Core Viewpoint - The legal opinion from Beijing Tianyuan Law Firm confirms that Zhuzhou Feilu High-tech Materials Technology Co., Ltd. has met the necessary conditions for the early redemption of its convertible bonds, known as Feilu Convertible Bonds, in accordance with relevant laws and regulations [1][11]. Group 1: Issuance and Approval of Convertible Bonds - The company has received internal approvals and authorizations for the issuance of convertible bonds [3][9]. - The total amount of the convertible bonds issued is 177 million yuan, with a maturity of 6 years, and they were listed on the Shenzhen Stock Exchange on July 3, 2020 [8][9]. Group 2: Redemption Conditions - The redemption conditions are defined by the Management Measures, Regulatory Guidelines, and the Offering Prospectus, allowing the company to redeem the bonds under specific circumstances [10][11]. - The company can redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining balance of the bonds is less than 30 million yuan [10][11]. Group 3: Compliance with Disclosure and Decision-Making Procedures - The company has fulfilled the necessary information disclosure and decision-making procedures required for the redemption of the bonds [12][11]. - A prompt announcement was made regarding the potential fulfillment of the redemption conditions, and the board of directors has approved the exercise of the redemption right [12][11]. Group 4: Conclusion - The legal opinion concludes that the company has satisfied all applicable conditions for the early redemption of the convertible bonds and must continue to fulfill disclosure obligations as per regulatory guidelines [11][12].

Summary of Key Points Core Viewpoint - The company, Jiangsu Henghui Security Co., Ltd., is proceeding with the early redemption of its convertible bonds, "Henghui Convertible Bonds," following the approval of its board of directors and in compliance with relevant regulations [6][7]. Group 1: Convertible Bond Issuance and Listing - The company issued 5 million convertible bonds at a face value of 100 RMB each, raising a total of 500 million RMB [1]. - The bonds were listed on the Shenzhen Stock Exchange on September 12, 2024, under the name "Henghui Convertible Bonds" with the code "123248" [2]. - The initial conversion price was set at 18.26 RMB per share, which will be adjusted to 18.11 RMB per share effective May 30, 2025, due to the company's annual equity distribution [2][3]. Group 2: Conditional Redemption Terms and Triggering Conditions - The bonds have conditional redemption terms that allow the company to redeem them if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining unconverted bonds are less than 30 million RMB [2][3]. - The company triggered the redemption conditions between June 20, 2025, and July 10, 2025, as the stock price met the required criteria [3]. Group 3: Redemption Implementation Arrangements - The redemption price is set at 100.19 RMB per bond, which includes accrued interest calculated based on a 0.20% interest rate for the first year [3][4]. - The redemption will be executed for all bondholders registered by the close of trading on July 31, 2025, with funds transferred to their accounts on August 8, 2025 [4][6]. - Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange [4]. Group 4: Trading Activity of Key Stakeholders - Key stakeholders, including the actual controller and major shareholders, engaged in trading the bonds within six months prior to the redemption conditions being met, with specific holdings detailed [5][6]. - The total number of bonds held by these stakeholders before the redemption conditions were met amounted to 3,448,518 [5]. Group 5: Approval and Compliance - The board of directors approved the early redemption of the bonds on July 10, 2025, and authorized management to handle all related matters [6]. - The sponsor, Huatai United Securities, confirmed that the redemption process complies with relevant laws and regulations [7].

Group 1 - The company held an emergency board meeting on July 9, 2025, to discuss the early redemption of its convertible bonds [1] - The stock price of the company has been above 130% of the conversion price for at least 15 out of the last 30 trading days, triggering the conditional redemption clause [1] - The board unanimously approved the decision to exercise the early redemption rights for the "Zhite Convertible Bonds" [2] Group 2 - The management has been authorized to handle all matters related to the redemption of the "Zhite Convertible Bonds" [2] - The decision was supported by the sponsor institution, Guosen Securities Co., Ltd., which provided a verification opinion on the proposal [2] - The voting results showed 9 votes in favor, with no opposition or abstentions [2]

Group 1 - The law firm Beijing Zhonglun (Shenzhen) has been commissioned by Jiangxi Zhite New Materials Co., Ltd. to provide legal advice regarding the early redemption of its convertible bonds [1][2] - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and the Management Measures for Convertible Bonds [1][3] - The law firm confirms that all statements and documents provided by the company regarding the redemption are accurate and complete, with no false or misleading information [2][3] Group 2 - The issuance and listing of the convertible bonds were approved by the company's board and independent directors, and the application was approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [4][5] - The convertible bonds were listed on April 21, 2023, with an initial conversion price of 41.08 yuan per share [6][14] - The company has met the redemption conditions as specified in the offering prospectus, including the stock price performance over a specified trading period [6][11] Group 3 - The company’s board has approved the early redemption of the convertible bonds, and the management has been authorized to handle all related matters [11][12] - The legal opinion concludes that the redemption process complies with relevant regulations and that the company must fulfill its information disclosure obligations [12][14]

Core Viewpoint - Jiangsu Pacific Precision Forging Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Precision Convertible Bonds," at a price of 100.45 yuan per bond, including accrued interest, due to the triggering of conditional redemption clauses based on stock price performance [1][2][6]. Group 1: Convertible Bond Redemption Details - The redemption price for "Precision Convertible Bonds" is set at 100.45 yuan per bond, which includes an accrued interest of approximately 0.45 yuan per bond calculated based on a 1.0% annual interest rate over 166 days [1][7]. - The conditional redemption clause was triggered as the company's stock price closed at or above 130% of the bond's conversion price of 9.46 yuan per share for at least 15 trading days within a 30-day period [2][6]. - The company issued 9.8 million convertible bonds at a total amount of 980 million yuan, with a net fundraising amount of approximately 968.13 million yuan after deducting issuance costs [2][3]. Group 2: Bond Conversion and Price Adjustments - The initial conversion price for the bonds was set at 13.09 yuan per share, which was adjusted to 12.97 yuan per share after a cash dividend distribution on June 9, 2023 [3][4]. - The conversion price was further adjusted to 9.46 yuan per share following a downward revision approved by the board on January 13, 2025 [5][6]. - The conversion period for the bonds is from August 21, 2023, to February 14, 2029, allowing bondholders to convert their bonds into shares during this timeframe [3][6]. Group 3: Redemption Process and Timeline - The redemption process will involve all bondholders registered with China Securities Depository and Clearing Corporation by the close of trading on July 30, 2025, with the redemption funds expected to be transferred to their accounts shortly thereafter [7][8]. - Following the completion of the redemption, "Precision Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1][8]. - The company has provided contact information for inquiries regarding the redemption process, including a dedicated phone number and email address [8].

Group 1 - The company, Jiangsu Pacific Precision Forging Technology Co., Ltd., has decided to exercise the early redemption rights of its convertible bonds, known as "Precision Convertible Bonds" [1][11] - The total amount of the convertible bonds issued was 980,000 units, with a face value of 100 yuan each, resulting in a total issuance amount of 98 million yuan, and a net fundraising amount of approximately 96.81 million yuan after deducting issuance costs [2][3] - The initial conversion price of the convertible bonds was set at 13.09 yuan per share, which was adjusted to 12.97 yuan per share after a cash dividend distribution [3][4] Group 2 - The company has established conditional redemption clauses for the convertible bonds, which can be triggered if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [8] - The redemption price for the bonds is calculated based on the face value plus accrued interest, with the accrued interest for each bond calculated to be 0.45 yuan, leading to a total redemption price of 100.45 yuan per bond [9] - The company’s board of directors has approved the early redemption of the convertible bonds, and the management has been authorized to handle all related matters [11][12]

Group 1 - The company held its 22nd meeting of the 6th Board of Directors on June 27, 2025, where all 9 directors participated and approved the resolution for early redemption of "HuaFeng Convertible Bonds" [2][3] - The decision to redeem the bonds was triggered as the company's stock price was above 130% of the conversion price for 15 consecutive trading days, meeting the conditions set forth in the bond issuance terms [11][12] - The redemption price for the bonds is set at 101.764 yuan per bond, which includes accrued interest at an annual rate of 2.8% [7][14] Group 2 - The bonds will stop trading on July 17, 2025, with the redemption registration date set for July 21, 2025, and the actual redemption date on July 22, 2025 [7][20] - After the redemption, the "HuaFeng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [20] - The company will ensure that all bondholders receive their redemption payments by July 29, 2025 [21]

Core Viewpoint - The company, Jiangsu Jinling Sports Equipment Co., Ltd., is set to redeem its convertible bonds ahead of schedule due to the stock price meeting the necessary conditions for redemption as outlined in the bond's terms [1][12]. Summary by Sections Convertible Bond Basic Information - The company issued 250 million yuan (25,000,000) of convertible bonds on February 18, 2021, with a maturity of six years and a face value of 100 yuan per bond [1][2]. - The bonds are listed on the Shenzhen Stock Exchange under the name "Jinling Convertible Bonds" with the code "123093" [2]. - The conversion period for the bonds is from July 26, 2021, to January 18, 2027 [2]. Conversion Price Adjustments - The conversion price was adjusted from 49.29 yuan to 49.19 yuan on June 9, 2021, following a cash dividend distribution [2][3]. - Subsequent adjustments were made, with the conversion price changing to 49.09 yuan on June 9, 2022, and to 48.97 yuan on June 9, 2023 [3][4]. - The latest adjustment set the conversion price to 48.82 yuan on June 7, 2024, and further down to 20.00 yuan on November 18, 2024 [4][5]. Conditional Redemption Terms - The bonds have a conditional redemption clause that 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 [6][7]. - The bond's coupon rates are structured to increase over the six-year term, starting at 0.5% in the first year and reaching 4.0% in the sixth year [8]. Redemption Implementation - The redemption price is set at 101.726 yuan per bond, which includes the face value and accrued interest [9]. - The redemption will be executed for all bondholders registered by the redemption date of July 17, 2025, and the bonds will be delisted from the exchange post-redemption [9][10]. - The company has confirmed that there were no transactions of the bonds by major stakeholders in the six months leading up to the redemption conditions being met [11]. Board Approval for Redemption - The company's board and supervisory committee approved the early redemption of the bonds on June 25, 2025, after confirming that the stock price conditions for redemption were satisfied [12].

Core Viewpoint - Jiangsu Jinling Sports Equipment Co., Ltd. has triggered the conditional redemption clause of its convertible bonds, and the redemption process complies with relevant regulations and internal decision-making procedures [10]. Group 1: Redemption Conditions - The redemption of the convertible bonds is based on the conditions set forth in the "Management Measures" and "Self-Regulatory Guidelines" [8]. - The company has met the redemption conditions as the closing price of its stock has been above 130% of the current conversion price for 15 consecutive trading days [6][7]. Group 2: Issuance and Approval - The issuance of the convertible bonds was approved by the China Securities Regulatory Commission (CSRC) and listed on the Shenzhen Stock Exchange [4][5]. - The total amount of the convertible bonds issued was 250 million yuan, equivalent to 2.5 billion yuan, and they were listed on February 18, 2021 [5]. Group 3: Decision-Making and Disclosure - The company has followed the necessary decision-making procedures and disclosed relevant information regarding the redemption in accordance with the "Management Measures" and "Self-Regulatory Guidelines" [9][10]. - The board of directors has approved the redemption proposal, and the company has announced the decision to exercise the redemption right [9].

Core Viewpoint - Tianyang Hongye Technology Co., Ltd. is set to redeem its convertible bonds early, having met the necessary conditions as outlined in its offering documents and relevant regulations [11][12][13]. Group 1: Redemption Conditions - The company has issued a total of 975 million yuan in convertible bonds, with a face value of 100 yuan each, which began trading on April 18, 2023 [4][5]. - The redemption conditions specified in the offering document include scenarios where the company's stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [6][11]. - The initial conversion price was set at 14.92 yuan per share, which was later adjusted to 11.71 yuan per share due to various corporate actions [7][10]. Group 2: Legal Compliance and Approval - The legal opinion confirms that the company has complied with the necessary legal frameworks, including the Securities Law and the Company Law, in executing the redemption [2][12]. - The company has conducted the required internal approvals and disclosures, ensuring that all procedures align with the self-regulatory guidelines [12][14]. - The company is obligated to continue disclosing relevant information to the market regarding the redemption process as per regulatory requirements [12][13].