Core Viewpoint - Jiangsu Bojun Industrial Technology Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, despite triggering the conditional redemption clause due to stock price performance [2][8]. Group 1: Convertible Bond Basic Information - The company issued 5,000,000 convertible bonds on September 8, 2023, with a total fundraising amount of RMB 50 million, netting RMB 49.27324 million after expenses [3]. - The convertible bonds were listed on the Shenzhen Stock Exchange on September 28, 2023, under the name "Bojun Convertible Bonds" and code "123222" [4]. - The conversion period for the bonds starts on March 14, 2024, and ends on September 7, 2029 [5]. Group 2: Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [7]. - From April 28 to May 21, 2025, the company's stock price met the condition, triggering the redemption clause with a price of RMB 21.52 per share [7]. Group 3: Decision on Early Redemption - On May 21, 2025, the board of directors decided not to exercise the early redemption rights, considering market conditions and the interests of bondholders [8]. - The company will not redeem the bonds for the next six months, even if the redemption conditions are met again [8]. Group 4: Shareholder Transactions - The company confirmed that major shareholders and executives did not trade the convertible bonds in the six months prior to the redemption condition being met [9]. - There are currently no plans for these stakeholders to reduce their holdings in the convertible bonds in the next six months [9]. Group 5: Sponsor's Verification Opinion - The sponsor, Dongfang Securities Co., Ltd., confirmed that the decision not to redeem the bonds was made following necessary procedures and complies with relevant regulations [10].

Group 1 - The core point of the announcement is that the company has decided not to exercise the early redemption rights of the "Huangyu Convertible Bonds" despite triggering the conditional redemption clause due to stock price performance [3][9][15] - The board meeting was held on April 2, 2025, with all five directors present, and the decision was made unanimously [2][5] - The company will not exercise the early redemption rights for the next six months, from April 3, 2025, to October 2, 2025, even if the redemption conditions are met again [3][9][16] Group 2 - The "Huangyu Convertible Bonds" were issued for a total of 666.7 million yuan, with a maturity of six years and a conversion price of 32.64 yuan per share [10][12] - The conditional redemption clause was triggered as the company's stock price closed at or above 130% of the conversion price for at least 15 trading days within a 30-day period [9][15] - The board will reconvene to decide on the redemption rights if the conditions are triggered again after October 3, 2025 [3][16]

Group 1 - The board of directors of Guizhou Hangyu Technology Development Co., Ltd. held its 26th meeting on April 2, 2025, with all five directors present and in compliance with legal regulations [1][2] - The board approved the proposal not to redeem the "Hangyu Convertible Bonds" early, as the stock price met the conditions for conditional redemption [1][2] - The decision was made to treat all investors fairly, considering the company's fundamentals, stock price trends, and market conditions, with confidence in the company's long-term development [2] Group 2 - The company will not exercise the early redemption rights for the "Hangyu Convertible Bonds" for the next six months, from April 3, 2025, to October 2, 2025, even if the redemption conditions are triggered again [2] - The first trading day for recalculating the redemption conditions will be October 3, 2025, and the board will reconvene if the conditions are met again [2] - The voting results for the proposal were unanimous, with 5 votes in favor and none against or abstaining [2]

Core Viewpoint - The company, Ningbo Zhenyu Technology Co., Ltd., has announced that its convertible bonds may meet the conditions for redemption based on stock price performance, specifically if the stock price remains above 130% of the conversion price for a specified period [1][6]. Group 1: Convertible Bond Basic Information - The company issued 11,950,000 convertible bonds at a face value of RMB 100 each, totaling RMB 119,500 million, approved by the China Securities Regulatory Commission [2]. - The convertible bonds will be traded on the Shenzhen Stock Exchange starting from November 9, 2023, under the name "Zhenyu Convertible Bonds" with the code "123228" [2]. - The initial conversion price for the bonds is set at RMB 61.57 per share [3]. Group 2: Redemption Conditions - The company has outlined conditions under which it can redeem the convertible bonds, including if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5]. - As of the announcement date, the conversion price is RMB 54.54 per share, and the stock price must reach at least RMB 70.91 for the redemption condition to be triggered [1][6]. - The company has the right to redeem all or part of the unconverted bonds at face value plus accrued interest if the redemption conditions are met [5][6].