Core Viewpoint - The company announced that there were no valid repurchase applications for its convertible bonds during the designated period, indicating a lack of investor interest in redeeming the bonds [1][2]. Group 1: Announcement Details - The repurchase period for the convertible bonds, referred to as "Haiyou Convertible Bonds," was from August 12, 2025, to August 18, 2025 [1][2]. - The repurchase price for the bonds was set at 100.22 RMB per bond, including the current interest [2]. - The effective repurchase application quantity was reported as 0 bonds, resulting in a total repurchase amount of 0 RMB [2]. Group 2: Impact of the Repurchase - The lack of repurchase applications will not affect the company's cash flow, asset status, or share capital situation [2]. - The unredeemed "Haiyou Convertible Bonds" will continue to be traded on the Shanghai Stock Exchange [2].

Key Points - The company announced a repurchase price of 100.22 RMB per bond, including current interest [1][5] - The repurchase period is set from August 12, 2025, to August 18, 2025 [1][5] - The payment date for repurchase funds is August 21, 2025 [1][5] - The repurchase is not mandatory for bondholders [1][5] - The company issued 6.94 million convertible bonds on June 23, 2022 [1][2] - A bondholder meeting will be held on August 1, 2025, to approve the termination of one fundraising project and redirect remaining funds to a new project [1][3] - The terminated project is the "Annual Production of 200 Million Square Meters of Photovoltaic Packaging Adhesive Film Project (Phase I)" [1][3] - The new project is the "Annual Production of 2 Million Square Meters of PDLC Light Control Film Product Construction Project (Phase I)" [1][3] - The additional repurchase clause is activated due to significant changes in the use of raised funds [2][3] - The bondholders have the right to sell back all or part of their convertible bonds during the repurchase period [4][5] - The bond's coupon rate for the fourth year is 1.60%, with interest calculated for 50 days [4][5] - The repurchase process requires bondholders to submit their repurchase requests through the Shanghai Stock Exchange trading system [5][6] - The bonds will continue to trade during the repurchase period, but conversion will be suspended [5][6] - If the total face value of the convertible bonds falls below 30 million RMB due to repurchase, trading will continue until the end of the repurchase period [6]

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]

Key Points - The company announced a repurchase price of 100.22 RMB per bond, including accrued interest [1][5] - The repurchase period is set from August 12, 2025, to August 18, 2025 [1][5] - The payment date for repurchase funds is August 21, 2025 [1][5] - The repurchase is not mandatory for bondholders [1][5] - The company issued 6.94 million convertible bonds on June 23, 2022 [1][3] - A bondholder meeting will be held on August 1, 2025, to discuss the termination of a specific fundraising project and the reallocation of remaining funds to a new project [1][3] - The new project involves the construction of a 2 million square meter PDLC light control film production line [1][3] Repurchase Terms - The repurchase clause is activated due to significant changes in the use of raised funds compared to the commitments in the prospectus [2][3] - Bondholders can sell back all or part of their convertible bonds at face value plus accrued interest [3][4] - The accrued interest calculation is based on a 1.60% annual interest rate for 50 days [4][5] Repurchase Process - Bondholders must submit their repurchase requests through the Shanghai Stock Exchange trading system during the specified period [5][6] - The repurchase price includes accrued interest, totaling 100.22 RMB per bond [5][6] - The bonds will continue to trade during the repurchase period, but conversion to shares will be halted [5][6]

Core Viewpoint - Haiyou New Materials announced that convertible bondholders can choose to sell their "Haiyou Convertible Bonds" at a price of 100.22 yuan per bond, including current interest, which may lead to potential losses for bondholders as the market price is currently higher than the repurchase price [1] Summary by Relevant Sections - Convertible Bond Details - The repurchase price for "Haiyou Convertible Bonds" is set at 100.22 yuan per bond, including interest [1] - The closing price of "Haiyou Convertible Bonds" is currently above the repurchase price, indicating a potential loss for those who choose to sell [1]

Group 1 - The core viewpoint of the article is the verification opinion regarding the repurchase of "Haiyou Convertible Bonds" by Shanghai Haiyouwei New Materials Co., Ltd. [1] - The total amount of funds raised from the issuance of convertible bonds is RMB 694 million, with a net amount of RMB 691.4 million after deducting issuance costs [1][2] - The company has established a special account for the management and use of the raised funds to protect investors' rights [1] Group 2 - The repurchase clause of the "Haiyou Convertible Bonds" was triggered due to the termination of a specific fundraising project and the reallocation of remaining funds to a new project [2] - The additional repurchase clause allows bondholders to sell back their bonds at face value plus accrued interest if there are significant changes in the use of raised funds [2][3] - The repurchase period is set from August 12, 2025, to August 18, 2025, with a repurchase price of RMB 100.22 per bond [4] Group 3 - The company will continue to trade "Haiyou Convertible Bonds" during the repurchase period, but conversion to shares will be suspended [4][5] - If the total circulation value of the convertible bonds falls below RMB 30 million due to repurchases, trading will still continue until the end of the repurchase period [5] - The verification opinion from the sponsor institution confirms that the repurchase matters comply with relevant regulations and agreements [5]

Core Viewpoint - The company announced the suspension of the conversion of its convertible bonds "Haiyou Convertible Bonds" during the repurchase period, affecting the trading status of its related securities [1][2]. Group 1: Repurchase Details - The company issued 6.94 million convertible bonds on June 23, 2022, under the name "Haiyou Convertible Bonds" [2]. - The company will hold a temporary shareholders' meeting on August 1, 2025, to discuss the termination of one of the fundraising projects and the reallocation of remaining funds to a new project [2][3]. - The repurchase price for the convertible bonds is set at 100.22 RMB per bond, including accrued interest [4][6]. - The repurchase period is from August 12, 2025, to August 18, 2025, with funds to be disbursed on August 21, 2025 [4][6]. Group 2: Repurchase Rights and Procedures - Holders of "Haiyou Convertible Bonds" have the right to sell back all or part of their unconverted bonds during the repurchase period, but this repurchase is not mandatory [6][7]. - The repurchase process requires bondholders to submit their sell orders through the Shanghai Stock Exchange trading system during the specified period [6][7]. - If the total face value of the convertible bonds falls below 30 million RMB after the repurchase, trading will continue until the end of the repurchase period [7].

Group 1 - The bondholders' meeting for the "Haiyou Convertible Bonds" was held on August 1, 2025, with a total of 24 participants representing 251,200 convertible bonds, accounting for 3.6199% of the total outstanding bonds [1][2] - The meeting was convened by the company's board of directors and chaired by the chairwoman, Li Xiaoyu, following the regulations of the Company Law and the company's articles of association [2] - The resolutions passed during the meeting are binding on all bondholders, including those who did not attend or voted against the resolutions [1][2] Group 2 - The legal representatives confirmed that the procedures for convening and holding the bondholders' meeting complied with relevant laws and regulations, with no legal flaws identified [2]

Summary of Key Points Core Viewpoint - The convertible bond market showed a mixed performance with the China Convertible Bond Index rising by 0.18% to 457.23, and a total trading volume of 763.87 billion yuan on the day [1]. Group 1: Convertible Bond Performance - A total of 461 convertible bonds were traded, with 315 rising, 1 unchanged, and 145 declining [1]. - Notable gainers included: - Huiche Tui Bond (404004) up by 33.35% - Dongjie Bond (123162) up by 20.0% - Qizheng Bond (128133) up by 18.03% [2]. - Significant losers included: - Emergency Bond (123048) down by 15.6% - Tianlu Bond (110060) down by 7.79% - Dayu Bond (123063) down by 7.01% [2]. Group 2: Corresponding Stock Performance - Among the stocks corresponding to the traded convertible bonds, 288 rose, 17 remained unchanged, and 156 fell [1]. - Stocks with notable increases included: - Dongjie Intelligent (300486) hitting the daily limit, up by 20.0% - Shuangliang Energy (600481) hitting the daily limit, up by 10.05% [1]. - Stocks with significant declines included: - ST Emergency (300527) hitting the daily limit, down by 19.98% [1].

Core Viewpoint - The company is convening the first bondholders' meeting for the "Haiyou Convertible Bonds" in 2025 to discuss the termination of certain fundraising projects and the reallocation of remaining funds to new projects, which is seen as a strategic decision to enhance operational efficiency and align with market demands [7][8]. Meeting Procedures - The meeting will ensure the legal rights of all bondholders and maintain order, allowing only authorized participants to attend [1][2]. - Bondholders must sign in and present necessary documentation to participate in the meeting [2][3]. - The meeting will follow a structured agenda, including the announcement of attendees and their voting rights [5][7]. Agenda Items - The primary agenda item is the proposal to terminate the "Annual Production of 200 Million Square Meters of Photovoltaic Packaging Glue Film Project (Phase I)" and redirect the remaining funds to a new project for "Annual Production of 2 Million Square Meters of PDCLC Light Control Film Products (Phase I)" with an investment scale of 250 million yuan [7][8]. - The decision to terminate the previous project and initiate a new one is based on market conditions and the company's strategic development plan [8]. Voting and Rights - Bondholders will have the right to express their opinions and vote on the proposals, with each bond representing one vote [4][6]. - The meeting will utilize both on-site and remote voting methods, ensuring transparency and accountability in the decision-making process [4][5].