Core Viewpoint - Shenzhen Longke Intelligent Electric Co., Ltd. has announced changes to its registered capital and amendments to its articles of association following the approval from the China Securities Regulatory Commission for the issuance of convertible bonds [1][2]. Summary by Sections Changes to Registered Capital - The company has changed its registered capital from RMB 268,127,372 to RMB 306,371,334, reflecting the conversion of 3,781,730 convertible bonds into 38,268,831 shares [2][4]. Amendments to Articles of Association - The amendments include updates to various articles to comply with the revised regulations of the Shenzhen Stock Exchange and to reflect the company's actual situation [2][3]. - Specific changes include the definition of the legal representative and the responsibilities associated with it, as well as the rights and obligations of shareholders [3][4]. Authorization for Business Registration Changes - The board of directors has requested authorization from the shareholders' meeting to handle the business registration changes and related documentation, with the authorization valid until the completion of the registration process [2][3].

Group 1 - The core point of the announcement is the update on the conversion of the company's convertible bonds into shares, with a total of 31,822,931 shares converted in the first quarter of 2025 [1][2] - The latest conversion price for the convertible bonds is set at RMB 9.88 per share [1] - Since the issuance of the convertible bonds, a total of 3,148,400 bonds have been converted into 31,858,994 shares of the company [1][2] Group 2 - The company issued 3.8 million convertible bonds on February 9, 2021, with a face value of RMB 100 each, totaling RMB 380 million [1][2] - The convertible bonds were listed and began trading on March 16, 2021, under the name "朗科转债" and code "123100" [2] - The conversion period for the bonds started on August 23, 2021, and will end on April 8, 2025, due to the triggering of conditional redemption clauses [2] Group 3 - As of March 31, 2025, the remaining convertible bonds amount to 651,600, with a total face value of RMB 65,160,000 [2] - The total share capital of the company increased from 268,138,566 shares to 299,961,497 shares after the conversion [2]

Core Viewpoint - Shenzhen Longke Intelligent Electric Co., Ltd. has announced the early redemption of its convertible bonds ("Longke Convertible Bonds") at a price of 100.32 yuan per bond, which includes tax, and advises bondholders to convert their bonds into shares within the specified period to avoid forced redemption [1][2][3] Summary by Sections Convertible Bond Basic Information - The company issued 3.8 million convertible bonds on February 9, 2021, with a total amount of 380 million yuan [2][3] - The bonds were listed on the Shenzhen Stock Exchange on March 16, 2021, under the code "123100" [3] Conversion Period and Price Adjustments - The conversion period for the bonds started on August 23, 2021, and will end on February 8, 2027 [3] - The current conversion price is 9.88 yuan per share, adjusted from previous prices due to equity distributions [5][6] Conditional Redemption Trigger - The redemption condition was triggered as the stock price met the requirement of being at least 130% of the conversion price (12.85 yuan) for 15 out of 30 trading days from February 20 to March 17, 2025 [2][6] Redemption Details - The redemption price is set at 100.32 yuan per bond, which includes accrued interest calculated based on a 2% annual interest rate for 58 days [6][7] - The redemption will occur on April 9, 2025, with funds transferred to bondholders' accounts by April 16, 2025 [8] Bondholder Actions - Bondholders are advised to convert their bonds before the redemption date to avoid losses, especially if their bonds are pledged or frozen [1][2] - The minimum conversion unit is 1 bond, and any fractional shares resulting from conversion will be compensated in cash [9]