Core Viewpoint - The company announces the redemption of its convertible bond "Xing Shuai Zuan 2" due to the triggering of conditional redemption clauses based on stock price performance [1][4]. Group 1: Convertible Bond Issuance - The company issued 4.629 million convertible bonds on June 14, 2023, with a total value of 462.90 million yuan [1]. - The initial conversion price was set at 13.35 yuan per share, which was later adjusted to 13.36 yuan per share on September 26, 2023, and further adjusted to 13.26 yuan per share on May 23, 2024 [2][3]. Group 2: Redemption Conditions - The redemption was triggered as the stock price was at least 130% of the conversion price (8.10 yuan) for 15 trading days from February 20 to March 18, 2025 [4]. - The board of directors approved the early redemption of "Xing Shuai Zuan 2" on March 18, 2025, based on current market conditions [4]. Group 3: Redemption Details - The redemption price is set at 100.41 yuan per bond, which includes accrued interest calculated based on a 0.5% annual coupon rate [5]. - The redemption will be executed for all bondholders registered by the close of trading on April 9, 2025 [6]. Group 4: Trading Activity of Major Shareholders - The company's major shareholder, Chen Lijuan, sold all her holdings of "Xing Shuai Zuan 2" (1,291,075 bonds) within the six months prior to the redemption conditions being met [7].

Group 1 - The core viewpoint of the article highlights that the AH premium has dropped below 130, marking a rare occurrence [1] - This level is noted to be the lowest in approximately five years, with the last instance below 130 occurring in 2020, while it was as high as 155 just a year ago [2] Group 2 - Fangyuan Co., Ltd. plans to reduce its shareholding by no more than 3% [3] - Hefeng Co., Ltd. intends to reduce its shareholding by no more than 1.27% [3] - Huayou Cobalt's subsidiary has signed a strategic cooperation agreement with Weilan New Energy Technology [3] - Certain convertible bonds, including Jia Yuan Convertible Bond, Tian 23 Convertible Bond, and Jinggong Convertible Bond, will not undergo adjustments [3]