Core Viewpoint - The article highlights the overdue status of commercial acceptance bills issued by the company, indicating potential liquidity issues and financial management concerns [1]. Group 1 - As of July 31, 2025, the total overdue balance of commercial acceptance bills amounts to 18.58 million yuan, with 1.80 million yuan already paid [1]. - The remaining unpaid overdue commercial acceptance bills total 16.78 million yuan [1]. Group 2 - The article provides a brief overview of various convertible bonds, including their redemption status and adjustments, indicating market activity and investor interest [2]. - Specific convertible bonds mentioned include Tian23, Huamao, Yaoshi, and others, with varying statuses on redemption and adjustments [2].

Group 1 - The company announced the repurchase of its convertible bonds, allowing holders to sell back their bonds during a specified period at a price of RMB 100.432 per bond, including interest and tax [1][2] - The repurchase period was from June 3, 2025, to June 9, 2025, and the total valid repurchase amount was 48 bonds, totaling RMB 4,820.73, including interest and tax [2][3] - The repurchase will not significantly impact the company's financial status, capital structure, operating results, or cash flow, and will not harm its debt servicing ability or ongoing operations [3] Group 2 - Unredeemed convertible bonds will continue to be traded on the Shenzhen Stock Exchange [3]

Summary of Key Points Core Viewpoint - The company announces the conditional redemption of its convertible bonds, "Changhong Convertible Bonds," due to the stock price falling below a specified threshold, allowing bondholders to sell their bonds back to the company at a predetermined price [1][4]. Group 1: Redemption Conditions - The redemption condition is triggered when the company's stock price remains below 70% of the conversion price (CNY 26.79) for 30 consecutive trading days, which equates to a price of CNY 18.75 per share [1][2]. - The redemption applies to the last two interest payment years of the convertible bonds, allowing bondholders to redeem their bonds at face value plus accrued interest [1][2]. Group 2: Redemption Price and Tax Implications - The redemption price for the "Changhong Convertible Bonds" is calculated to be CNY 100.432 per bond, which includes interest and tax [3]. - Individual investors will have a net redemption amount of CNY 100.346 per bond after a 20% tax deduction on interest, while qualified foreign institutional investors (QFII and RQFII) are exempt from this tax [3]. Group 3: Redemption Process - The redemption period is set from June 3, 2025, to June 9, 2025, during which bondholders can submit their redemption requests through the Shenzhen Stock Exchange [4][5]. - The company will provide daily announcements regarding the redemption process and will handle the settlement through the China Securities Depository and Clearing Corporation [4][5].

Core Viewpoint - The company, Changhong Technology, has announced adjustments to the conversion price of its convertible bonds, reflecting changes due to stock dividends and cash distributions [1][4]. Group 1: Convertible Bond Issuance - Changhong Technology issued 4.6 million convertible bonds on April 1, 2021, approved by the China Securities Regulatory Commission [1]. - The initial conversion price was set at 28.26 CNY per share [2]. Group 2: Conversion Price Adjustments - The conversion price has undergone several adjustments: - On June 2, 2021, it was adjusted from 28.26 CNY to 28.06 CNY due to the 2020 annual equity distribution [2]. - On May 17, 2022, it was further adjusted to 27.88 CNY [2]. - On May 26, 2023, the price was adjusted to 27.68 CNY [2]. - On September 14, 2023, it was adjusted to 26.90 CNY [3]. - The latest adjustment on May 29, 2024, set the price to 26.85 CNY [3]. - The conversion price will be adjusted to 26.72 CNY effective May 29, 2025, due to a cash dividend distribution of 0.75 CNY per 10 shares [4]. Group 3: Dividend Distribution - The company will distribute a cash dividend of 0.75 CNY for every 10 shares based on a total share capital of 532,508,697 shares [4].

Group 1 - The company announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.75 RMB per 10 shares for all shareholders, with different tax treatments for various categories of investors [1][2] - The record date for the distribution is set for May 28, 2025, and the ex-dividend date is May 29, 2025 [2] - The distribution will be directly credited to the shareholders' accounts through their custodial securities companies on the ex-dividend date [2] Group 2 - In the event of changes in the total share capital before the implementation of the profit distribution plan, the total distribution amount will be adjusted while maintaining the distribution ratio [2] - The company will adjust the conversion price of its convertible bonds (Changhong Convertible Bonds; bond code: 123109) in accordance with the profit distribution, as per relevant regulations [3] - The company has provided contact information for inquiries regarding the announcement, including a phone number and address for its securities department [3]

Summary of Key Points Core Viewpoint - The company announces the conditional redemption of its convertible bonds, "Changhong Convertible Bonds," due to the stock price falling below a specified threshold, allowing bondholders to sell their bonds back to the company at a predetermined price [1][4]. Group 1: Redemption Conditions - The redemption condition is triggered when the company's stock price remains below 70% of the conversion price (CNY 26.79) for 30 consecutive trading days, which equates to a price of CNY 18.75 per share [1][2]. - The redemption period is set from June 3, 2025, to June 9, 2025, during which bondholders can exercise their right to redeem their bonds [4][5]. Group 2: Redemption Price and Interest Calculation - The redemption price for the "Changhong Convertible Bonds" is calculated to be CNY 100.432 per bond, which includes accrued interest [3]. - The accrued interest is calculated using the formula: IA = B × i × t / 365, where the interest rate (i) is 2.50% for the current interest period [3]. Group 3: Redemption Process - Bondholders must submit their redemption requests through the Shenzhen Stock Exchange trading system during the specified redemption period [4]. - The company will provide daily announcements regarding the redemption process and any updates related to the bond [4][5]. Group 4: Tax Implications - Individual investors and securities investment funds will have a 20% tax withheld on interest income, while qualified foreign institutional investors (QFII and RQFII) are exempt from this tax [3].

Group 1 - The total amount of the convertible bonds issued by Changhong Technology is 459,529,700.00 RMB [1] - The company issued 46 million RMB worth of convertible bonds, with a total of 460,000 bonds at a face value of 100.00 RMB each [2] - The net proceeds from the bond issuance, after deducting underwriting fees and other expenses, amounted to 44,773,770.00 RMB [1] Group 2 - The initial conversion price of the convertible bonds was set at 28.26 RMB per share, which was adjusted to 28.06 RMB on June 2, 2021, due to a rights distribution [2] - The conversion price has been adjusted multiple times, with the latest adjustment bringing it down to 26.79 RMB per share, effective from August 29, 2024 [3] Group 3 - As of March 31, 2025, the remaining number of convertible bonds is 4,595,297, with a total share capital of 532,508,690 shares [4] - The shareholding structure includes 163,811,713 shares with limited sale conditions, representing 30.76% of the total shares, and 368,696,977 shares with no sale restrictions, representing 69.24% [4]