Group 1 - The announcement from Spring Airlines Electronics states that the last conversion date for "Spring Convertible Bonds" is November 6, 2025, with only one trading day left before this date [2] - After the early redemption is completed, "Spring Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting November 7, 2025 [2] - Investors holding "Spring Convertible Bonds" can either trade in the secondary market within the specified time or convert at a price of 10.50 CNY per share, otherwise, they will face forced redemption at a price of 100 CNY per bond plus accrued interest, totaling 101.701 CNY per bond [2]

Core Viewpoint - Several convertible bonds are experiencing significant declines as they approach their last trading days, highlighting the importance of understanding the details and investment risks associated with these bonds [1][2]. Summary by Sections Convertible Bond Performance - Tongguang Convertible Bond fell by 5.29% on October 29, following a 16.06% drop on October 28, marking four consecutive days of decline. October 29 is its last trading day, with forced redemption at 113 RMB per bond if not converted by November 3, leading to a potential loss of 6.3% based on the closing price of 120.602 RMB [3][4]. - Fushi Convertible Bond closed at 137.805 RMB, down approximately 17% from its historical high in September. It also has its last trading day on October 29, with forced redemption at 100.19 RMB per bond, resulting in a potential loss of 27.30% if not converted [4]. - Changji Convertible Bond has been declining since an early redemption announcement on October 14, with a current price of 117.358 RMB. If not redeemed by November 3, it will be redeemed at 101.151 RMB, leading to a potential loss of 13.81% [5]. - Enjie Convertible Bond has dropped 20.58% from its October high of 160.8 RMB, currently priced at 127.714 RMB. If not converted by the last trading day on October 30, it will be redeemed at 101.44 RMB, resulting in a loss of 20.57% [5]. Market Trends - Despite the overall decline in many convertible bonds, some have shown resilience and even increased in value due to the strong performance of the equity market [6]. Important Considerations - Investors holding convertible bonds nearing their last trading days should consider options such as selling, waiting for redemption, or converting to stocks. Companies typically remind bondholders to convert before trading stops [8]. - For convertible bonds issued by companies on the ChiNext board, investors must have the appropriate trading permissions to convert their bonds into stocks, highlighting the risk of being unable to convert [8]. - Upcoming convertible bonds entering their last trading days include Niutai Convertible Bond on October 30, Chunqiu Convertible Bond on November 3, Sheng24 Convertible Bond on November 10, Chenfeng Convertible Bond on November 17, and Hengbang Convertible Bond on November 24 [8].

Group 1 - The company, Anji Microelectronics Technology (Shanghai) Co., Ltd., has issued convertible bonds named "Anji Convertible Bonds" with a total issuance amount of 83,050 million RMB, consisting of 8,305,000 bonds at a face value of 100 RMB each, with a term of 6 years [2][3] - The convertible bonds will be listed and traded on the Shanghai Stock Exchange starting from April 25, 2025, under the bond code "118054" [2][3] - The conversion period for the bonds will begin on October 13, 2025, and will last until the maturity date on April 6, 2031 [3] Group 2 - Investors participating in the convertible bond conversion must meet the suitability requirements for investors in the Sci-Tech Innovation Board; otherwise, they will not be able to convert their bonds into company shares [4] - The company emphasizes the risk that investors who do not meet the suitability requirements may face, which could prevent them from converting their bonds [4] Group 3 - For detailed information regarding the "Anji Convertible Bonds," investors are encouraged to refer to the prospectus disclosed on the Shanghai Stock Exchange website on April 2, 2025 [5]

Key Points - The company, Yongxi Electronics (Ningbo) Co., Ltd., has announced the issuance of convertible bonds named "Yongxi Convertible Bonds" with a total amount of RMB 1,165 million, which will be convertible into company shares starting from January 2, 2026 [1][2] - The bonds have a maturity period of 6 years, with a face value of RMB 100 per bond, and a total issuance of 11,650,000 bonds [1][2] - The net proceeds from the bond issuance, after deducting issuance costs of RMB 13.7 million, amount to RMB 1,151.3 million [1] - Investors must meet the suitability requirements for investing in stocks on the Sci-Tech Innovation Board to convert their bonds into shares; otherwise, they will face risks of not being able to convert their bonds [2] - The conversion period for the bonds will last from January 2, 2026, until the maturity date on June 25, 2031 [2]