Core Points - The company has decided to redeem a total of 2,024,000 yuan (20,240 bonds) of its convertible bonds, "Yongan Convertible Bonds," due to the fulfillment of redemption conditions as per the bond issuance prospectus [1][2] - The redemption price is set at 101.4301 yuan per bond, which includes accrued interest calculated based on a 2.00% annual coupon rate [2][3] - The total redemption amount, including accrued interest, is 2,052,944.98 yuan, and the payment date for the redemption is scheduled for August 12, 2025 [4] Redemption Details - The company convened a board meeting on July 14, 2025, to approve the early redemption of the "Yongan Convertible Bonds" [1] - The bonds will be redeemed for all holders registered with the China Securities Depository and Clearing Corporation Shanghai Branch as of August 11, 2025 [2] - The bonds ceased trading on August 7, 2025, and any unconverted bonds will be frozen after the redemption date [4] Conversion and Share Structure - As of August 11, 2025, a total of 884,456,000 yuan of "Yongan Convertible Bonds" has been converted into 59,403,720 shares, representing 31.67% of the total shares before conversion [3][4] - Following the redemption, the company's total share capital will increase to 280,760,572 shares, which may dilute earnings per share in the short term but is expected to strengthen the company's capital structure in the long run [4]

Core Points - The company has announced the redemption of its convertible bonds, "Yongan Convertible Bonds," due to the stock price meeting the redemption conditions [2][3] - The redemption price is set at 101.4301 CNY per bond, which includes accrued interest [4][5] - The last trading day for the bonds is August 6, 2025, and they will cease trading from August 7, 2025 [6][7] Redemption Details - Redemption registration date is August 11, 2025, with the redemption payment date on August 12, 2025 [1][6] - The bonds will be delisted from the Shanghai Stock Exchange on August 12, 2025 [6] - Investors can either trade the bonds in the secondary market or convert them at a conversion price of 14.22 CNY per share before the last conversion date [1][6] Conditions for Redemption - The stock price must remain above 130% of the conversion price (18.49 CNY) for 15 consecutive trading days, which has been satisfied [2][3] - The accrued interest calculation is based on a formula involving the principal amount, interest rate, and the number of days [4] Tax Implications - Individual investors are subject to income tax on bond interest, while foreign institutions are temporarily exempt from corporate income tax and VAT on bond interest until December 31, 2025 [5] Contact Information - For further inquiries, investors can contact the company's board office at 0519-81282003 [8]

Core Points - The company, Yong'an Xing, announced on the evening of August 7 that it is reminding holders of "Yong'an Convertible Bonds" to pay attention to the deadline for conversion into shares [2] Summary by Category - **Company Announcement** - Yong'an Xing issued a notice regarding the importance of the conversion deadline for its convertible bondholders [2]

Group 1: New Stock Issuances - China Heavy Industry (601989) has a cash option declaration period from August 13, 2025[1] - China Shipbuilding (600150) has a buyback request period from August 13 to August 15, 2025[1] - Shenkai Co. (002633) has a tender offer period from July 29 to August 27, 2025[1] Group 2: Tender Offers and Mergers - ST Kelly (300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (601989) is involved in an absorption merger[1] Group 3: Abnormal Fluctuations - Tianlu Convertible Bond (110060) reported severe abnormal fluctuations on July 30, 2025[2] - Henghe Precision (300539) reported abnormal fluctuations on July 29, 2025[2] - ST Suwu (600200) reported abnormal fluctuations on August 6, 2025[2]

Core Points - The company has announced the early redemption and delisting of its convertible bonds, "Yongan Convertible Bonds" [1][4][17] - The redemption registration date is set for August 11, 2025, and trading will cease on August 7, 2025 [2][16] - The last conversion date for the bonds is also August 11, 2025, with only three trading days remaining until this date [3][16] Redemption Details - The bonds will be redeemed at a price of 101.4301 yuan per bond, which includes the face value and accrued interest [4][10] - The accrued interest is calculated to be 1.4301 yuan per bond based on a 2.00% annual interest rate over 261 days [11][12] - The redemption payment date is set for August 12, 2025 [6][15] Conditions for Redemption - The redemption condition has been met as the company's stock price was above 130% of the conversion price for at least 15 trading days [5][9] - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million yuan [7] Investor Guidance - Investors are advised to convert their bonds within the specified period to avoid forced redemption [4][19] - After the redemption registration date, unconverted bonds will be frozen and will be redeemed at the specified price [18] Additional Information - The bonds will be delisted from the Shanghai Stock Exchange starting August 12, 2025 [17] - The company will notify bondholders of the redemption results and its impact after the redemption process is completed [14]

Core Viewpoint - The convertible bond conversion process of Yong'an Hang is nearing completion after a lengthy four-year struggle, with the unconverted bond ratio dropping to 13.61% as of August 4, 2023, following a series of announcements regarding the bond's delisting and conversion timeline [1][6]. Group 1: Convertible Bond Details - Yong'an Hang announced that its "Yong'an Convertible Bond" will be delisted from the Shanghai Stock Exchange on August 12, 2025, with the last conversion date set for August 11, 2025, and a conversion price of 14.22 yuan per share [2]. - The bond was initially issued on December 23, 2020, with a total scale of 886.48 million yuan and a six-year term, entering the conversion period on May 31, 2021, with an initial conversion price of 20.34 yuan per share [2][3]. - The bond's unconverted ratio was as high as 82.8% due to the company's long-term low stock price, which reached a historical low of 7.13 yuan in February 2024 [3][6]. Group 2: Company Financials and Challenges - Yong'an Hang has faced continuous losses for three consecutive years, with an expected net loss of 62 million to 80 million yuan for the first half of 2025, primarily due to insufficient growth in its public bicycle project and delayed payments from government clients [8][10]. - The company has announced a significant delay in its core fundraising project, extending the timeline for the "Smart System Design and Deployment Project" from November 2022 to December 2027, citing macroeconomic impacts and operational challenges [10][11]. - Yong'an Hang's recent fundraising efforts include an 840 million yuan private placement at a price of 11.70 yuan per share, which is approximately 54% of the current market price, raising questions about the necessity of this financing given the company's current cash position and previous fundraising performance [10][11].

Group 1 - The core point of the news is that the Feilu convertible bond is approaching its last trading day, with a significant price difference between the market price and the redemption price, potentially leading to substantial losses for investors who do not act in time [1][4][5] - The last trading day for Feilu convertible bond is August 5, and it will stop trading after the market closes on that day [4][5] - Investors have until August 8 to convert their bonds into shares, after which any unconverted bonds will be forcibly redeemed at a price of 100.55 yuan per bond [5][8] Group 2 - As of August 5, the market price of Feilu convertible bond was 151.94 yuan, indicating a potential loss of 33.82% for investors who fail to convert or sell [1][5] - The unconverted proportion of Feilu convertible bond stands at 31%, with a total bond balance of 0.54 billion yuan [5] - Other convertible bonds, such as Yong'an, Liande, Qilu, and Chujian, are also facing redemption, with potential losses ranging from 17.10% to 33.83% if investors do not act promptly [10]

Core Viewpoint - The article discusses the early redemption of Feilu Convertible Bonds, highlighting the significant price difference between the market and redemption price, which poses a risk for investors who do not act in time [1][5][10]. Group 1: Feilu Convertible Bonds - Feilu Convertible Bonds will have their last trading day on August 5, with a market price of 151.94 CNY per bond, significantly higher than the redemption price of 100.55 CNY, indicating a potential loss of 33.82% for investors who do not convert or sell in time [1][5]. - The last conversion day for Feilu Convertible Bonds is August 8, after which any unconverted bonds will be forcibly redeemed at 100.55 CNY per bond [5][8]. - As of the latest data, 31% of Feilu Convertible Bonds remain unconverted, with a total bond balance of 0.54 billion CNY [5][6]. Group 2: Other Convertible Bonds - Other convertible bonds such as Yong'an, Liande, Qilu, and Chuanjiang will also face early redemption on August 6 and August 8, with potential losses of 33.83%, 22.76%, 17.10%, and 32.17% respectively for investors who do not act [10]. - The early redemption of convertible bonds is attributed to the continuous rise in bank stock prices, which triggers strong redemption conditions for several banks' convertible bonds [11]. - Investors are advised to sell their convertible bonds before the last trading day or convert them, as the trading rules change from T+0 to T+1 after conversion [11].

Core Viewpoint - The article highlights the imminent last trading days for several convertible bonds, particularly emphasizing the risks for investors who do not act in time, potentially leading to significant losses. Group 1: Flying Deer Convertible Bond - The last trading day for Flying Deer Convertible Bond is August 5, with a closing price of 157.80 yuan per bond as of August 4, indicating a potential loss exceeding 36% for investors who fail to act promptly [5][8]. - After August 8, any unconverted Flying Deer Convertible Bonds will be frozen and cease trading, with a forced redemption price of 100.55 yuan per bond [5][8]. - As of August 4, there remains a balance of 0.55 billion yuan of Flying Deer Convertible Bonds that have not been traded or converted, accounting for over 31% of the total [8]. Group 2: Other Convertible Bonds - Other convertible bonds, including Lian De, Yong An, Qi Lu, and Chu Jiang, will also reach their last trading days this week, specifically on August 6 and August 8 [10][14]. - Lian De Convertible Bond has a last trading day of August 6, with a forced redemption price of 101.70 yuan per bond after August 11 [10]. - Yong An Convertible Bond will also have its last trading day on August 6, with a forced redemption price of 101.4301 yuan per bond after August 11 [14]. - Qi Lu Convertible Bond's last trading day is August 8, with a forced redemption price of 100.7068 yuan per bond after August 13 [19]. - Chu Jiang Convertible Bond will stop trading on August 11, with a forced redemption price of 100.389 yuan per bond after August 13 [19]. - As of August 4, the remaining balances for Lian De, Yong An, Qi Lu, and Chu Jiang Convertible Bonds are 0.74 billion, 1.04 billion, 10.36 billion, and 2.78 billion yuan respectively, representing over 35%, 11%, 12%, and 15% of their total [24].

Core Points - The company has announced the early redemption of its convertible bonds, "Yongan Convertible Bonds," due to the stock price exceeding the redemption threshold [2][3] - The redemption price is set at 101.4301 CNY per bond, with the redemption date on August 12, 2025 [4][6] - The last trading day for the bonds is August 6, 2025, and the last conversion day is August 11, 2025 [6][7] Redemption Conditions - The redemption was triggered as the stock price was above 130% of the conversion price for 15 consecutive trading days, specifically reaching 18.49 CNY per share [2][3] - The bonds will be redeemed for their face value plus accrued interest, calculated to be 1.4301 CNY per bond [4] Important Dates - Redemption registration date: August 11, 2025 [6] - Redemption payment date: August 12, 2025 [6] - Last trading day: August 6, 2025 [6] Investor Guidance - Investors are advised to either convert their bonds at the conversion price of 14.22 CNY or sell them in the secondary market before the last trading day [6][8] - After the redemption registration date, unconverted bonds will be frozen and redeemed at the specified price [7]