Core Viewpoint - The company has issued convertible bonds with specific terms and conditions, including a redemption clause based on stock performance and price adjustments over time [2][3][6]. Group 1: Convertible Bond Basic Information - The company issued 15.2 million convertible bonds at a face value of 100 yuan each, raising a total of 152 million yuan, with an initial conversion price of 11.36 yuan per share [3]. - The bonds were approved by the China Securities Regulatory Commission and began trading on October 11, 2022 [3]. - The conversion period for the bonds is from February 23, 2023, to August 16, 2028 [4]. Group 2: Conversion Price Adjustments - The conversion price was adjusted from 11.36 yuan to 11.06 yuan on May 16, 2023, following the company's annual equity distribution [5]. - A further adjustment reduced the conversion price to 10.96 yuan effective October 29, 2024 [5]. - The conversion price was again adjusted to 10.76 yuan effective June 26, 2025 [6]. Group 3: Conditional Redemption Clause - The company has a conditional redemption clause that allows it to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [6][8]. - The stock price must reach at least 13.99 yuan (130% of 10.76 yuan) during the specified period from October 24 to November 6, 2025, for the redemption clause to be triggered [7][8]. Group 4: Investor Information - Investors are encouraged to review the full prospectus for the convertible bonds issued on August 13, 2022, for detailed information [9].

Core Points - The company announces the redemption of its convertible bonds, "Montai Convertible Bonds," with the last conversion date set for October 29, 2025 [2][3][6] - The redemption price is set at 101.19 yuan per bond, including accrued interest, with a current annual interest rate of 1.20% [5][17] - The company has triggered the conditional redemption clause due to the stock price being above 130% of the conversion price for 15 trading days [7][13] Group 1: Redemption Details - The last conversion date for "Montai Convertible Bonds" is October 29, 2025, after which unconverted bonds will be forcibly redeemed [2][3] - The bonds will stop trading on October 27, 2025, and the redemption date is October 30, 2025 [5][20] - The redemption funds will be credited to investors' accounts by November 6, 2025 [5][20] Group 2: Conversion and Trading Information - Investors must have access to the ChiNext trading platform to convert their bonds into stocks [3][6] - The initial conversion price was set at 26.15 yuan per share, later adjusted to 23.47 yuan per share [9][12] - The company issued 3,000,000 convertible bonds, raising a total of 300 million yuan [25][26] Group 3: Impact on Shareholding Structure - The conversion of bonds has led to an increase in total share capital, resulting in a dilution of the controlling shareholder's equity from 56.92% to 55.25% [24][26] - This dilution does not involve any change in the number of shares held by the controlling shareholders and does not affect the company's governance structure [24][27]

Summary of Key Points Core Viewpoint - Guangzhou Lushan New Materials Co., Ltd. is expected to trigger the redemption clause of its convertible bonds ("Lushan Convertible Bonds") if its stock price continues to meet specific conditions over the next trading days [2][9]. Group 1: Convertible Bond Issuance and Conditions - The company issued 5,240,000 convertible bonds at a price of RMB 100 each, raising a total of RMB 52.4 million, with a maturity of six years [3]. - The initial conversion price was set at RMB 59.08 per share, which has been adjusted to RMB 16.05 per share as of August 8, 2025 [3][5]. - The redemption clause can be triggered if the stock price remains above 130% of the conversion price for a specified number of trading days [2][9]. Group 2: Redemption Clause Details - The company has the right to redeem all or part of the unconverted bonds if the stock price conditions are met, specifically if the stock price is above RMB 20.865 for a certain number of trading days [2][10]. - The redemption price will be the face value of the bonds plus accrued interest [10]. Group 3: Financial Guarantees - The company has provided a guarantee of RMB 21 million for its wholly-owned subsidiary, Jiangsu Lushan New Materials Co., Ltd., with a total guarantee balance of RMB 20.41358 million as of the announcement date [13][16]. - The total external guarantee limit approved by the company's annual shareholders meeting is RMB 2.6 billion, which is 166.69% of the company's latest audited net assets [13][23].

Core Points - The company has issued convertible bonds known as "Keda Convertible Bonds" with a total issuance amount of 516 million yuan, and the bonds are set to mature in 2026 [3][4] - The current conversion price for the bonds is 6.38 yuan per share, which has been adjusted multiple times due to various corporate actions [3][4][5] - If the company's stock price remains above 130% of the conversion price for a specified period, the company may choose to redeem the bonds [2][7] Summary of Convertible Bond Issuance - The company received approval from the China Securities Regulatory Commission to issue 516 million convertible bonds, with a face value of 100 yuan each, totaling 51.6 million yuan [3] - The bonds were listed on the Shanghai Stock Exchange on April 8, 2020, and can be converted into common stock starting from September 14, 2020 [3] - The initial conversion price was set at 14.88 yuan per share, which has been adjusted down to 6.38 yuan per share as of January 24, 2025 [3][4][5] Conditional Redemption Terms - The company has outlined conditions under which it may redeem the convertible bonds, including if the stock price exceeds 130% of the conversion price for at least 15 out of 30 trading days [5][7] - The company has indicated that from August 25 to September 10, 2025, the stock price has met the criteria for potential redemption [2][7] - The board of directors will decide whether to redeem the bonds based on the conditions set forth in the offering prospectus [5][7]

Core Viewpoint - Suzhou Keda Technology Co., Ltd. has announced that its convertible bond, "Keda Convertible Bond," is expected to meet the redemption conditions based on stock price performance [2][8]. Group 1: Convertible Bond Issuance Overview - The company issued 5.16 million convertible bonds with a total amount of 516 million yuan, which were listed on April 8, 2020 [3]. - The initial conversion price was set at 14.88 yuan per share, which has been adjusted multiple times, with the latest conversion price being 6.38 yuan per share [3][5]. Group 2: Conditional Redemption Terms - The conditional redemption clause allows the company to redeem all or part of the unconverted bonds if the stock price meets certain criteria [6]. - Specifically, if the stock price remains above 130% of the conversion price for a specified number of trading days, the company can decide to redeem the bonds [8]. Group 3: Expected Trigger Conditions - From August 25, 2025, to September 10, 2025, the company's stock has closed above 8.294 yuan (130% of the conversion price) for ten trading days [2][8]. - If, in the following seventeen trading days, the stock closes above the conversion price for five trading days, the redemption clause will be triggered [8].

Summary of Key Points Core Viewpoint - Yantai Ruichuang Micro-Nano Technology Co., Ltd. is expected to trigger the conditional redemption clause for its convertible bonds, "Ruichuang Convertible Bonds," if certain stock price conditions are met [2][6]. Group 1: Convertible Bond Issuance and Conditions - The company issued 15,646,900 convertible bonds at a face value of 100 RMB each, raising a total of 156,469.00 million RMB, with a net amount of 155,479.06 million RMB after expenses [2][3]. - The initial conversion price for the convertible bonds was set at 40.09 RMB per share, which has been adjusted multiple times due to stock incentive plans and annual profit distributions, currently standing at 39.35 RMB per share [4][5]. Group 2: Redemption Terms and Trigger Conditions - The redemption terms state that if the company's stock price remains at or above 130% of the conversion price for a specified number of trading days, the company has the right to redeem the bonds at face value plus accrued interest [5][6]. - As of the period from August 28, 2025, to September 10, 2025, the stock has already closed above the required threshold for 10 trading days, and if it continues to meet the criteria, the redemption clause will be triggered [2][6]. Group 3: Future Actions and Announcements - Upon triggering the redemption clause, the company will convene a board meeting to decide whether to redeem the bonds and will disclose the decision the next trading day [6].

Core Viewpoint - The company, Guangdong Lingyi Intelligent Manufacturing Co., Ltd., has announced that its convertible bond, "Lingyi Convertible Bond," is expected to meet the conditions for redemption due to the stock price performance over the past 30 trading days [1][4]. Summary by Sections Convertible Bond Basic Information - The company issued 21,374,181 convertible bonds with a face value of 100 RMB each, raising a total of up to 2,137.4181 million RMB [2]. - The bonds will be listed on the Shenzhen Stock Exchange starting December 6, 2024, under the name "Lingyi Convertible Bond" and code "127107" [2]. - The conversion period for the bonds is from May 22, 2025, to November 17, 2030 [2][3]. Conditional Redemption Terms - The company has the right to redeem all or part of the unconverted bonds if either of the following conditions is met: 1. The stock price is at least 130% of the conversion price for at least 15 out of 30 consecutive trading days [4]. 2. The unconverted balance of the bonds is less than 30 million RMB [4]. Expected Trigger for Conditional Redemption - From August 19, 2025, to September 1, 2025, the company's stock has closed at or above 11.87 RMB (130% of the conversion price) for 10 out of 30 trading days, indicating a potential trigger for the redemption clause [4][5]. Other Matters - Investors seeking more information about the "Lingyi Convertible Bond" can refer to the full prospectus available on the company's official disclosure platform [4].

Group 1 - The board of directors of Wuchan Zhongda Jinlun Blue Ocean Co., Ltd. held its third meeting of the seventh session on August 26, 2025, with all members ensuring compliance with relevant laws and regulations [1][2] - The meeting approved the proposal not to redeem the "Jinlun Convertible Bonds" early, with a unanimous vote of 9 in favor and no opposition [2] - The company's stock price has been above 130% of the conversion price of the convertible bonds for 15 trading days, triggering the conditional redemption clause, but the board decided not to exercise this right [2]

Core Viewpoint - The company has announced that its stock price has met the conditions for the potential redemption of its convertible bonds, which may occur if the stock price remains above a specified threshold for a certain period [1][5]. Summary by Sections Convertible Bond Basic Information - The company issued 6,949,870 convertible bonds on April 4, 2023, with a total amount of RMB 69,498.70 million, after deducting fees [2]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting April 25, 2023, under the name "水羊转债" and code "123188" [2]. Conversion and Redemption Conditions - The conversion period for the bonds is from October 11, 2023, to April 3, 2029 [3]. - The initial conversion price was set at RMB 13.71 per share, which has been adjusted multiple times due to profit distributions and incentive plans, currently standing at RMB 13.54 per share [3][4]. - The company has the right 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 [5]. Conditional Redemption Clause - The stock price has been above RMB 17.60 (130% of the current conversion price) for 10 trading days from August 7 to August 20, 2025, indicating a potential trigger for the redemption clause [1][5]. - If the stock price continues to meet the criteria, the company may redeem all or part of the unconverted bonds at face value plus accrued interest [5].

Summary of Key Points Core Viewpoint - The company, Huamao (Xiamen) New Materials Technology Co., Ltd., has decided not to redeem its convertible bonds early, following a thorough review by its board of directors and in consideration of current market conditions [5][8]. Group 1: Convertible Bond Issuance - The company issued 10.5 million convertible bonds on September 14, 2023, with a total value of 1.05 billion yuan and a maturity of six years [1][2]. - The initial conversion price was set at 34.18 yuan per share, which was later adjusted to 34.15 yuan, 33.95 yuan, 33.85 yuan, and finally to 33.76 yuan due to various factors including stock options and profit distribution [2][3]. Group 2: Redemption Terms and Conditions - The convertible bonds have conditional redemption terms, 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, or if the remaining unconverted bonds are less than 30 million yuan [3][4]. - The stock price met the redemption condition between July 17, 2025, and August 14, 2025, prompting the company to consider its redemption options [5]. Group 3: Decision Against Early Redemption - On August 14, 2025, the company’s board decided not to exercise the early redemption option for the convertible bonds, citing current market conditions and future considerations [5][6]. - The company will not propose a conditional redemption plan even if the redemption conditions are met again within the next three months [5]. Group 4: Shareholder Transactions - The actual controller and major shareholders have reduced their holdings of the convertible bonds in the six months leading up to the redemption condition being met [6][7]. - The total amount of convertible bonds held by key stakeholders decreased significantly during this period [7]. Group 5: Underwriter's Review - The underwriter, ShenGang Securities, confirmed that the decision not to redeem the bonds early was made following proper procedures and in compliance with relevant regulations [8].