Core Points - The company has completed the registration of the second vesting period for the 2022 restricted stock incentive plan, resulting in an increase in total share capital and an adjustment to the convertible bond conversion price [2][7] - The adjusted conversion price for the convertible bond "宏微转债" is set to be 28.51 yuan per share, effective from August 15, 2025 [5][7] - The total number of shares has increased from 212,884,185 to 213,081,641 due to the issuance of 197,456 shares to 59 incentive recipients [2][7] Adjustment Details - The conversion price adjustment is based on the issuance of new shares and follows specific formulas for calculating the new price based on stock dividends, capital increases, and cash dividends [4][6] - The previous conversion price was 28.52 yuan per share, and the new price reflects a minor decrease due to the adjustment process [5][7] - The adjustment process will be communicated through official announcements on the Shanghai Stock Exchange [6][7] Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus published on July 21, 2023 [8]

Core Viewpoint - Jiangsu Hongwei Technology Co., Ltd. announced the adjustment of the conversion price for its convertible bonds due to the completion of the second vesting period of its 2022 restricted stock incentive plan, resulting in a new conversion price of 28.51 yuan per share, effective from August 15, 2025 [1][5]. Group 1: Securities Suspension and Resumption - The company's convertible bonds will undergo a suspension of conversion starting from August 14, 2025, and will resume conversion on August 15, 2025 [1][5]. - The previous conversion price was 28.52 yuan per share, which has been adjusted to 28.51 yuan per share [1][5]. Group 2: Basis for Conversion Price Adjustment - The adjustment of the conversion price is based on the completion of the registration of shares for the second vesting period of the restricted stock incentive plan, where 197,456 shares were granted to 59 incentive recipients [1][4]. - The total share capital increased from 212,884,185 shares to 213,081,641 shares due to this issuance [4]. Group 3: Calculation of Conversion Price Adjustment - The conversion price adjustment formula used is P1 = (P0 + A × k) / (1 + k), where P0 is the previous conversion price, A is the new share issuance price, and k is the new share issuance rate [2][4]. - The new share issuance rate is calculated as 0.0928% (197,456 shares / 212,884,185 shares) [4]. Group 4: Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus disclosed on July 21, 2023 [5].

Group 1 - The convertible bonds of Weicai and Ou22 increased by over 4% [1] - The convertible bond of Rundar rose by over 3% [1] - The convertible bonds of Hongwei and Youzu fell by over 2% [1] - The convertible bonds of Haoyuan and Wenkai declined by over 1% [1]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2025 on August 12, 2025, at 14:00 in its conference room [5][6] - The agenda includes the cancellation of the supervisory board, adjustment of board members, changes to registered capital, and amendments to the company's articles of association [5][7] - The company will no longer have a supervisory board, with its functions transferred to the audit committee of the board [7][8] Group 2 - The company plans to change its registered capital due to the conversion of convertible bonds, resulting in an increase in total shares from 212,883,660 to 212,884,185 [7] - The company will amend its articles of association to reflect the cancellation of the supervisory board and other governance adjustments [8][9] - The proposed changes to the articles of association will require approval at the extraordinary general meeting [8] Group 3 - The company intends to appoint Tianjian Accounting Firm as its auditor for the fiscal year 2025, following a bidding process [10][11] - The expected audit fee for 2025 is estimated at 680,000 yuan, with an increase of 60,000 yuan compared to the previous year [11][15] - The previous auditor, Tianheng, provided a standard unqualified opinion for the 2024 annual report and has been in service for several years [16] Group 4 - The company proposes to elect Deng Erping as a non-independent director to fill a vacancy on the board [17][18] - Deng Erping has a strong academic background and relevant experience, having served in various educational and research roles [18][19] - The proposal for Deng Erping's election has been reviewed and approved by the board's nomination committee [19]

Group 1 - The company has decided to abolish the supervisory board and transfer its powers to the audit committee of the board of directors, optimizing the board structure to consist of 8 directors, including 3 independent directors and 1 employee representative director [1][2][3] - The company's registered capital has been adjusted from RMB 2,128,836,600 to RMB 2,128,841,850, following the conversion of RMB 14,973 of the convertible bonds into 525 shares [2][3] - The company will revise its articles of association to reflect the changes in governance structure, including the removal of references to the supervisory board and the alignment of terminology from "shareholders' meeting" to "shareholders' assembly" [3][4] Group 2 - The revised articles of association will require approval at the company's first extraordinary general meeting of 2025 before taking effect, and the board will seek authorization to handle related business registration changes [3][4] - The company has initiated the formulation, revision, and abolition of certain corporate governance systems to enhance compliance and internal governance mechanisms, with some requiring shareholder approval [4][5] - The company will disclose the revised articles of association and governance system changes on the Shanghai Stock Exchange website [3][4]

Trading Information Summary - On July 18, 2025, Hongwei Technology (688711) closed at 20.72 yuan, down 0.67%, with a turnover rate of 6.4%, trading volume of 136,200 shares, and a transaction amount of 284 million yuan [1] - On the same day, the net inflow of main funds was 1.55 million yuan, while retail investors had a net inflow of 8.17 million yuan, and speculative funds had a net outflow of 9.72 million yuan [4] Company Announcement Summary - Jiangsu Hongwei Technology Co., Ltd. announced the issuance of "Hongwei Convertible Bonds" on July 25, 2023, with a total of 4.3 million bonds issued, each with a face value of 100 yuan, raising a total of 430 million yuan [2] - The bond has a six-year term and will be listed on the Shanghai Stock Exchange starting August 14, 2023, with a bond code of 118040 and a short name of "Hongwei Convertible Bonds" [2] - The conversion price was adjusted to 28.52 yuan per share after the 2023 annual equity distribution, effective from January 31, 2024 [2] - The second interest payment for the "Hongwei Convertible Bonds" will occur on July 25, 2025, with an interest rate of 0.70%, resulting in a payment of 0.70 yuan per bond (including tax) [3][4] - The interest payment record date is July 24, 2025, with the ex-dividend and payment date also on July 25, 2025 [3]

Core Points - Jiangsu Hongwei Technology Co., Ltd. announced the interest payment schedule for its convertible bonds, with the interest payment date set for July 25, 2025 [1][6] - The company issued 4.3 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 43 million, with a maturity period of six years [2] - The coupon rate for the bonds is 0.70% per annum, resulting in an interest payment of RMB 0.70 per bond (before tax) [5][8] Summary by Sections Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission to issue convertible bonds [2] - The bonds were listed on the Shanghai Stock Exchange starting August 14, 2023, under the name "Hongwei Convertible Bonds" with the code "118040" [2] Interest Payment Details - The interest payment period for the bonds is from July 25, 2024, to July 24, 2025, with the interest payment date on July 25, 2025 [4][6] - The interest calculation formula is defined as I = B × i, where I is the annual interest amount, B is the total face value of the bonds held, and i is the annual coupon rate [5] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net interest payment of RMB 0.56 per bond after tax [7][8] - Non-resident enterprises holding the bonds are exempt from corporate income tax on interest income until December 31, 2025 [8] Contact Information - The company provides contact details for inquiries related to the bond issuance and interest payments [9]

Group 1 - The company has approved a plan to repurchase its shares using its own funds and a special loan for share repurchase, with a total amount between RMB 25 million and RMB 50 million [2] - The repurchase price will not exceed RMB 30.12 per share, and the repurchase period is set for up to 12 months from the board's approval date [2] - As of June 2025, the company has repurchased a total of 1,197,939 shares, representing 0.5627% of the total share capital, with a total expenditure of approximately RMB 19.996 million [3] Group 2 - As of June 30, 2025, a total of RMB 22,000 has been converted into company shares from the convertible bonds, amounting to 710 shares, which is 0.00047% of the total shares before conversion [9] - The total amount of unconverted convertible bonds stands at RMB 429,978,000, which is 99.99488% of the total issuance [9] - The current conversion price for the convertible bonds is RMB 28.52 per share [13]

Core Points - The company maintains its credit rating at "A" with a stable outlook for both its main entity and the convertible bond "宏微转债" [1][2] - The credit rating was conducted by 中证鹏元, which assessed the company's operational status and industry conditions [2] Summary by Sections - **Previous Rating**: The previous credit rating for the company was "A" with a stable outlook, and the same rating applies to "宏微转债" [1] - **Current Rating**: The current credit rating remains "A" for the company and "宏微转债," with a stable outlook confirmed by 中证鹏元 [2] - **Rating Report Disclosure**: The credit rating report was disclosed on the Shanghai Stock Exchange website on the same day it was issued [2]

Group 1 - The company Jiangsu Macmic Science & Technology Co., Ltd. issued convertible bonds totaling 4.3 million units at a price of 100 RMB per unit, raising a total of 430 million RMB, with a net amount of 423.2769 million RMB after deducting issuance costs [1][10][17] - The bonds have a maturity of six years, with an annual interest rate starting at 0.50% in the first year and increasing to 3.00% in the sixth year, with a redemption price of 115.00 RMB [1][10][11] - The initial conversion price for the bonds is set at 62.45 RMB per share, subject to adjustments based on various corporate actions [2][3][4] Group 2 - The company reported a net loss of 22.941 million RMB for the year 2024, a significant decrease compared to a profit of 114.209 million RMB in 2023, attributed to reduced customer procurement plans and pressure on product pricing [10][13] - Total assets increased by 4.52% to 2.601 billion RMB, while total liabilities rose by 13.20% to 1.524 billion RMB, resulting in a decrease in equity by 5.71% [11][12] - The company has no credit enhancement measures in place for the bonds, and the credit rating for the issuer and the bonds is rated A with a stable outlook [10][19] Group 3 - The funds raised from the bond issuance will be used for the development of automotive-grade power semiconductor discrete devices [10][14] - The company has established a special account for the management and use of the raised funds, ensuring compliance with regulatory requirements [10][19] - The company has maintained its obligations regarding interest payments, with the first interest payment made on July 25, 2024, at the agreed rate [10][11][12]