Core Viewpoint - The company announces the implementation of the early redemption of its convertible bonds, highlighting the significant difference between the market price and the redemption price, urging bondholders to convert their bonds within the specified period to avoid potential losses [1][5]. Group 1: Convertible Bond Redemption Details - The company will redeem the convertible bonds at a price of 100.19 yuan per bond (including tax) [1][6]. - The redemption was triggered as the company's stock price met the condition of being at least 130% of the conversion price (36.17 yuan) for at least 15 out of 30 consecutive trading days [5][4]. - The redemption period is set from January 17, 2025, to February 28, 2025, during which bondholders are advised to convert their bonds to avoid losses [1][5]. Group 2: Convertible Bond Issuance and Terms - The company issued convertible bonds with a total amount of 520 million yuan, and they began trading on November 3, 2023 [3][2]. - The conversion period for these bonds starts on April 20, 2024, and ends on October 15, 2029 [3][4]. - The initial conversion price was set at 36.44 yuan per share, which was later adjusted to 27.93 yuan per share due to market conditions [3][4]. Group 3: Redemption Process and Procedures - The redemption price includes accrued interest calculated based on a 0.40% annual coupon rate, resulting in a total redemption price of 100.19 yuan per bond [6][5]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the close of trading on April 10, 2025 [6][7]. - The redemption funds will be transferred to the bondholders' accounts on April 18, 2025 [7][6].

Core Viewpoint - Several convertible bonds have announced plans for early redemption, with current secondary market prices significantly higher than the redemption prices, potentially leading to substantial losses for investors if they hold until forced redemption [1][7]. Group 1: Early Redemption Announcements - Kewah Data announced the early redemption of "Keshuzhuan Bond," stating that the stock price has met the conditions for redemption, with a forced redemption price of 100.32 yuan per bond [4]. - Nanshan Zhishang also announced the early redemption of "Zhishang Bond," with a forced redemption price of 100.38 yuan per bond [5]. - Zhongfu Bond has also triggered its conditional redemption clause, with a forced redemption price of 100.19 yuan per bond [5]. Group 2: Market Performance Context - The recent increase in early redemptions is a reflection of the strong performance of the convertible bond market over the past few months [6][10]. - The CSI Convertible Bond Index has risen for six consecutive months from September 2024 to February 2025, with an additional increase of 1.25% since March 2025 [11]. - Over 440 convertible bonds have risen in value since the beginning of 2025, with more than 80% of them experiencing price increases, including several bonds with gains exceeding 50% [12]. Group 3: Investor Considerations - Investors are advised to convert their bonds or sell them at an appropriate time to avoid losses due to forced redemption, as the current market prices for these bonds are significantly higher than the redemption prices [1][7][8]. - As of March 6, the secondary market prices for Keshuzhuan Bond, Zhishang Bond, and Zhongfu Bond were 189.1 yuan, 200.489 yuan, and 133.4 yuan per bond, respectively, indicating potential losses of 46.95%, 49.93%, and 24.90% if held until forced redemption [7].

| 证券代码：300814 | 证券简称：中富电路 | 公告编号：2025-006 | | --- | --- | --- | | 债券代码：123226 | 债券简称：中富转债 | | 深圳中富电路股份有限公司 关于提前赎回中富转债的实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、可转债赎回条件满足日：2025 年 2 月 28 日 2、可转债赎回日：2025 年 4 月 11 日 9、赎回类别：全部赎回 10、根据安排，截至 2025 年 4 月 10 日（登记日）收市后仍未转股的中富转 债，将按 100.19 元/张（含税）强制赎回。中富转债二级市场价格与赎回价格存 在较大差异，特别提醒中富转债持券人注意在限期内转股。 11、投资者不符合创业板股票适当性管理要求的，不能将所持中富转债转换 为股票，特提请投资者关注不能转股的风险。 3、可转债赎回登记日：2025 年 4 月 10 日 4、可转债停止交易日：2025 年 4 月 8 日 5、可转债停止转股日：2025 年 4 月 11 日 6、发行人赎回资金到账日：2025 年 4 ...