Core Viewpoint - The company announces the redemption and delisting of "Furong Convertible Bonds" effective January 29, 2026, following the completion of the early redemption process [1][4][17]. Group 1: Redemption Details - "Furong Convertible Bonds" will stop trading from January 26, 2026 [2][20]. - The last conversion date for the bonds is January 28, 2026, with only one trading day remaining before this date [3][17]. - The redemption price is set at 100.5342 CNY per bond, which includes the face value and accrued interest [4][10][11]. - The redemption registration date is January 28, 2026, and the redemption payment date is January 29, 2026 [6][16]. Group 2: Conditions for Redemption - The redemption conditions have been met, as the company's stock price was above 130% of the conversion price (10.621 CNY) for at least 15 trading days within a 30-day period [5][8]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million CNY [5][8]. Group 3: Investor Guidance - Investors are advised to convert their bonds within the specified timeframe to avoid forced redemption at the set price [4][20]. - The company will notify bondholders of the redemption process and related matters before the redemption period ends [14].

Core Viewpoint - Furong Technology announced that investors holding "Furong Convertible Bonds" can only convert at a price of 8.17 CNY per share within the specified time frame or opt for forced redemption at a face value of 100 CNY per bond plus accrued interest, totaling 100.5342 CNY per bond, which may lead to significant investment losses for investors [2] Group 1 - The announcement specifies the conversion price for the "Furong Convertible Bonds" at 8.17 CNY per share [2] - Investors have the option of forced redemption at a total of 100.5342 CNY per bond, which includes the face value and accrued interest [2] - The potential for significant investment losses is highlighted if investors are forced to redeem their bonds [2]

Core Viewpoint The announcement details the redemption and delisting of the "Furong Convertible Bonds" (福蓉转债), effective January 29, 2026, following the fulfillment of specific redemption conditions. Group 1: Redemption Details - The "Furong Convertible Bonds" will stop trading from January 26, 2026 [2][17] - The last conversion date for the bonds is January 28, 2026, with only two trading days remaining before this date [3][17] - The bonds will be redeemed at a price of 100.5342 yuan per bond, which includes the face value and accrued interest [4][10][11] Group 2: Conditions for Redemption - The redemption condition was met as the company's stock price was above 130% of the conversion price (10.621 yuan) for at least 15 out of 30 trading days from December 1 to December 19, 2025 [5][8] - The redemption will apply to all bondholders registered by the redemption registration date of January 28, 2026 [9] Group 3: Financial Implications - The accrued interest for the bonds is calculated based on a formula that considers the principal amount, interest rate, and the number of days until redemption [7][11] - The actual amount received by individual investors after tax will be 100.4274 yuan per bond, as a 20% tax on interest income will be deducted [12] Group 4: Post-Redemption Actions - Following the redemption, the "Furong Convertible Bonds" will be delisted from the Shanghai Stock Exchange on January 29, 2026 [4][17] - The company will announce the results of the redemption and its impact on the company after the process is completed [15]

Core Viewpoint - Furong Technology announced the redemption details for its "Furong Convertible Bonds," including the redemption date and price, indicating a planned financial maneuver that may impact its stock performance and investor sentiment [1] Group 1: Redemption Details - The redemption registration date for the "Furong Convertible Bonds" is set for January 28, 2026 [1] - The redemption price is established at 100.5342 yuan per bond [1] - The payment date for the redemption amount is scheduled for January 29, 2026, with the bonds being delisted on the same day [1]

Core Viewpoint - The announcement details the conversion of "Furong Convertible Bonds" into shares of Sichuan Furong Technology Co., Ltd., indicating significant shareholder dilution and changes in the company's capital structure due to the bond conversion process [1][2]. Group 1: Convertible Bond Conversion Status - As of January 23, 2026, a total of RMB 629,449,000 of "Furong Convertible Bonds" has been converted into 69,549,894 shares, representing 10.26% of the company's total issued shares before conversion, which amounted to 67,769,000 shares [2][5]. - The amount of "Furong Convertible Bonds" that has not yet been converted stands at RMB 10,551,000, accounting for 1.65% of the total issuance [2][6]. Group 2: Convertible Bond Issuance Overview - The company issued 6.4 million convertible bonds on July 18, 2023, with a total value of RMB 64,000,000, maturing in six years from July 18, 2023, to July 17, 2029, with a tiered interest rate starting at 0.3% in the first year and reaching 2.0% by the sixth year [3]. - The bonds began trading on the Shanghai Stock Exchange on August 10, 2023, under the name "Furong Convertible Bonds" and code "113672" [3]. Group 3: Changes in Conversion Price - The initial conversion price of RMB 12.25 per share will be adjusted to RMB 10.86 per share starting June 26, 2024, due to the implementation of the 2023 profit distribution and capital reserve increase [4]. - Further adjustments will reduce the conversion price to RMB 8.17 per share effective June 20, 2025, following the 2024 profit distribution and capital reserve increase [4]. Group 4: Share Capital Changes - Following the conversion of bonds, the company's total share capital increased from 1,000,510,746 shares to 1,044,355,269 shares as of January 23, 2026, resulting in dilution of existing shareholders' equity [6].

（编辑 楚丽君） 证券日报网讯 1月23日，福蓉科技发布公告称，投资者所持"福蓉转债"除在规定时限内按照 8.17 元/股 的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期应计利息后（即 100.5342元/张）被强 制赎回。若被强制赎回，可能面临较大投资损失。 ...

Core Viewpoint - The last trading day for the convertible bonds of Furong and Huanxu is January 23, with significant potential losses for investors who do not act in time, exceeding 26% and 40% respectively [1][9]. Group 1: Convertible Bonds Information - Furong Convertible Bond closed at 136.009 CNY per bond on January 22, while Huanxu Convertible Bond closed at 170.019 CNY per bond [9]. - Investors holding Furong Convertible Bonds may face a loss of over 26% and those holding Huanxu Convertible Bonds may face a loss of over 40% if they do not act before the last trading day [9]. - As of January 22, there are still 158 million CNY of Furong Convertible Bonds and 572 million CNY of Huanxu Convertible Bonds that have not been traded or converted, representing over 24% and 16% of their respective totals [9]. Group 2: Redemption and Conversion Details - The last trading day for both Furong and Huanxu Convertible Bonds is January 23, with the last conversion day being January 28 [4][6]. - After January 28, unconverted convertible bonds will be frozen and cease trading and conversion [4][6]. - The conversion price for Furong is set at 8.17 CNY per share, while for Huanxu it is 18.58 CNY per share [6][9]. - Unconverted bonds will be forcibly redeemed at a price of 100.5342 CNY per bond for Furong and 101.6323 CNY per bond for Huanxu after the last trading day [6][9]. Group 3: Investor Actions and Risks - Investors are advised to either sell their convertible bonds or convert them into shares before the last trading day to avoid losses [10]. - The new regulations indicate that the last trading day will be marked with a "Z" to alert investors of the risks involved [10].

Core Viewpoint - The company announces the early redemption and delisting of the "Furong Convertible Bonds" (福蓉转债), with the last trading day on January 23, 2026, and the last conversion day on January 28, 2026 [2][3][18]. Redemption Details - The "Furong Convertible Bonds" will be redeemed at a price of 100.5342 yuan per bond, which includes the face value and accrued interest [3][10]. - The redemption date is set for January 29, 2026, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [3][18]. - Investors must convert or sell their bonds before the last trading day to avoid forced redemption [4][19]. Conditions for Redemption - The redemption condition was met as the company's stock price was above 130% of the conversion price (10.621 yuan) for at least 15 out of 30 trading days [5][8]. - The redemption will apply to all bondholders registered by the close of trading on January 28, 2026 [9]. Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, resulting in an interest of 0.5342 yuan per bond [11][12]. - The total redemption amount per bond is 100.5342 yuan, which is the sum of the face value and accrued interest [11][12]. Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of 100.4274 yuan after tax [12][13]. - Qualified foreign institutional investors will receive the full redemption amount without tax deductions [13]. Important Dates - Last trading day: January 23, 2026 [6][17]. - Last conversion day: January 28, 2026 [6][17]. - Redemption registration date: January 28, 2026 [6][9]. - Redemption payment date: January 29, 2026 [6][16].

Core Viewpoint - The company announces the early redemption and delisting of its convertible bonds, "Furong Convertible Bonds," effective January 29, 2026, following the fulfillment of specific redemption conditions [3][8]. Group 1: Redemption Details - The last trading day for "Furong Convertible Bonds" is January 23, 2026, and the last conversion day is January 28, 2026 [2][15]. - The redemption price is set at 100.5342 CNY per bond, which includes the face value and accrued interest [10][11]. - The company has triggered the conditional redemption clause as the stock price exceeded 130% of the conversion price for 15 out of 30 trading days [5][8]. Group 2: Investor Guidance - Investors are advised to convert or sell their bonds within the specified time frame to avoid forced redemption [4][18]. - The company will freeze all unconverted bonds after the redemption registration date, and they will be redeemed at the specified price [13][17]. - The accrued interest calculation formula is provided, indicating that the interest for the period is based on the bond's face value, interest rate, and the number of days [10][11]. Group 3: Tax Implications - Individual investors are subject to a 20% tax on interest income, affecting the net redemption amount [11][12]. - The company will handle tax deductions for individual investors, while corporate investors are responsible for their own tax payments [11]. Group 4: Communication - The company will issue further announcements regarding the redemption process and its impact on the company after the redemption is completed [13][20].

Core Viewpoint - The company announces the early redemption and delisting of the "Furong Convertible Bonds" (福蓉转债), with specific dates and conditions for bondholders to act before the final trading and conversion days [2][3][16]. Redemption Details - The last trading day for the "Furong Convertible Bonds" is January 23, 2026, and the last conversion day is January 28, 2026 [2][16]. - The redemption price is set at 100.5342 CNY per bond, which includes accrued interest [3][9][10]. - The redemption registration date is January 28, 2026, and the redemption payment date is January 29, 2026 [6][15]. Conditions for Redemption - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price (10.621 CNY) for at least 15 trading days within a 30-day period [5][7]. - The accrued interest is calculated based on the bond's face value, interest rate, and the number of days from the last interest payment [9][10]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, affecting the net redemption amount [11][12]. - Qualified foreign institutional investors will receive the gross redemption amount without tax deductions [12]. Trading and Conversion Reminders - Bondholders are advised to convert or sell their bonds within the specified time frame to avoid forced redemption [4][18]. - The bonds will be frozen and cease trading after the redemption registration date [13][18]. Delisting Information - The "Furong Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting January 29, 2026 [3][17].