bank approved the early redemption of the "Qilu Convertible Bonds" during the 14th meeting of the 9th board session [1][2] - The early redemption was triggered as the stock price of Qilu Bank had closed above the conversion price for 15 trading days from June 3, 2025, to July 4, 2025 [2] - The resolution for the early redemption received unanimous approval from all 11 voting directors, with no votes against or abstentions [2] Group 2 - The company authorized senior management to handle all matters related to the redemption of the convertible bonds, including determining the redemption date and payment methods [2] - The independent directors expressed their agreement with the decision to redeem the bonds [2]

Core Viewpoint - Qilu Bank has announced the early redemption of its convertible bonds, "Qilu Convertible Bonds," due to the triggering of conditional redemption clauses based on stock price performance [1][5]. Group 1: Convertible Bond Overview - Qilu Bank issued convertible bonds with a total amount of RMB 8 billion, with a maturity of 6 years and a tiered interest rate structure starting from 0.20% in the first year to 3.00% in the sixth year [2][3]. - The initial conversion price was set at RMB 5.87 per share, which has been adjusted to RMB 5.00 per share as of June 12, 2025 [2][5]. Group 2: Redemption Terms and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains at or above 130% of the conversion price for at least 15 out of 30 consecutive trading days [3][4]. - The redemption was triggered as the stock price met the required threshold during the period from June 3, 2025, to July 4, 2025 [5]. Group 3: Decision on Early Redemption - The board of directors has approved the early redemption of the "Qilu Convertible Bonds," agreeing to redeem all bonds at face value plus accrued interest [1][5]. - Independent directors have expressed their agreement with the decision to redeem the bonds [5].

万科企业股份有限公司 关于"22 万科 05"公司债券付息、赎回结果暨摘牌公告 证券代码：000002、299903、149975 证券简称：万科 A、万科 H 代、22 万科 05 公告编号： 〈万〉2025-101 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 重要提示： 税）。 （3）回售选择权：发行人发出关于是否调整本期债券票面利率 及调整幅度的公告后，投资者有权选择在本期债券存续期内第 3 个计 息年度的投资者回售登记期内进行登记，将持有的本期债券按面值全 部或部分回售给发行人或选择继续持有本期债券。本期债券第 3 个计 息年度付息日即为回售支付日，公司将按照深交所和债券登记机构相 关业务规则完成回售支付工作。 资本期债券所应缴纳的税款由投资者承担。 算有限责任公司深圳分公司（以下简称"中国结算深圳分公司"） 二、本期债券赎回的实施情况 公司已于 2025 年 6 月 10 日、6 月 17 日、6 月 23 日分别在深圳 证券交易所网站（www.szse.cn）发布了《万科企业股份有限公司关于 行使"22 万科 05"公司债券赎回选择 ...

近日，建信理财再度发布公告，宣布旗下8只固收类日开型产品于6月27日触发巨额赎回，根据说明书的 约定，暂停接受投资者赎回申请。 据记者不完全梳理，6月26日以来，建信理财已经发布了8次相关公告，涉及15只产品，其中多只产品两 度触发了巨额赎回，均为固收类产品。 "这种情况说明当日赎回产品的人数较多，但银行将会在下一开放日重新接受投资者赎回申请，您届时 可以再次尝试赎回。"建设银行相关工作人员告诉《华夏时报》记者。 为什么短期内有多只理财产品触发巨额赎回？7月3日，《华夏时报》记者联系了建信理财询问相关情 况，截至发稿未获回复。 产品流动性考虑 实际上，理财产品出现巨额赎回的情况在近几年并不算少见。此前徽银理财、招银理财、信银理财、渤 银理财等理财公司旗下的产品均曾触发过巨额赎回。相关分析人士指出，理财产品期望收益水平达不到 预期、客群满意度较低，以及资管新规现阶段新老产品对接等，都有可能发生巨额赎回的情况。 一周内15只产品触发巨额赎回 《商业银行理财业务监督管理办法》显示，巨额赎回是指开放式公募理财产品单个开放日净赎回申请超 过上一日理财产品总份额10%的赎回行为，其中净赎回申请指的是赎回申请总份额扣除申购 ...