Summary of Key Points Core Viewpoint The company has announced the early redemption of its convertible bonds, "Beifang Convertible Bonds," due to the stock price meeting the necessary conditions for redemption. Investors are advised to convert their bonds before the deadline to avoid potential losses. Group 1: Redemption Details - The last conversion date for "Beifang Convertible Bonds" is April 3, 2025, after which unconverted bonds will be redeemed at a price of 100.90 CNY per bond [2][4][17] - The redemption date is set for April 7, 2025, with the funds reaching bondholders' accounts by April 14, 2025 [6][24] - The bonds will stop trading on April 1, 2025, and stop converting on April 7, 2025 [22][23] Group 2: Trigger Conditions - The redemption clause was triggered as the stock price was above 130% of the conversion price for 15 trading days from February 13 to March 6, 2025 [6][16] - The initial conversion price was adjusted multiple times, with the current conversion price being 7.65 CNY per share [10][9] Group 3: Bond Issuance and Terms - The company issued 5.7821 million convertible bonds on October 24, 2019, with a total value of 578.21 million CNY and a maturity date of October 23, 2025 [7] - The bonds have a tiered interest rate, with the current rate being 2.00% [7][18] Group 4: Investor Guidance - Bondholders are encouraged to convert their bonds before the deadline to avoid being forced to redeem at a potentially lower market price [3][5] - The company will provide daily announcements regarding the redemption process leading up to the redemption date [21]

Core Viewpoint - The announcement highlights the implementation of the redemption of "Beifang Convertible Bonds" and the upcoming cessation of conversion rights, urging bondholders to convert their bonds before the deadline to avoid potential losses [1][2]. Group 1: Redemption Details - The last conversion date for "Beifang Convertible Bonds" is April 3, 2025, after which unconverted bonds will be redeemed at a price of 100.90 CNY per bond [1][8]. - The redemption was triggered as the stock price closed at or above 130% of the conversion price for 15 trading days from February 13, 2025, to March 6, 2025 [2][6]. - The bond was issued on October 24, 2019, with a total of 5.7821 million bonds at a face value of 100 CNY each, and the initial conversion price was set at 8.84 CNY per share [2][3]. Group 2: Conversion and Redemption Procedures - Bondholders must convert their bonds through the securities company that holds their bonds, with a minimum conversion unit of 1 bond [9][10]. - The redemption price includes accrued interest calculated based on a 2.00% annual interest rate, resulting in a total redemption price of 100.90 CNY per bond [8][9]. - After the redemption, "Beifang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [9][11]. Group 3: Historical Context and Conditions - The bond has undergone several adjustments to its conversion price, with the current conversion price being 7.65 CNY per share [4][5]. - The company has previously decided not to exercise its redemption rights under certain conditions, but the current market conditions have led to the decision to redeem the bonds [6][7].

Group 1 - The company has decided to exercise its early redemption rights for the "Beifang Convertible Bonds," which will be forcibly redeemed if not converted by the close of trading on April 3, 2025 [1] - The company issued a total of 5.7821 million convertible bonds at a face value of 100 yuan each, amounting to a total issuance of 578.21 million yuan, which began trading on November 21, 2019 [1][2] - The conversion price of the "Beifang Convertible Bonds" has been adjusted multiple times, with the latest adjustment on June 21, 2024, reducing the price to 7.65 yuan per share [2][3] Group 2 - As of March 31, 2025, the total number of shares with limited sale conditions was 96,423,586, accounting for 9.41% of the total shares, while the total number of shares with unlimited sale conditions was 928,557,310, accounting for 90.59% [3] - The company has seen an increase of 44,826,026 shares in the unlimited sale condition category during the reporting period [3]

北方国际: 关于控股股东及其一致行动人持股比例 因可转换公司债券转股被动稀释触及1%整数倍的提 示性公告 关于控股股东及其一致行动人持股比例 因可转换公司债券转股被动稀释触及 1%整数倍的提示性公告 特别提示： 行的可转换公司债券转股引起公司总股本增加，从而导致控股股东中国北方工业 有限公司及其一致行动人北方工业科技有限公司持股比例被动稀释，不涉及增持 或减持，不触及要约收购。 公司的治理结构和持续经营。 经中国证券监督管理委员会《关于核准北方国际合作股份有限公司公开发行 可转换公司债券的批复》（证监许可【2019】1444 号）核准，公司于 2019 年 10 月 24 日公开发行 578.21 万张可转换公司债券，每张面值 100 元，发行总额 万元可转债于 2019 年 11 月 21 日起在深交所挂牌交易，债券简称"北方转债"， 债券代码"127014.SZ"。 受公司可转债转股的影响，截至 2025 年 3 月 24 日，公司总股本增加至 业" 股票简称：北方国际 股票代码：000065 公告编号：2025-025 转债简称：北方转债 转债代码：127014 北方国际合作股份有限公司 关于控股股东及 ...

Core Viewpoint - The article discusses various convertible bonds and their recent developments, including proposals for adjustments, strong redemptions, and agreements related to restructuring [1]. Group 1: Convertible Bonds Adjustments - The board of directors proposed adjustments for Alatrans Convertible Bond and Shuangliang Convertible Bond [1]. - Guanda Convertible Bond is nearing the bottom of its adjustment range [1]. - The Eagle 19 Convertible Bond and Youzu Convertible Bond have reached the bottom of their adjustment limits [1]. Group 2: Strong Redemptions - Weipai Convertible Bond and Beifang Convertible Bond are undergoing strong redemptions [1]. Group 3: Restructuring Agreements - ST Zhongzhuang has signed a restructuring investment agreement with investors [1]. Group 4: New Stock Subscription - Hengxin Life is offering a subscription for new shares on the ChiNext board [1].