Group 1 - The company has triggered the conditional redemption clause for its convertible bonds due to the stock price being above 130% of the conversion price for at least 15 trading days [2][5] - The company issued 3,965,716 convertible bonds at a face value of 100 RMB each, raising a total of approximately 396.57 million RMB, with a net amount of about 391.38 million RMB after deducting issuance costs [2][3] - The convertible bonds will be redeemed at a price of 100.260 RMB per bond, which includes accrued interest calculated based on a 1.00% interest rate [1][6] Group 2 - The conversion price for the bonds has been adjusted from 26.69 RMB to 26.43 RMB, and further adjustments are scheduled, with the latest being 26.06 RMB effective from June 20, 2025 [3][4] - The redemption process will involve all bondholders registered with China Securities Depository and Clearing Corporation as of September 29, 2025 [6][8] - The company has confirmed that there have been no transactions involving the convertible bonds by major shareholders and executives in the six months prior to the redemption conditions being met [8][9]

Core Viewpoint - The company has decided to exercise its right to redeem the "Jinxian Convertible Bonds" early due to the stock price exceeding the specified threshold, aiming to reduce interest expenses and improve capital efficiency [2][5][6]. Group 1: Convertible Bond Redemption Details - The "Jinxian Convertible Bonds" will be redeemed at a price of 100.41 CNY per bond, which includes accrued interest [6][7]. - The redemption is triggered as the stock price has been above 130% of the conversion price for 15 trading days [2][5]. - The redemption process will conclude with the bonds being delisted from the Shenzhen Stock Exchange [7][9]. Group 2: Bondholder Information - Bondholders are advised to convert their bonds before the redemption date to avoid potential losses [1][2]. - The conversion price has been adjusted to 9.35 CNY per share as of the latest announcement [5][6]. - Bondholders with pledged or frozen bonds should resolve these issues before the conversion deadline [1][2]. Group 3: Financial Implications - The company aims to lower financial costs and improve the efficiency of fund utilization through this redemption [2][5]. - The total amount raised from the issuance of the convertible bonds was 202.51 million CNY [2][3].

Core Viewpoint - Shenzhen Mingyang Circuit Technology Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to the decision to redeem the bonds early [2][10]. Group 1: Convertible Bond Redemption - The company has decided to exercise its right to redeem the "Mingdian Convertible Bonds" early, as the stock price has met the condition of being at least 130% of the conversion price for 15 out of 30 trading days [2][10]. - The redemption price for the bonds is set at 101.83 yuan per bond, which includes accrued interest [10][11]. - The redemption will be completed by September 8, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange thereafter [11][12]. Group 2: Bond Issuance and Terms - The "Mingdian Convertible Bonds" were issued with a total amount of 673 million yuan, with a face value of 100 yuan per bond [2][3]. - The initial conversion price was set at 24.23 yuan per share, which has been adjusted multiple times, with the latest adjustment bringing it down to 11.91 yuan per share [3][7][9]. - The bonds were listed on the Shenzhen Stock Exchange on January 5, 2021, under the code "123087" [3][4]. Group 3: Interest and Taxation - The bonds carry an annual interest rate of 2.5%, and the accrued interest is calculated based on the formula provided in the bond issuance documents [10]. - The company will not withhold taxes on the interest income for bondholders [10].

Core Viewpoint - Dongjie Intelligent Technology Group Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for a specified period, leading to a decision to redeem the bonds early to reduce interest expenses and improve capital efficiency [2][6]. Group 1: Convertible Bond Redemption - The redemption price for the "Dongjie Convertible Bonds" is set at 100.95 CNY per bond, including accrued interest [1][7]. - The company’s stock price has been above 10.465 CNY (130% of the conversion price of 8.05 CNY) for 15 trading days from July 30, 2025, to August 19, 2025, triggering the redemption clause [2][6]. - The board of directors approved the early redemption of the bonds on August 19, 2025, to lower financial costs [2][3]. Group 2: Bond Issuance and Terms - The company issued 5.7 million convertible bonds at a face value of 100 CNY each, raising a total of 570 million CNY [3]. - The bonds were listed on the Shenzhen Stock Exchange on November 4, 2022, under the code "123162" [3]. - The conversion period for the bonds is from April 20, 2023, to October 13, 2028 [3]. Group 3: Redemption Process - The redemption will be executed for all bondholders registered by the close of trading on September 25, 2025 [7]. - The redemption amount will be credited to the bondholders' accounts by October 13, 2025 [7]. - The company will publish the redemption results and delisting announcement in the media [8].

Core Viewpoint - Yantai Zhenghai Magnetic Materials Co., Ltd. has decided to exercise the early redemption of its convertible bonds ("Zhenghai Convertible Bonds") due to the stock price meeting the conditions for redemption, aiming to reduce interest expenses and improve capital efficiency [2][4]. Group 1: Convertible Bond Overview - The company issued 14 million convertible bonds at a face value of 100 yuan each, totaling 1.4 billion yuan, approved by the China Securities Regulatory Commission [2][3]. - The initial conversion price was set at 13.23 yuan per share, which has been adjusted due to annual profit distribution plans [3][4]. Group 2: Redemption Conditions and Trigger - The redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [4][6]. - From July 25 to August 22, 2025, the stock price met the redemption condition, triggering the early redemption [2][4]. Group 3: Redemption Details - The redemption price is set at 100.50 yuan per bond, which includes accrued interest calculated based on a 0.60% annual interest rate [5][6]. - The redemption process will commence on September 17, 2025, with the bonds ceasing to trade on the Shenzhen Stock Exchange [5][6]. Group 4: Shareholder Transactions - Company executives, including the CFO and Vice Presidents, have engaged in trading the convertible bonds within six months prior to the redemption condition being met, with specific trading volumes disclosed [6][7].

Core Viewpoint - The company, Honghui Fruits and Vegetables Co., Ltd., has decided to exercise its early redemption rights for the "Honghui Convertible Bonds" due to the fulfillment of specific conditions outlined in the bond agreement [1][5]. Group 1: Convertible Bond Issuance - The company issued 3.32 million convertible bonds with a total value of 332 million yuan, each with a face value of 100 yuan, on February 26, 2020 [1]. - The bonds have a maturity period of 6 years, with a tiered interest rate starting from 0.4% in the first year to 3.0% in the sixth year [1]. Group 2: Listing and Conversion Terms - The bonds were listed on the Shanghai Stock Exchange on March 16, 2020, under the name "Honghui Convertible Bonds" with the code "113565" [2]. - The conversion period for the bonds is from September 3, 2020, to February 2026, with an initial conversion price of 14.61 yuan per share, which has been adjusted to 5.85 yuan per share as of June 20, 2023 [2][3]. Group 3: Redemption Conditions - The company has the right 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, or if the total unconverted amount is less than 30 million yuan [4]. - The redemption condition was triggered between July 24, 2025, and August 27, 2025, as the stock price met the required threshold of 7.61 yuan per share [4]. Group 4: Board Decision and Compliance - The company's board of directors approved the early redemption of the bonds on August 27, 2025, and authorized management to handle all related matters [4][5]. - The underwriting institution confirmed that the redemption process complies with relevant regulations and the bond agreement [6].

Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. is proceeding with the early redemption of its convertible bonds, having met the necessary conditions as outlined in relevant regulations and its offering documents [4][11]. Group 1: Issuance and Approval of Convertible Bonds - The company received approval from the China Securities Regulatory Commission (CSRC) to publicly issue convertible bonds totaling 515 million yuan, with a maturity period from December 2, 2022, to December 1, 2028 [5][6]. - The convertible bonds were issued at a face value of 100 yuan each, totaling 5,150,000 bonds, and were listed on the Shenzhen Stock Exchange on January 10, 2023 [6][7]. Group 2: Redemption Conditions - The redemption conditions specified in the offering document allow the company to redeem the bonds if the stock price remains above 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][10]. - The initial conversion price was set at 15.65 yuan per share, which was subsequently adjusted to 15.45 yuan and then to 13.91 yuan due to market conditions [8][9]. Group 3: Board Decision and Compliance - The company's board of directors has decided to exercise the early redemption option based on the fulfillment of the redemption conditions and has authorized management to handle the related matters [11][12]. - The company has complied with the necessary internal approval processes and disclosure obligations as required by the applicable regulations [11].

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has decided to exercise its right to redeem its convertible bonds ahead of schedule, as the conditions for redemption have been met according to the relevant regulations and the company's internal approvals [9][10]. Group 1: Redemption Conditions - The company has met the redemption conditions as stipulated in the relevant laws and the prospectus, allowing it to redeem the unconverted convertible bonds at the face value plus accrued interest [9][10]. - The redemption is based on the condition that the closing price of the company's stock has been at least 130% of the current conversion price for 15 trading days [6][8]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times, with the current conversion price being 9.20 yuan per share [8]. Group 2: Approval Process - The company has obtained the necessary internal approvals for the redemption, including resolutions from the board of directors and compliance with the self-regulatory guidelines [9][10]. - The board of directors has authorized the management to handle all matters related to the redemption process [9]. - The redemption has been approved in accordance with the relevant regulations and the company's internal governance procedures [10]. Group 3: Legal Opinion - The legal opinion confirms that the redemption of the convertible bonds is in compliance with the applicable laws, regulations, and the company's prospectus [9][10]. - The law firm has verified the authenticity and completeness of the documents provided by the company, ensuring that there are no misleading statements or omissions [2][3]. - The legal opinion serves as a necessary document for the redemption process and is intended solely for this purpose [3].

Core Viewpoint - The company has decided to exercise the early redemption of its convertible bonds "奇正转债" due to current market conditions and its own situation, with the redemption process set to take place shortly [2][6]. Group 1: Convertible Bond Details - The company issued 8 million convertible bonds at a face value of 100 RMB each, totaling 800 million RMB, which began trading on October 27, 2020 [2]. - The bond's conversion period started on March 29, 2021, and will end on September 21, 2026 [2]. - The current redemption price for "奇正转债" is set at 101.701 RMB per bond, which includes accrued interest [8]. Group 2: Redemption Conditions - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days within a 30-day period [6]. - The redemption will occur on September 2, 2025, after which the bonds will be delisted from the Shenzhen Stock Exchange [9]. Group 3: Shareholder Transactions - The company's major shareholders, including the actual controller and those holding over 5% of shares, did not engage in any transactions involving "奇正转债" in the six months leading up to the redemption conditions being met [9]. Group 4: Redemption Process - Bondholders must submit their conversion requests through the securities company that holds their bonds, and the conversion must be in whole shares [10]. - The redemption funds will be credited to the bondholders' accounts on September 10, 2025 [9].

Group 1 - The company, Yantai Zhenghai Magnetic Material Co., Ltd., has decided to redeem its convertible bonds, known as "Zhenghai Convertible Bonds," ahead of schedule, following necessary legal procedures and board approval [5] - The total amount of the convertible bonds issued was 1,400,000 units, with a total value of 1,400 million yuan, and they were listed on the Shenzhen Stock Exchange on December 12, 2022 [1][2] - The conversion period for the bonds started on May 29, 2023, and will last until the maturity date on November 22, 2028, with an initial conversion price set at 12.63 yuan per share [2][3] Group 2 - The company has specific conditions under which it can redeem the bonds, including if the stock price remains above 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 [2][4] - The decision to redeem the bonds was made to reduce interest expenses and improve capital efficiency, as approved by the company's board of directors [4][5] - Prior to the redemption conditions being met, certain executives of the company engaged in trading the bonds, but no other significant shareholders or executives traded the bonds during the specified period [4]