Group 1 - Nanjing Bank and Hangzhou Bank have announced the delisting of their convertible bonds [1] - Nanjing Bank's convertible bond, "Nan Yin Convertible Bond," will be suspended from trading on July 15, with the last trading day on July 14 and the last conversion day on July 17 [2][3] - The latest closing price of Nan Yin Convertible Bond on June 16 was 142.836 yuan, with a redemption price of 100.1537 yuan, indicating a potential loss of 29.89% for investors who do not sell or convert in time [5][8] Group 2 - Hangzhou Bank's convertible bond, "Hang Yin Convertible Bond," is also subject to forced redemption, with a latest price of 146.02 yuan and a redemption price of 100.4932 yuan, leading to a potential loss of 31.18% for investors [10] - The last trading day for Hang Yin Convertible Bond is July 1, and the last conversion day is July 4 [10] - Nanjing Bank issued 20 billion yuan of Nan Yin Convertible Bond in June 2021, with 75.82% converted by June 13, 2025, leaving an unconverted balance of 4.836 billion yuan [8]

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors regarding corporate actions and market developments. Group 1: Corporate Actions - Jingjin Equipment's actual controller and chairman has been detained for investigation, but the company's operations remain normal and unaffected [3] - Xinhua Insurance plans to invest up to 15 billion yuan in a private equity fund to enhance long-term investment returns [4][5] - Bee Assistant intends to purchase 30% of its subsidiary, Guangdong Fengdang Technology, for 206 million yuan, increasing its ownership to 100% [7] - Duli Technology plans to acquire 52% of Kunshan Fagerland for approximately 91.47 million yuan, focusing on aluminum alloy casting components [9] - Lao Fengxiang's subsidiary plans to establish a wholly-owned subsidiary in Hong Kong with a registered capital of 200 million USD for overseas investments [16] Group 2: Stock Market Developments - *ST Jingfeng has had its delisting risk warning removed but continues to face other risk warnings, with its stock name changing to "ST Jingfeng" [6] - *ST Gongzhi's stock will be delisted, entering a 15-day trading period before the final delisting date [8] - Filinger's stock will resume trading after completing a verification process due to significant price fluctuations [10] - New North Ocean confirms that its operations are normal despite recent stock price volatility [11][12] - ST Xuefa maintains independence from its controlling shareholder, despite being under the same control [15] Group 3: Financial Updates - Jiuzhi Co. has set an inquiry transfer price of 14.62 yuan per share for a total of 2,330,880 shares [13] - Youzu Network's convertible bonds are expected to trigger redemption conditions based on stock price performance [17] - Xintian Pharmaceutical received a cash dividend of 15 million yuan from its wholly-owned subsidiary, which will increase its standalone net profit for 2025 [18] Group 4: Shareholder Actions - Xiehe Electronics' shareholders plan to reduce their holdings by a total of up to 88,000 shares [19] Group 5: Major Contracts - China Electric Power Construction's subsidiary won a 10.77 billion yuan EPC contract for an offshore wind power project [20]

Core Viewpoint - The company, Guangdong Hongqiang New Materials Co., Ltd., has announced that its stock price has been above 130% of the current conversion price for 10 trading days, which may trigger the conditional redemption clause of its convertible bonds [1][3][4] Group 1: Convertible Bond Basic Information - The company has issued convertible bonds with a total amount of 316 million yuan, with a face value of 100 yuan per bond [1] - The initial conversion price is set at 10.89 yuan per share, and the conversion period is from April 24, 2024, to October 17, 2029 [1] Group 2: Conditional Redemption Clause - The company has the right to redeem all or part of the unconverted convertible bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [2][4] - The redemption price will be the face value plus accrued interest, calculated based on the formula provided in the announcement [2] Group 3: Current Stock Performance - From May 12 to May 23, 2025, the company's stock has closed at or above 13.96 yuan per share, which is 130% of the current conversion price [3][4]

Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, despite meeting the conditions for redemption, to protect investor interests and due to existing financial commitments [2][6]. Group 1: Convertible Bond Redemption - The company's stock has met the condition of having at least 15 trading days with closing prices not lower than 130% of the current conversion price over a 30-day period from April 29, 2025, to May 22, 2025, triggering the redemption clause for the "Run Da Convertible Bonds" [2][5]. - The board of directors unanimously agreed not to redeem the "Run Da Convertible Bonds" early during a meeting held on May 22, 2025, considering current market conditions and financial arrangements [6][7]. - The company will not exercise the early redemption rights for the next three months, from May 23, 2025, to August 22, 2025, even if the redemption conditions are met again [2][6]. Group 2: Convertible Bond Issuance Overview - The company issued 5,500,000 convertible bonds on June 17, 2020, with a total amount of 55 million yuan and a maturity of six years, with varying interest rates from 0.3% to 2.0% over the term [3][4]. - The initial conversion price was set at 13.36 yuan per share, which has been adjusted multiple times due to profit distributions, currently standing at 13.10 yuan per share as of July 18, 2023 [3][4]. Group 3: Related Party Transactions - The company's actual controllers, major shareholders, and senior management have not held "Run Da Convertible Bonds" in the six months prior to the redemption conditions being met and have no plans to reduce their holdings in the next six months [7].

Group 1 - The company issued 330,000 convertible bonds with a total amount of 33 million yuan, with a maturity of 6 years and a tiered interest rate starting from 0.4% in the first year to 3.0% in the sixth year [2] - The initial conversion price was set at 13.88 yuan per share, which has been adjusted multiple times due to profit distribution and capital reserve conversion [2][3] - The latest adjustment of the conversion price is from 7.68 yuan to 7.45 yuan, effective from June 7, 2024 [3] Group 2 - The company has a conditional redemption clause for the convertible bonds, which can be triggered if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [4] - 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 [4][6] - As of May 20, 2025, the stock price has met the condition for triggering the redemption clause, with 10 trading days above the threshold [6]

Core Viewpoint - Zhejiang Hongchang Electric Technology Co., Ltd. has announced that its stock price has remained above 130% of the current conversion price of its convertible bonds, potentially triggering the conditional redemption clause of the "Hongchang Convertible Bonds" [1][6]. Group 1: Convertible Bond Basic Information - The company issued 3.8 million convertible bonds with a total value of 380 million yuan, netting 374.16 million yuan after expenses [2]. - The bonds were listed on the Shenzhen Stock Exchange on August 30, 2023, under the name "Hongchang Convertible Bonds" and code "123218" [2]. - The conversion period for the bonds is from February 19, 2024, until the maturity date [2]. Group 2: Conversion Price Adjustment - The board of directors has approved a downward adjustment of the conversion price to 28.00 yuan per share, effective from March 12, 2024 [3]. - The board decided not to further adjust the conversion price for six months following the recent decision, with a potential review after October 14, 2024 [3]. Group 3: Conditional Redemption Clause - 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 consecutive trading days [6]. - As of May 16, 2025, the stock price has met this condition for 10 trading days, indicating a possibility of triggering the redemption clause if the trend continues [6].