Core Points - The company announces the redemption and delisting of "Luokai Convertible Bonds" effective from November 18, 2025 [2][4] - The last conversion date for the bonds is November 20, 2025, with only one trading day remaining before this date [3][14] - Following the early redemption, the bonds will be delisted from the Shanghai Stock Exchange starting November 21, 2025 [4][15] Redemption Details - The redemption price is set at 100.0384 CNY per bond, which includes accrued interest [6][10] - The redemption registration date is November 20, 2025, and the payment date for the redemption will be November 21, 2025 [6][13] - The bonds will be forcibly redeemed at the specified price if not converted by the last conversion date [4][16] Conditions for Redemption - The redemption conditions have been met as the company's stock price has been above 130% of the conversion price for at least 15 trading days [5][8] - The conversion price is set at 15.33 CNY per share, and the stock price must be at least 19.929 CNY for the redemption to be triggered [5][8] Investor Guidance - Investors are advised to convert their bonds within the specified timeframe to avoid forced redemption [4][17] - The company will notify bondholders of the redemption details through a prompt announcement before the redemption period ends [11][12]

Core Points - Luokai Co., Ltd. announced that the last trading day for "Luokai Convertible Bonds" is November 20, 2025, which is one trading day away from the announcement date [2] - After the early redemption, "Luokai Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting November 21, 2025 [2] - Investors can either continue trading the bonds in the secondary market within the specified time or convert them at a price of 15.33 CNY per share; otherwise, they will be forced to redeem at a face value of 100 CNY per bond plus accrued interest, totaling 100.0384 CNY per bond [2] - The forced redemption may lead to significant investment losses for bondholders [2] - Trading of "Luokai Convertible Bonds" has been suspended, and bondholders are reminded to convert their bonds within the deadline [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 - Luokai Co., Ltd. announced that investors holding "Luokai Convertible Bonds" can either continue trading in the secondary market within the specified time or convert at a price of 15.33 CNY per share. If forced redemption occurs, investors may face significant losses [2] Summary by Category - **Company Announcement** - Luokai Co., Ltd. released a notice regarding the options available to investors holding "Luokai Convertible Bonds" [2] - The conversion price is set at 15.33 CNY per share, and the bonds can also be traded in the secondary market [2] - **Redemption Terms** - If investors do not take action, they will be forced to redeem the bonds at a face value of 100 CNY per bond plus accrued interest, totaling 100.0384 CNY per bond [2] - The potential for forced redemption raises concerns about significant investment losses for bondholders [2]

Core Viewpoint - The announcement from Luokai Co., Ltd. indicates that as of November 14, 2025, a total of 22,576,338 shares have been converted from the "Luokai Convertible Bonds," increasing the total number of company shares to 182,576,338 [1] Summary by Relevant Sections - **Shareholder Impact** - Due to the conversion of convertible bonds, the combined shareholding percentage of the largest shareholder, Luohui Investment, and its concerted parties, Luoteng Investment and Luosheng Investment, has been diluted from 48.95% to 47.98%, reaching a 1% integer threshold [1] - This dilution does not involve a change in the number of shares held and does not trigger a mandatory tender offer, ensuring that there will be no change in the largest shareholder or the actual controller [1] - **Convertible Bonds Status** - The "Luokai Convertible Bonds" are currently in the conversion period, and any subsequent changes in equity will be disclosed by the company in accordance with regulations [1]

Core Points - The last trading day for Luokai Convertible Bonds and Chenfeng Convertible Bonds is November 17, 2025, with the final conversion day on November 20, 2025, urging investors to act promptly to avoid significant losses [4][8][13] - As of November 14, 2025, the closing prices for Luokai and Chenfeng Convertible Bonds were 130.140 CNY and 155.357 CNY respectively, indicating potential losses of over 23% and 35% if investors do not take timely action [13] - Luokai Convertible Bonds have a redemption price of 100.0384 CNY per bond, while Chenfeng Convertible Bonds have a redemption price of 100.6164 CNY per bond [7][11] Summary by Category Luokai Convertible Bonds - The last trading day is November 17, 2025, and the last conversion day is November 20, 2025, with a reminder for bondholders to sell or convert their bonds [4][8] - The closing price on November 14, 2025, was 130.140 CNY, with a potential loss exceeding 23% if not acted upon [13] - The redemption price is set at 100.0384 CNY per bond, with the redemption date on November 21, 2025 [7] Chenfeng Convertible Bonds - The last trading day is also November 17, 2025, and the last conversion day is November 20, 2025, urging investors to take necessary actions [9][12] - The closing price on November 14, 2025, was 155.357 CNY, indicating a potential loss of over 35% if investors do not act [13] - The redemption price is 100.6164 CNY per bond, with the redemption date on November 21, 2025 [11]

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 Viewpoint - The article discusses the status of various convertible bonds, highlighting that certain bonds will not undergo adjustments, which may impact investor strategies and market dynamics [1][3]. Group 1: Convertible Bonds Status - Xingrui Convertible Bond (127090) and Meinuo Convertible Bond (113618) will not be adjusted, with announcements made on November 13, 2025 [1]. - The current prices and redemption values of several convertible bonds are provided, indicating their market performance and potential for investors [3][5]. Group 2: Market Data Overview - The current price of Tongcheng Convertible Bond (113621) is 125.708, with a redemption price of 101.440 and a conversion value of 126.17 [3]. - The remaining scale of various convertible bonds is detailed, with notable figures such as Hengbang Convertible Bond (127086) having a remaining scale of 8.029 billion [3]. - The flow market ratio for several bonds is presented, indicating their relative size in the market, such as the flow market ratio for Fenghuo Convertible Bond (110062) being 8.33% [5].

Core Points - Luokai Co., Ltd. announced that the last conversion date for "Luokai Convertible Bonds" is November 20, 2025, with only six trading days remaining until this date [1] - After the early redemption is completed, "Luokai Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting November 21, 2025 [1] - Investors holding "Luokai Convertible Bonds" can either trade in the secondary market within the specified time or convert at a price of 15.33 CNY per share, otherwise, they will face forced redemption at a price of 100 CNY per bond plus accrued interest, totaling 100.0384 CNY per bond [1] - The company warns that forced redemption may lead to significant investment losses for bondholders [1]

Core Points - The announcement discusses the equity change of Jiangsu Luokai Electromechanical Co., Ltd. due to the conversion of convertible bonds, resulting in a dilution of the first major shareholder's stake from 49.99% to 48.95% [2][3][5] - The equity change does not trigger a mandatory takeover and will not lead to a change in the company's major shareholder or actual controller [3][7] Group 1: Convertible Bond Details - The company issued 4,034,310 convertible bonds with a total fundraising amount of RMB 403.431 million, with a maturity of 6 years [4] - The initial conversion price was set at RMB 15.45 per share, which has been adjusted to RMB 15.33 per share [4] - As of November 10, 2025, a total of 18,975,454 shares have been converted from the bonds, increasing the total shares to 178,975,454 [5] Group 2: Redemption Information - The company plans to redeem the convertible bonds on November 21, 2025, at a price of RMB 100.0384 per bond, including accrued interest [10][14] - The last trading day for the bonds is November 17, 2025, and the last conversion day is November 20, 2025 [21][22] - Investors must convert or sell their bonds before the redemption date to avoid forced redemption [10][23]