New Stock Issuance - New stock listing for Yuan Chuang Co., Ltd. at an issuance price of ¥24.75[1] - Offer period for Qian Yin Gao Ke (stock code: 300087) from December 4, 2025, to January 5, 2026[1] - Offer period for Tian Pu Co., Ltd. (stock code: 605255) from November 20, 2025, to December 19, 2025[1] Market Alerts - Guo Sheng Technology (stock code: 603778) reported severe abnormal fluctuations[1] - ST Li Fang (stock code: 300344) and ST Su Wu (stock code: 600200) are in the delisting arrangement period with 9 and 7 trading days remaining, respectively[1] - ST Ao Wei (stock code: 002231) and ST Hu Ke (stock code: 600608) have reported recent trading activity with prices at ¥3 and ¥0, respectively[1] Trading Updates - Bai Da Group (stock code: 600865) has a trading price of ¥64[1] - Longzhou Co., Ltd. (stock code: 002682) and Fei Wo Technology (stock code: 301232) both have trading prices of ¥3[1] - Multiple companies, including ST Yan Shi (stock code: 600696) and Bo Na Film (stock code: 001330), have reported trading prices of ¥7 and ¥3, respectively[1]

Core Viewpoint - The announcement details the conditions and procedures for the early redemption of the convertible bond "华铭定 02" by Shanghai Huaming Intelligent Terminal Equipment Co., Ltd, triggered by the company's stock price falling below a specified threshold for a consecutive period. Group 1: Redemption Terms Overview - The bondholders have the right to redeem all or part of the unconverted "华铭定 02" bonds if the stock price has been below 70% of the conversion price for 30 consecutive trading days [2][4] - The redemption price is set at the face value plus accrued interest, calculated to be 100.252 CNY per bond [4][5] Group 2: Redemption Conditions and Procedures - The redemption right becomes effective when the bondholders meet the unlocking conditions, and the company’s stock price has been below the conversion price threshold [4][5] - The redemption application period is from September 1, 2025, to September 5, 2025, during which bondholders must submit their applications [5][6] - The company will suspend the conversion of the bonds during the redemption application period, resuming on September 8, 2025 [7] Group 3: Financial Implications - The accrued interest for the current period is calculated based on a 2.00% annual interest rate for 46 days, resulting in 0.252 CNY per bond [4] - Tax implications vary for different types of bondholders, with individual investors subject to a 20% withholding tax, while qualified foreign institutional investors are exempt from corporate income tax [4]