Core Points - The company announced the results of the "Fumeiao Convertible Bond" repurchase, indicating that no investors submitted repurchase applications during the designated period [2][4][5] - The repurchase period was from September 23 to September 29, 2025, with a repurchase price of 100.46 RMB per bond, including interest [3][4] - The company confirmed that the repurchase will not have a substantial impact on its cash flow, asset status, or share capital [5] Summary of Convertible Bond Repurchase - The repurchase announcement was made on September 16, 2025, with subsequent reminders issued on September 18, 25, and 27 [3] - The effective repurchase quantity was 0 bonds, resulting in a total repurchase amount of 0 RMB, concluding the repurchase process without further actions required [2][4] Impact of the Repurchase - The lack of repurchase applications means that the company's financial position remains stable, with no changes to cash flow or assets [5] Subsequent Matters - Unrepurchased "Fumeiao Convertible Bonds" will continue to be traded on the Shanghai Stock Exchange [6] Convertible Bond Conversion Results - As of September 30, 2025, a total of 7,000 RMB has been converted into company shares, resulting in 369 shares, which is 0.0003% of the total shares before conversion [10][15] - The remaining balance of unconverted convertible bonds is 449,993,000 RMB, accounting for 99.9984% of the total issuance [10][15] Issuance Overview - The company issued 4.5 million convertible bonds on December 15, 2022, with a total fundraising amount of 45 million RMB, and the bonds are set to mature on December 14, 2028 [11] - The initial conversion price was set at 20.26 RMB per share, which has been adjusted to 18.43 RMB per share [11][15]

Core Viewpoint - Jiangsu Fumei Technology Co., Ltd. has announced the third notice regarding the optional repurchase of its convertible bonds, indicating the repurchase price and the period during which bondholders can exercise their rights [2][3]. Summary by Sections Repurchase Details - Repurchase Price: 100.46 RMB per bond (including current interest) [2][11] - Repurchase Period: From September 23, 2025, to September 29, 2025 [10] - Repurchase Funds Payment Date: October 10, 2025 [4][12] - The repurchase is not mandatory for bondholders [4][7] Financial Information - The company issued 4.5 million convertible bonds at a face value of 100 RMB each, raising a total of 450 million RMB, with a net amount of 440.36 million RMB after deducting issuance costs [2][3]. - Remaining funds of 22.71 million RMB from the terminated project will be permanently added to working capital [3]. Interest Calculation - The interest for the third year is calculated at a rate of 0.60%, resulting in an interest amount of 0.46 RMB per bond, leading to the total repurchase price of 100.46 RMB [6]. Repurchase Procedure - Bondholders can choose to sell all or part of their unconverted bonds during the repurchase period through the Shanghai Stock Exchange trading system [8][9]. - If a bondholder does not exercise the repurchase right during the specified period, they forfeit the right to do so later [5]. Trading Information - The convertible bonds will continue to trade during the repurchase period but will stop converting into shares [14]. - If the total face value of the bonds in circulation falls below 30 million RMB due to the repurchase, trading will continue until the end of the repurchase period [14].

Group 1 - The core point of the article is that Fumiao Technology announced that convertible bondholders can choose to sell their "Fumiao Convertible Bonds" at a price of 100.46 RMB per bond, including the current interest [1] - As of the announcement date, the closing price of "Fumiao Convertible Bonds" is higher than the repurchase price, indicating that bondholders opting for the repurchase may incur economic losses [1]

Core Points - The company, Jiangsu Fumeiao Technology Co., Ltd., has announced the second notice regarding the optional redemption of its convertible bonds, "Fumeiao Convertible Bonds" [1][2] - The redemption price is set at 100.46 RMB per bond, including the current interest [2][6] - The redemption period is from September 23, 2025, to September 29, 2025 [2][10] - The company has confirmed that the total amount raised from the issuance of convertible bonds is 450,000,000 RMB, with a net amount of 440,359,200 RMB after deducting issuance costs [2][3] Redemption Details - The company will pay the redemption funds on October 10, 2025 [4][12] - The redemption is not mandatory, allowing bondholders to choose whether to redeem their bonds [7][11] - During the redemption period, the "Fumeiao Convertible Bonds" will continue to trade but will stop converting into shares [14] Financial Information - The interest for the third year of the bonds is calculated at a rate of 0.60%, resulting in an interest amount of 0.46 RMB per bond [6] - The remaining funds from the terminated project will be used to permanently supplement the company's working capital, amounting to 22,708,300 RMB [3]

Core Viewpoint - The announcement from Fumiao Technology indicates that convertible bondholders can choose to sell their "Fumiao Convertible Bonds" at a price of 100.46 RMB per bond, including the current interest, which may lead to economic losses for bondholders as the market price is currently higher [1] Group 1 - Fumiao Technology announced the option for convertible bondholders to sell their bonds at 100.46 RMB per bond [1] - The closing price of "Fumiao Convertible Bonds" is above the repurchase price, suggesting potential economic losses for those opting for the repurchase [1] - Investors are advised to be aware of the associated risks with this decision [1]

Core Points - Jiangsu Fumei Technology Co., Ltd. has announced the first notice regarding the optional redemption of its convertible bonds, "Fumei Convertible Bonds" [1][3] - The redemption price is set at 100.46 RMB per bond, including the current interest [2][11] - The redemption period is from September 23, 2025, to September 29, 2025 [2][10] - The company has confirmed that the total amount raised from the issuance of convertible bonds is 450,000,000 RMB, with a net amount of 440,359,200 RMB after deducting issuance costs [2][3] Redemption Details - The redemption price includes an interest calculation based on a coupon rate of 0.60% for the third year, resulting in an interest of 0.46 RMB per bond [6][11] - The funds for the redemption will be disbursed on October 10, 2025 [4][12] - The redemption is not mandatory, allowing bondholders the option to choose whether to redeem their bonds [7][11] Bondholder Rights - Bondholders can redeem part or all of their unconverted convertible bonds during the redemption period [7][10] - The redemption application must be submitted through the Shanghai Stock Exchange trading system, and once confirmed, cannot be revoked [8][9] Trading Information - During the redemption period, "Fumei Convertible Bonds" will continue to be traded, but conversion into shares will be suspended [14] - If the total face value of the convertible bonds in circulation falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period [14]

Core Viewpoint - Fumiao Technology announced that convertible bondholders can choose to sell their "Fumiao Convertible Bonds" at a price of 100.46 RMB per bond, including the current interest, as of the announcement date [2] Summary by Relevant Sections - Convertible Bond Details - The price for the bond buyback is set at 100.46 RMB per bond, which includes accrued interest [2] - As of the announcement date, the closing price of "Fumiao Convertible Bonds" is higher than the buyback price, indicating potential economic loss for bondholders who opt for the buyback [2]

Group 1 - The company held its first bondholders meeting for the "Fumiao Convertible Bonds" on September 15, 2025, with 4 participants representing 694,150 bonds, accounting for 15.4258% of the total outstanding bonds [3][4] - The meeting approved the resolution regarding the termination of certain fundraising projects and the permanent allocation of remaining funds to supplement working capital [6][17] - The meeting's procedures and voting methods complied with relevant laws and regulations, ensuring the validity of the resolutions passed [7][14] Group 2 - The company announced a buyback of shares related to the 2022 employee stock ownership plan, with 2,667,312 shares to be repurchased and canceled due to unmet performance conditions [28][29] - Following the buyback, the total share capital will decrease from 122,150,207 shares to 119,482,895 shares [29] - The company notified creditors about the reduction in registered capital due to the share buyback, allowing them to claim debts within specified timeframes [30][31] Group 3 - The company announced a repurchase option for the "Fumiao Convertible Bonds" at a price of 100.46 RMB per bond, including accrued interest, during the period from September 23 to September 29, 2025 [17][22] - The total amount raised from the issuance of convertible bonds was 450 million RMB, with a net amount of 440.36 million RMB after deducting issuance costs [16][18] - The company will continue trading the convertible bonds during the repurchase period, but conversion will be suspended [25]

Core Viewpoint - Jiangsu Fumiao Technology Co., Ltd. is holding its first bondholders' meeting for the "Fumiao Convertible Bond" in 2025 to discuss the termination of certain fundraising projects and the allocation of remaining funds to supplement working capital permanently [6][8]. Group 1: Meeting Procedures - The meeting will ensure the legal rights of all bondholders and maintain order and efficiency [1][2]. - Bondholders must sign in and present necessary identification documents to attend the meeting [2][3]. - The meeting will follow a specific agenda, allowing bondholders to express their opinions and vote on the proposed resolutions [3][6]. Group 2: Proposed Resolutions - The company proposes to terminate the sub-project "New Supporting 3,600 m³/day Sewage Treatment Project" under the "Zhangjiagang City Feixiang Pharmaceutical Industrial Park" and allocate the remaining funds of 22.7083 million yuan to supplement working capital [6][8]. - The timeline for the completion of the "Information Technology Upgrade and Digital Factory Construction Project" and the "Supporting 4,000 m³/day Sewage Treatment Project" will be extended to the fourth quarter of 2027 [6][8]. Group 3: Voting and Legal Oversight - The meeting will utilize both on-site and remote voting methods, with each bond representing one vote [4][6]. - A lawyer from a hired law firm will witness the meeting and provide a legal opinion [5][6].

Group 1 - Liyang convertible bonds increased by over 15% [1] - Aofei convertible bonds, Fumiao convertible bonds, and Shentong convertible bonds rose by over 5% [1] - Songlin convertible bonds and Dayuan convertible bonds decreased by 1% [1]