Core Viewpoint - Zhangjiagang Wide Special Materials Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for a specified period, leading to the decision to redeem all outstanding convertible bonds [1][2]. Group 1: Redemption Conditions and Process - The company's stock price has been above 130% of the conversion price (27.040 CNY/share) for 9 trading days from June 12, 2025, to July 1, 2025, and has met the requirement of being above this threshold for at least 15 out of 30 trading days [1]. - The board of directors approved the early redemption of all outstanding "Wide Convertible Bonds" on July 14, 2025, and the announcement was made on July 15, 2025 [1][2]. Group 2: Redemption Details - The redemption price for the convertible bonds is set at 100.8658 CNY per bond, which includes accrued interest calculated based on a 1.00% annual interest rate over 316 days [2][3]. - A total of 4,464,000 CNY (44,640 bonds) will be redeemed, with a total payout amounting to 4,502,650.88 CNY, including accrued interest, scheduled for distribution on August 25, 2025 [4][6]. Group 3: Impact on Company - Following the redemption, the company's total share capital will increase to 280,489,356 shares, resulting in a dilution of earnings per share in the short term [6]. - The redemption amount represents 0.29% of the total issuance, indicating that it will not have a significant impact on the company's financial status, operating results, or cash flow [6]. Group 4: Shareholding Changes - The redemption will lead to a dilution in the shareholding percentages of major shareholders, including Zhangjiagang Wide Investment Holding Group, which will see its ownership decrease from 16.3531% to 15.9721% [6].

Core Points - The company has announced the early redemption of its convertible bonds, "广大的转债," with a redemption price of 100.8658 CNY per bond [1][6] - The redemption registration date is set for August 22, 2025, with the last trading day being August 19, 2025 [1][7] - The bonds will cease trading from August 20, 2025, and will be delisted from the Shanghai Stock Exchange on August 25, 2025 [1][8] Redemption Conditions - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for a specified period [2][5] - The conversion price is set at 20.80 CNY per share, and the stock price must meet certain criteria for the redemption to occur [2][4] - The company will redeem all outstanding "广大的转债" if the conditions are met [2][5] Redemption Process - The accrued interest for the bonds is calculated based on a formula, resulting in an interest of approximately 0.8658 CNY per bond [6][8] - The total redemption amount includes the face value plus accrued interest, leading to a total of 100.8658 CNY per bond [6][8] - Investors must ensure they either convert or sell their bonds before the last trading day to avoid forced redemption [2][10] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, affecting the net amount received upon redemption [8][9] - The actual amount received by individual investors after tax will be approximately 100.6926 CNY per bond [8][9]

Core Points - The company has announced the redemption of its convertible bonds, "Guangda Convertible Bonds," with a redemption price of 100.8658 CNY per bond [1][6][10] - The redemption registration date is set for August 22, 2025, and the last trading day for the bonds will be August 19, 2025 [1][7] - The bonds will be delisted from the Shanghai Stock Exchange on August 25, 2025, following the completion of the redemption [1][8] Redemption Conditions - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for a specified period [2][5] - The conversion price is set at 20.80 CNY per share, and the stock price must meet certain criteria for the redemption to occur [2][5] - The bonds will be forcibly redeemed if not converted or sold by the specified dates, potentially leading to significant investment losses for holders [2][10] Financial Details - The accrued interest for the bonds is calculated to be approximately 0.8658 CNY per bond, leading to a total redemption price of 100.8658 CNY [6][9] - The interest rate for the bonds is 1.00%, and the calculation period for the interest is from October 13, 2024, to August 25, 2025 [6][9] Investor Instructions - Investors are advised to convert or sell their bonds before the last trading day to avoid forced redemption [2][10] - The company will notify bondholders of the redemption process and related matters before the redemption period ends [6][7]

Core Viewpoint - Zhangjiagang Wide Special Materials Co., Ltd. announced the redemption and delisting of "Wide Convertible Bonds" due to the stock price meeting the conditional redemption criteria [1] Summary by Sections Redemption Announcement - The company triggered the conditional redemption clause as the stock price closed at or above 130% of the conversion price for at least 15 out of the last 30 trading days [1] - The redemption registration date is set for August 22, 2025, with a redemption price of 100.8658 CNY per bond [1] - The redemption payment will be issued on August 25, 2025 [1] Trading and Conversion Details - The last trading day for "Wide Convertible Bonds" is August 19, 2025 [1] - The last conversion date is August 22, 2025, after which the bonds will be delisted starting August 25, 2025 [1]

Core Points - The company will redeem all outstanding "Guangda Convertible Bonds" on August 25, 2025, following the completion of the early redemption process [1][2][7] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [6][9] - The last trading day for the bonds is August 19, 2025, and the last conversion day is August 22, 2025 [1][8] Redemption Details - The redemption registration date is August 22, 2025, and the redemption payment date is August 25, 2025 [1][7] - Investors can either trade the bonds in the secondary market or convert them at a conversion price of 20.80 CNY per share before the deadlines [2][10] - The company has triggered the conditional redemption clause due to the stock price exceeding 130% of the conversion price for a specified period [2][5] Financial Implications - The accrued interest calculation for the bonds is based on a 1.00% annual coupon rate, resulting in approximately 0.8658 CNY per bond [6][9] - After tax, the actual redemption amount for individual investors will be 100.6926 CNY per bond due to a 20% tax on interest income [8][9] Market Impact - The bonds will be delisted from the Shanghai Stock Exchange on August 25, 2025, following the redemption [2][7] - As of August 18, 2025, the market price of the bonds was 126.400 CNY, indicating a significant difference from the redemption price, which may lead to potential losses for investors who do not act in time [10]

Core Points - Zhangjiagang Wide Special Materials Co., Ltd. announced the redemption and delisting of "Wide Convertible Bonds" [1] - The redemption registration date is set for August 22, 2025, with a redemption price of 100.8658 CNY per bond [1] - The last trading day is August 19, and the last conversion day is August 22, with delisting effective from August 25 [1] - The conditional redemption clause was triggered as the company's stock price met the requirement of closing at least 130% of the current conversion price for at least 15 out of the last 30 trading days [1] - The company advises bondholders to convert or sell within the specified period to avoid investment losses [1]

Core Points - The company will redeem all outstanding "Guangda Convertible Bonds" on August 25, 2025, following the completion of the early redemption process [1][2][7] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [6][9] - The last trading day for the bonds is August 19, 2025, and the last conversion day is August 22, 2025 [1][8] Redemption Details - The redemption registration date is August 22, 2025, and the redemption payment date is August 25, 2025 [1][7] - Investors can either trade the bonds in the secondary market or convert them at a conversion price of 20.80 CNY per share before the deadlines [2][8] - The company has triggered the conditional redemption clause due to the stock price exceeding 130% of the conversion price for a specified period [2][5] Financial Implications - The accrued interest calculation for the bonds is based on a 1.00% annual coupon rate, resulting in approximately 0.8658 CNY per bond for the current interest period [6][9] - After tax, the actual redemption amount for individual investors will be 100.6926 CNY per bond due to a 20% tax on interest income [8][9] Market Impact - The bonds will be delisted from the Shanghai Stock Exchange on August 25, 2025, following the redemption [2][7] - As of August 15, 2025, the market price of the bonds was 125.949 CNY, indicating a significant difference from the redemption price, which may lead to potential losses for investors who do not act in time [10]

Core Points - The company announced the early redemption of its convertible bonds "Guangda Convertible Bonds" with the last trading day on August 19, 2025, and the last conversion day on August 22, 2025 [1][2][5] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [3][12] - The bonds will be delisted from the Shanghai Stock Exchange starting August 25, 2025 [3][21] Redemption Details - The redemption registration date is August 22, 2025, and the redemption payment date is August 25, 2025 [5][19] - Investors can either trade the bonds in the secondary market or convert them at a price of 20.80 CNY per share before the last trading day [3][20] - The company triggered the conditional redemption clause as the stock price met the required threshold of 130% of the conversion price for at least 15 trading days within a 30-day period [4][10] Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, where B is the total face value, i is the annual coupon rate, and t is the number of days [8][16] - For the current interest period, the coupon rate is 1.00%, and the total days from the last interest payment to the redemption date is 316 days [14][15] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6926 CNY per bond after tax [22] - Non-resident enterprises are exempt from corporate income tax on bond interest income until December 31, 2025 [23]

Core Points - The announcement from Guangda Special Materials indicates that the last trading day for "Guangda Convertible Bonds" is August 19, 2025, which is only three trading days away from the announcement date [1] - The last conversion date for the "Guangda Convertible Bonds" is August 22, 2025, which is six trading days away from the announcement date [1] - The company advises bondholders to convert or sell their bonds within the specified time frame to avoid potential investment losses [1]

Core Points - The actual controller of Zhangjiagang Guangda Special Materials Co., Ltd. experienced a change in equity that touched the 1% threshold [1] - From July 29 to August 13, 2025, the total share capital increased from 263,024,510 shares to 273,954,690 shares due to the conversion of "Guangda Convertible Bonds" [1] - The equity ratio of the actual controller decreased from 23.67% to 22.85% [1] - On August 13, Xu Weiming converted 74,050 "Guangda Convertible Bonds," resulting in an increase of 356,009 shares held [1]