Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to stock price performance, but the company has decided not to exercise this redemption right at this time [2][14]. Group 1: Convertible Bond Issuance and Trading - The company issued 3 million convertible bonds on September 12, 2023, with a total amount of 300 million yuan and a maturity of six years [3]. - The initial conversion price of the bonds was set at 42.72 yuan per share, which was later adjusted downwards to 35.00 yuan and subsequently to 21.10 yuan due to specific conditions [4][6]. - The latest conversion price is now 20.94 yuan per share following adjustments related to share repurchases [7]. Group 2: Redemption Conditions and Trigger Events - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [8]. - The redemption condition was triggered from September 19 to October 17, 2025, as the stock price met the required threshold [13]. - The company has held multiple board meetings to decide against exercising the redemption right during various triggered periods [10][11][12][14]. Group 3: Company Decisions and Future Considerations - The board of directors decided not to redeem the convertible bonds during the latest triggered period, considering market conditions and investor interests [14]. - The company will reassess the situation if the redemption conditions are triggered again after January 18, 2026 [14]. - There have been no transactions of the convertible bonds by major stakeholders in the six months leading up to the redemption condition being met [15].

Core Viewpoint - Shanghai Xinzhi Software 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 Redemption - The company's stock price from September 17, 2025, to October 15, 2025, met the condition of having at least 15 trading days with a closing price not lower than 130% of the current conversion price of 10.56 CNY per share, which is 13.73 CNY per share [2][6]. - The board of directors has resolved not to redeem the "Xinzhi Convertible Bonds" early and will not exercise this right for the next three months, from October 16, 2025, to January 15, 2026 [2][8]. Group 2: Convertible Bond Issuance Overview - The company issued a total of 4,848,100 convertible bonds at a face value of 100 CNY each, raising a total of 484.81 million CNY, with trading commencing on November 2, 2022 [3]. - The bonds have a tiered interest rate structure, starting at 0.5% in the first year and increasing to 3.0% in the sixth year, with a maturity date of September 26, 2028 [3]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 10.70 CNY per share, which has been adjusted multiple times due to various corporate actions, with the latest adjustment bringing it to 10.56 CNY per share [4].

Core Viewpoint - The company, Xusheng Group, has triggered the redemption clause for its "Sheng 24 Convertible Bonds" due to its stock price closing above 130% of the conversion price for 15 consecutive days, leading to an early redemption decision by the board [1] Group 1 - The stock price reached 16.26 yuan per share, which is 130% of the conversion price [1] - The board has decided to redeem all unconverted convertible bonds at face value plus interest [1] - Investors who do not convert or trade in a timely manner may face significant losses [1]

Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. has announced that its convertible bond "Mingsheng Convertible Bond" is expected to meet the redemption conditions based on the stock price performance [2][14]. Convertible Bond Issuance and Trading - The company issued 3 million convertible bonds with a total amount of 300 million yuan, with a maturity of six years from September 12, 2023, to September 11, 2029, and a tiered interest rate structure [2][3]. - The initial conversion price was set at 42.72 yuan per share, which has been adjusted multiple times due to specific conditions, with the latest conversion price being 20.94 yuan per share [4][5][7]. Redemption Conditions - The redemption terms include a conditional redemption clause, which allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for a specified number of trading days [8][9]. - The company has previously triggered the redemption conditions but decided not to exercise the redemption rights in several instances to protect investor interests [11][12][13]. Current Stock Performance - As of the period from September 19 to October 10, 2025, the company's stock has closed above 130% of the current conversion price for 10 trading days, indicating a potential trigger for the redemption clause if the trend continues [2][14].

Core Viewpoint - The company has announced the early redemption of its convertible bonds, "华友转债," due to the stock price meeting the necessary conditions for redemption, which will take place on September 29, 2025 [1][2]. Redemption Announcement - The company’s board approved the early redemption of "华友转债" on August 29, 2025, and detailed the redemption process in subsequent announcements [2][3]. - The total amount to be redeemed is 8,543,522.93 yuan, including accrued interest, with a redemption price of 100.8918 yuan per bond [4][11]. Redemption Details - The redemption registration date is set for September 26, 2025, and all holders registered by this date will be eligible for redemption [3]. - The accrued interest for the bonds is calculated to be 0.8918 yuan per bond, leading to a total redemption price of 100.8918 yuan [5][7]. Impact on Company - As of the redemption registration date, the remaining balance of "华友转债" is 8,468,000 yuan, which represents 0.11% of the total issuance [8][12]. - The total stock capital will increase to 1,899,272,277 shares post-redemption, which may dilute earnings per share in the short term but is expected to enhance the company's capital strength and reduce the debt-to-asset ratio in the long run [12]. Share Conversion - By the redemption date, a total of 7,591,532,000 yuan of "华友转债" has been converted into A-shares, with 220,464,064 shares issued, accounting for 13.80% of the company's total shares before conversion [8][10]. Trading Suspension - "华友转债" will cease trading from September 24, 2025, and any unconverted bonds will be frozen and stop converting after the registration date [10].

Core Viewpoint - The company has announced the early redemption of its convertible bond "Jing 23 Convertible Bond" due to the stock price meeting the conditional redemption criteria, with significant implications for investors regarding conversion and redemption options [2][4][7]. Redemption Terms - The "Jing 23 Convertible Bond" will stop trading on September 26, 2025, with the last conversion date set for September 30, 2025 [2][15]. - The redemption price is set at 100.515 CNY per bond, which includes the face value and accrued interest [9][10]. - The accrued interest is calculated based on a 1.0% annual coupon rate over 188 days, resulting in 0.515 CNY per bond [9][10]. Conditional Redemption Trigger - The bond's conditional redemption was triggered as the stock price exceeded 130% of the conversion price for 15 trading days from August 20 to September 9, 2025 [4][7]. - The company’s board decided not to exercise the early redemption right previously but has now opted to redeem the bonds due to current market conditions and financial strategy [3][4]. Redemption Process - The redemption registration date is September 30, 2025, with the redemption payment date scheduled for October 9, 2025 [4][14]. - All bonds registered by the redemption date will be frozen and redeemed at the specified price [13][14]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, affecting the net amount received upon redemption [11][12]. - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds until December 31, 2025 [12]. Trading and Listing - The bonds will be delisted from the Shanghai Stock Exchange on October 9, 2025, following the completion of the redemption process [16].

Core Points - The company announces the redemption and delisting of "Huayou Convertible Bonds" [1] - The last trading day for "Huayou Convertible Bonds" is September 23, 2025, and trading will stop from September 24, 2025 [2][14] - The final conversion date is September 26, 2025, which is the last day for bondholders to convert their bonds into shares [3][14] - The bonds will be redeemed at a price of 100.8918 CNY per bond, which includes the face value and accrued interest [4][10] - The redemption date is set for September 29, 2025, when the bonds will be delisted from the Shanghai Stock Exchange [4][15] Redemption Conditions - The conditional redemption clause has been triggered as the company's stock price has been above 130% of the conversion price for 15 trading days [5][8] - The redemption will apply to all bondholders registered by the redemption registration date of September 26, 2025 [9] - The accrued interest is calculated based on the formula provided, resulting in an interest of 0.8918 CNY per bond [10] Important Dates - Last trading day: September 23, 2025 [6] - Last conversion day: September 26, 2025 [3][14] - Redemption registration date: September 26, 2025 [6] - Redemption payment date: September 29, 2025 [13] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.7134 CNY per bond after tax [16] - Qualified foreign institutional investors will receive the full redemption amount of 100.8918 CNY per bond without tax deductions [17]

Core Viewpoint - Jingxing Paper announced that the "Jingxing Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on October 22, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Group 1 - The company has set a deadline for bondholders to convert their "Jingxing Convertible Bonds" before the forced redemption [1] - Bondholders are advised to release any pledges or freezes on their "Jingxing Convertible Bonds" before the trading halt to avoid being unable to convert [1] - There may be a significant difference between the redemption price and the market price prior to the trading halt, which could lead to potential losses for investors who do not convert in time [1]

Core Viewpoint - Yunnan Enjie New Materials Co., Ltd. announced that its stock price has been above 130% of the conversion price of its convertible bonds for ten consecutive trading days, which may trigger the conditional redemption clause of the bonds [1] Summary by Relevant Sections - **Stock Performance**: The company's stock price has not been lower than 41.61 CNY per share (130% of the conversion price of 32.01 CNY) for ten consecutive trading days [1] - **Conditional Redemption Clause**: If the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days, the board of directors has the right to decide on the redemption of the convertible bonds at face value plus accrued interest [1]

Core Viewpoint - Shenzhen Jingwang Electronics Co., Ltd. has announced the early redemption of its "Jing 23 Convertible Bonds" due to the triggering of conditional redemption clauses, urging investors to take action before the deadline [1] Group 1 - The company will exercise its early redemption rights for the "Jing 23 Convertible Bonds" from August 20 to September 9, 2025, following the stock price triggering the redemption conditions [1] - The redemption registration date is set for September 30, with a redemption price of 100.515 CNY per bond, and the payment date for the redemption is October 9 [1] - The last trading day for the "Jing 23 Convertible Bonds" is September 25, and the last conversion day is September 30, after which the bonds will be delisted from the Shanghai Stock Exchange on October 9 [1] Group 2 - Investors who do not convert their bonds or sell them will face forced redemption of the unconverted portion, which may lead to significant losses [1] - The company advises bondholders to convert or sell their bonds within the specified period to mitigate investment risks [1]