Group 1 - The article expresses a pessimistic view on silver LOF due to excessive arbitrage positions and consecutive trading halts, leading to a decline in buying interest and a drop to net asset value levels [1] - BoShi Co., Ltd. plans to reduce its shareholding by no more than 2.93% [1] - Jinpu Garden plans to reduce its shareholding by no more than 0.8% [1] - ShenYu Convertible Bond is set to be listed on December 30 [1] - Xiangyuan Convertible Bond is approaching its last trading day [1] - Shuangle Convertible Bond is currently open for subscription [1] - Hong Kong stock market is on holiday [1] Group 2 - The table lists various convertible bonds, including their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [2][4][6] - Notable convertible bonds include XinHua Convertible Bond with a current price of 127.178 and a last trading date of December 22, 2025 [4] - KaiRun Convertible Bond has a current price of 114.936 and a last trading date of December 22, 2025 [6] - The article mentions specific bonds like BenGang Convertible Bond with an announcement of down adjustment and Hengshuai Convertible Bond which will not be forcibly redeemed [8]

Group 1 - The article discusses the recent performance of the stock market, highlighting a friend's experience with investing in LOF (Listed Open-Ended Fund) and the unexpected continued rise in stock prices despite warnings of potential risks [1] - The author expresses surprise at the market's resilience, noting that despite repeated advice to sell, the stocks continued to rise, leading to a sense of confusion among investors [1] Group 2 - The article includes announcements regarding various convertible bonds, such as the 百畅转债 (Bai Chang Convertible Bond) which will not undergo adjustments and has a final trading date of December 26, 2025 [3][5] - It provides detailed information on several convertible bonds, including their current prices, redemption prices, final trading dates, and conversion values, indicating the financial metrics relevant to investors [7][9]

Group 1 - Aikodi's shareholders plan to reduce their holdings by no more than 3% of the company's shares [1] - Hangxin Technology received a warning letter from the Guangdong Securities Regulatory Bureau for failing to timely disclose new borrowing matters [1] - Tianchuang Fashion is planning a change of control, resulting in a stock suspension [1] Group 2 - Blue Sky Gas's controlling shareholder, Blue Sky Group, has nearly all of its shares pledged and frozen, with an additional 37.1843 million shares newly pledged [1] - As of December 18, 2025, Blue Sky Group and its actual controller, Li Xinhua, have most of their shares pledged and frozen, with a total of 215 million shares under pending freezing and 6.5561 million shares judicially marked [1] Group 3 - Several convertible bonds are undergoing strong redemption, including the Bo23 Convertible Bond and the Furong Convertible Bond [1] - Other convertible bonds, such as the Lege Convertible Bond and the Shenghong Convertible Bond, will not undergo adjustments [1] Group 4 - The current prices and redemption prices of various convertible bonds are listed, with specific details on their last trading dates and conversion values [4][6]

Group 1 - Shandong Zhanggu received an administrative regulatory measure decision from the Shandong Securities Regulatory Bureau due to issues related to related party transactions and information disclosure violations [1] - New stocks such as Shuangxin Environmental Protection, Yufan Technology, and Qiangyi Co., Ltd. are available for subscription on the Shanghai and Shenzhen stock exchanges [1] - Huaxia Anbo Warehousing REIT (180306) has been listed [1] Group 2 - Convertible bonds data includes various bonds with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [3][5] - For example, the Yu Guang Convertible Bond (110096) has a current price of 181.919, a redemption price of 100.106, and a conversion value of 182.69, with a remaining scale of 0.018 billion [3] - The Jian Gong Convertible Bond (110064) has a current price of 112.870, a redemption price of 113.000, and a conversion value of 88.94, with a remaining scale of 12.619 billion [5]

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]

Group 1 - The core announcement is that Kai Run Co., Ltd. will forcibly redeem its convertible bonds ("Kai Run Convertible Bonds") if they are not converted by the close of trading on December 25, 2025 [2] - After the redemption, the "Kai Run Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Holders of the "Kai Run Convertible Bonds" are reminded to convert their bonds into company stock during the conversion period [2] Group 2 - The conversion period for the bonds is from December 23, 2025, to December 25, 2025, during which bondholders can convert their bonds at a conversion price of 29.15 yuan per share [2]

Summary of Key Points Core Viewpoint - The article discusses recent corporate actions and developments in the convertible bond market, highlighting shareholding changes, partnerships, and upcoming bond listings and trading dates. Group 1: Corporate Actions - Jia Mei Packaging's shareholders plan to reduce their holdings by no more than 1.16% of the company's shares [1] - Hailianxun's request for acquisition rights has ended, with trading resuming on November 19 [1] - Jiemai Technology's subsidiary, Rouzhen Technology, signed a cooperation development framework agreement with Ningde New Energy [1] Group 2: Convertible Bonds - The article lists various convertible bonds with their current prices, redemption prices, last trading dates, conversion values, remaining scales, and their proportion to the underlying stocks [1][4][6] - Notable upcoming bond listings include: - Qizhong Convertible Bond on November 21 - Maolai Convertible Bond on November 21 for subscription - Zhuomei Convertible Bond on November 24 - Other bonds with specific trading and conversion dates detailed [1][4][6] Group 3: Market Data - The article provides detailed tables of convertible bonds, including their current prices, conversion values, and market capitalization ratios, indicating the financial health and market positioning of these bonds [1][4][6]

Core Viewpoint - The article discusses recent developments in convertible bonds, including proposed share reductions, adjustments, and redemption details for various bonds [1][2][4]. Group 1: Share Reduction and Bond Adjustments - Zhengyuan Wisdom plans to reduce its repurchased shares by no more than 2.842 million shares [1]. - Dongshi Convertible Bond will undergo a downward adjustment [1]. - Yuguang Convertible Bond is subject to strong redemption [1]. - Several convertible bonds, including Polai, Ruike, Zhongte, and Leizhi, will not undergo adjustments [1]. Group 2: Convertible Bond Details - A table lists various convertible bonds with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stock [2][4]. - For instance, the current price of Chenfeng Convertible Bond is 155.357, with a conversion value of 156.23 and a remaining scale of 0.446 billion [2]. - The Yuguang Convertible Bond has a current price of 207.107, with a conversion value of 206.05 and a remaining scale of 6.826 billion [2].

Core Points - Kai Run Co., Ltd. announced that its issued "Kai Run Convertible Bonds" will mature on December 25, 2025, with a redemption price of 115 RMB per bond, including tax and the last interest payment [1] - The last trading day for the "Kai Run Convertible Bonds" is December 22, 2025, and trading will cease on December 23, 2025 [1] - The final conversion date for the bonds is December 25, 2025, and any bonds not converted by the market close on that date will be forcibly redeemed, leading to the delisting of the bonds from the Shenzhen Stock Exchange [1]

Group 1 - Shareholders of Jiaze New Energy plan to reduce their holdings by no more than 3% of the company's shares [1] - Shareholders of Zhekuang Co. intend to collectively reduce their holdings by no more than 3% of the company's shares [1] - Shareholders of Nanjing Julong plan to reduce their holdings by no more than 2.94% of the company's shares [1] Group 2 - Convertible bonds such as Jiayue Convertible Bond and Kairun Convertible Bond will not undergo adjustments [1] - Various convertible bonds are listed with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [3][5] - For instance, the current price of Keda Convertible Bond is 128.087, with a conversion value of 128.37 and a remaining scale of 0.014 billion [3]