Core Viewpoint - Zhongchen Co., Ltd. announced that October 17 is the last conversion day for "Zhongchen Convertible Bonds," after which unconverted bonds will be forcibly redeemed at a price of 100.58 yuan per bond, potentially leading to investment losses for investors [1] Summary by Sections - **Announcement Details** - The last conversion day for "Zhongchen Convertible Bonds" is October 17, 2023 [1] - Investors can still convert their bonds before the market closes on October 17 [1] - After the market closes on October 17, unconverted bonds will stop being convertible [1] - **Redemption Information** - Remaining convertible bonds will be forcibly redeemed at a price of 100.58 yuan per bond [1] - Investors may face potential investment losses if their bonds are forcibly redeemed [1] - **Time Sensitivity** - As of the announcement, there is only half a trading day left until the conversion deadline on October 20 [1]

Group 1 - Zhongchen Co., Ltd. has its last conversion day for "Zhongchen Convertible Bonds" on October 17, after which unconverted bonds will be forcibly redeemed at a price of 100.58 yuan per bond, potentially leading to investment losses for investors [1] - Investors have until the market closes on October 17 to convert their bonds, with only half a trading day remaining before the conversion stops on October 20 [1] Group 2 - Guangha Communication has submitted an application for a specific issuance of A-share stocks, which has been accepted by the Shenzhen Stock Exchange [1]

Core Viewpoint - Zhongchen Co., Ltd. announced a mandatory redemption of its convertible bonds ("Zhongchen Convertible Bonds") at a price of 100.58 CNY per bond, effective after the market closes on October 17, 2025, for those that have not been converted [1] Summary by Relevant Sections - **Company Announcement** - Zhongchen Co., Ltd. issued a notice regarding the mandatory redemption of its convertible bonds, highlighting the importance for bondholders to convert their bonds before the deadline to avoid potential losses [1] - **Market Context** - The current secondary market price of the Zhongchen Convertible Bonds is significantly different from the redemption price, indicating a potential investment risk for holders who do not convert in time [1]

Core Viewpoint - Zhongchen Co., Ltd. announced a mandatory redemption of its convertible bonds ("Zhongchen Convertible Bonds") at a price of 100.58 CNY per bond if not converted by the market close on October 17, 2025, highlighting a significant discrepancy between the market price and the redemption price, urging bondholders to convert their bonds in a timely manner to avoid potential losses [1] Summary by Relevant Categories Company Announcement - Zhongchen Co., Ltd. issued a notice regarding the mandatory redemption of its convertible bonds, emphasizing the importance of conversion before the specified deadline [1] Market Implications - The announcement indicates a considerable difference between the secondary market price of the Zhongchen Convertible Bonds and the redemption price, which may impact investor decisions [1] Investor Advisory - The company cautioned bondholders about the risks of not converting their bonds within the stipulated timeframe, as failure to do so could lead to financial losses [1]

Core Insights - Two convertible bonds, Zhongchen Convertible Bond and Lushan Convertible Bond, are facing mandatory redemption at prices significantly lower than their current market prices, leading to potential losses for investors [1][2][3] Group 1: Zhongchen Convertible Bond - The last trading day for Zhongchen Convertible Bond is October 14, with a closing price of 141.29 yuan on October 13 [1] - If investors do not sell or convert their bonds by the deadline, they will be redeemed at 100.58 yuan per bond, resulting in a loss of approximately 28.81% [1] - The final conversion day is October 17, after which unconverted bonds will be forcibly redeemed [1] Group 2: Lushan Convertible Bond - Lushan Convertible Bond also has its last trading day on October 14, with a closing price of 139.536 yuan on October 13 [2][3] - Investors who fail to act before the deadline will be redeemed at a total of 100.6805 yuan per bond, leading to a loss of about 27.85% [2][3] - The final conversion day for Lushan Convertible Bond is also October 17 [2] Group 3: Broader Market Context - The trend of mandatory redemptions is increasing due to a strong stock market, affecting multiple convertible bonds, including Keda, Jingxing, Tianlu, and Pudong Development Bank bonds [3] - Tianlu Convertible Bond, with a current price of 310.527 yuan, is set to be redeemed at 110 yuan at the end of October, indicating a potential loss exceeding 60% if not acted upon [3]

Core Viewpoint - Two convertible bonds, Zhongchen Convertible Bond and Lushan Convertible Bond, are facing forced redemption at prices significantly lower than their current market prices, leading to potential losses for investors if they do not act promptly [2][4][5]. Summary by Sections Zhongchen Convertible Bond - The last trading day for Zhongchen Convertible Bond is October 14, with a closing price of 141.29 yuan on October 13. If investors do not sell or convert their bonds by the deadline, they will face a forced redemption price of 100.58 yuan, resulting in a potential loss of 28.81% [2][5]. Lushan Convertible Bond - Lushan Convertible Bond also has its last trading day on October 14. The bond closed at 139.536 yuan on October 13, and if not sold or converted, it will be redeemed at a price of 100.6805 yuan, leading to a potential loss of 27.85% for investors [4][5]. General Market Context - The trend of forced redemptions is not limited to Zhongchen and Lushan bonds. Other convertible bonds, such as Keda, Jingxing, Tianlu, and Pudong Development Bank bonds, are also approaching their last trading days and may result in significant losses for investors who fail to act in time. For instance, Tianlu Convertible Bond, priced at 310.527 yuan, will be redeemed at 110 yuan at the end of October, indicating a potential loss exceeding 60% if not managed properly [7].

Core Viewpoint - Zhongchen Co., Ltd. announced a mandatory redemption of its convertible bonds ("Zhongchen Convertible Bonds") at a price of 100.58 CNY per bond if not converted by the market close on October 17, 2025, highlighting a significant disparity between the current market price and the redemption price, urging bondholders to convert their bonds in time to avoid potential losses [1] Summary by Category - **Company Announcement** - Zhongchen Co., Ltd. has issued a notice regarding the mandatory redemption of its convertible bonds [1] - The redemption price is set at 100.58 CNY per bond, effective after the market close on October 17, 2025 [1] - **Market Implications** - There is a notable difference between the current market price of the Zhongchen Convertible Bonds and the redemption price [1] - The company has cautioned bondholders about the risks of not converting their bonds within the specified timeframe [1]

Core Points - The Zhongzheng Convertible Bond Index opened at 487.44 points, experiencing a decline of 0.08% [1] - The largest declines were seen in the following convertible bonds: Yuguang Convertible Bond (-4.13%), Enjie Convertible Bond (-2.53%), Outong Convertible Bond (-2.36%), Liyang Convertible Bond (-2.36%), and Lushan Convertible Bond (-2.24%) [1] - Conversely, the top gainers included Zhonghuan Convertible Bond (+20.00%), Limin Convertible Bond (+5.64%), Lizhong Convertible Bond (+3.80%), Zhongchen Convertible Bond (+1.62%), and Sheng24 Convertible Bond (+1.56%) [1]

Core Points - Zhongchen Co., Ltd. announced that as of October 17, 2025, any unconverted "Zhongchen Convertible Bonds" will be forcibly redeemed at a price of 100.58 CNY per bond [1] - The company highlighted a significant discrepancy between the secondary market price of the "Zhongchen Convertible Bonds" and the redemption price, urging bondholders to convert their bonds within the specified timeframe to avoid potential losses [1] Summary by Category Company Announcement - Zhongchen Co., Ltd. will redeem unconverted "Zhongchen Convertible Bonds" at 100.58 CNY per bond after the market closes on October 17, 2025 [1] - The company has issued a warning to bondholders regarding the importance of converting their bonds before the deadline to mitigate financial risks [1] Market Implications - There is a notable difference between the current market price of the "Zhongchen Convertible Bonds" and the redemption price, which could lead to financial losses for investors who do not act in time [1]

Group 1 - The core announcement from Zhongchen Co., Ltd. indicates that the "Zhongchen Convertible Bonds" will be forcibly redeemed at a price of 100.58 CNY per bond if not converted by the market close on October 17, 2025 [1] - The company highlights a significant disparity between the current secondary market price of the bonds and the redemption price, urging bondholders to convert their bonds within the specified timeframe to avoid potential losses [1] - Investors are cautioned to be aware of the investment risks associated with the bonds, particularly regarding the conversion deadline [1]