Core Viewpoint - The article discusses the status of various convertible bonds, highlighting which bonds are subject to strong redemption, which are not, and the upcoming trading and conversion dates for specific bonds [1][2]. Group 1: Convertible Bonds Status - Huayou Convertible Bond is subject to strong redemption [1][2]. - Both Tianneng Convertible Bond and Tianci Convertible Bond are not subject to down adjustment [1][2]. - Shentong Convertible Bond and Bo23 Convertible Bond are not subject to strong redemption [1][2]. Group 2: Trading and Conversion Dates - The last trading day for Zhongzhuang Convertible Bond is September 3, 2025 [1][2]. - The last trading day for various other convertible bonds ranges from August 27, 2025, to September 24, 2025, with specific conversion dates following shortly after [4][6]. Group 3: Pricing and Valuation - Current prices for several convertible bonds are listed, with notable examples including: - Kaineng Convertible Bond at 124.657 with a strong redemption price of 100.118 [4]. - Qizheng Convertible Bond at 145.298 with a strong redemption price of 101.701 [4]. - The conversion values and remaining scales for these bonds indicate their market performance and investor interest [4][6].

Core Viewpoint - The company has decided not to exercise the early redemption rights for the "Bo 23 Convertible Bonds" despite triggering the conditional redemption clause due to stock prices exceeding the specified threshold [1][3][4]. Group 1: Convertible Bond Issuance Overview - The company issued 17 million convertible bonds with a total value of 1.7 billion yuan, approved by the China Securities Regulatory Commission on December 22, 2023 [1][2]. - The bonds are set to be traded on the Shanghai Stock Exchange starting January 18, 2024, with a maturity period of five years and an interest rate of 1.8% [2]. Group 2: Redemption Terms and Trigger Conditions - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days within a 30-day period [2][3]. - From August 11 to August 29, 2025, the stock price was above 19.08 yuan (130% of the conversion price of 14.68 yuan), triggering the redemption clause [1][3]. Group 3: Decision on Early Redemption - The company's board of directors convened on August 29, 2025, and resolved not to exercise the early redemption rights for the "Bo 23 Convertible Bonds" [3][4]. - The board will reassess the situation if the redemption conditions are met again after November 29, 2025 [4]. Group 4: Shareholder Activity - No trading of the "Bo 23 Convertible Bonds" occurred by major shareholders, including the actual controller and board members, in the six months leading up to the redemption condition [4]. Group 5: Sponsor's Verification Opinion - The sponsor confirmed that the decision not to redeem the bonds was approved by the board and complied with relevant regulations and the terms outlined in the offering prospectus [4].

Core Viewpoint - The announcement from the company indicates a potential trigger for the redemption of its convertible bonds based on stock price performance over a specified period [2] Group 1 - The company announced that from August 11 to August 22, 2025, its stock price has closed at or above 130% of the current conversion price of the "Bo23 Convertible Bonds," which is 14.68 yuan per share, translating to 19.08 yuan per share for 10 trading days [2] - If the stock price maintains this level for 5 out of the next 20 trading days, it will trigger the redemption clause of the "Bo23 Convertible Bonds" [2] - The company's board has the authority to decide on the redemption of all or part of the unconverted convertible bonds at face value plus accrued interest, as per the terms outlined in the bond issuance prospectus [2]

Core Viewpoint - Ningbo Bowei Alloy Materials Co., Ltd. announced that the "Bo 23 Convertible Bonds" may meet the redemption conditions [1] Group 1 - The company issued 1.7 billion yuan "Bo 23 Convertible Bonds" with a five-year term, which will be listed for trading on January 18, 2024 [1] - The "Bo 23 Convertible Bonds" can be converted into shares starting from June 28, 2024, with the latest conversion price set at 14.68 yuan per share [1] - As of August 11 to 22, 2025, the company's stock has closed at or above 130% of the conversion price (19.08 yuan per share) for 10 trading days, which may trigger the redemption clause if 5 out of the next 20 trading days meet this condition [1]