Core Viewpoint - The company has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding the specified threshold, leading to the decision to redeem all outstanding bonds [2][3]. Redemption Conditions - The stock price has been above 130% of the conversion price (6.38 CNY) for 15 trading days, specifically at 8.294 CNY [2]. - The redemption date is set for October 20, 2025, with the redemption price calculated at 101.8575 CNY per bond, including accrued interest [4][6]. Redemption Details - A total of 14,150 bonds will be redeemed, amounting to a total payout of 1,441,285.73 CNY, including interest [5][9]. - The payment date for the redemption is October 21, 2025, coinciding with the delisting of the convertible bonds [5][10]. Impact on Company - The redemption will not significantly affect the company's cash flow, but it will dilute earnings per share in the short term. However, it is expected to enhance the company's asset strength and support sustainable development in the long run [10]. - Following the redemption, the total share capital will increase to 579,029,726 shares [10]. Conversion Status - As of October 20, 2025, a total of 514,585,000 CNY of convertible bonds have been converted into 80,570,869 shares, representing 16.3044% of the company's total shares prior to conversion [7]. - The convertible bonds will cease trading on October 16, 2025, and any unconverted bonds will be frozen after the redemption date [8]. Shareholder Rights Changes - The changes in shareholding proportions for shareholders owning more than 5% of the company will be disclosed following the redemption [11].

Core Viewpoint - Suzhou Keda Technology Co., Ltd. has announced the conditional redemption of its convertible bonds, triggered by the stock price exceeding the specified threshold, which is expected to enhance the company's asset strength and long-term value for shareholders [2][11]. Redemption Announcement - The company’s stock price has been above 130% of the conversion price of 6.38 CNY per share for 15 trading days, reaching 8.294 CNY per share, thus triggering the conditional redemption clause of the "Keda Convertible Bonds" [2]. - The board of directors approved the early redemption of the bonds on September 17, 2025, and the details were disclosed in subsequent announcements [3][4]. Redemption Details - The redemption date is set for October 20, 2025, with a redemption price of 101.8575 CNY per bond, which includes accrued interest [4][7]. - A total of 1,415,000 CNY (14,150 bonds) will be redeemed, amounting to a total payout of 1,441,285.73 CNY, including interest [10][11]. Impact on Company - The redemption will not significantly impact the company's cash flow, and the total share capital will increase to 579,029,726 shares, which may dilute earnings per share in the short term but is expected to strengthen the company's asset base for sustainable development [11]. - As of October 20, 2025, a total of 514,585,000 CNY of the convertible bonds have been converted into 80,570,869 shares, representing 16.3044% of the total shares before conversion [8].

Group 1 - Shareholders of Jiaze New Energy plan to reduce their holdings by no more than 3% of the company's shares [1] - Shareholders of Zhekuang Co. intend to collectively reduce their holdings by no more than 3% of the company's shares [1] - Shareholders of Nanjing Julong plan to reduce their holdings by no more than 2.94% of the company's shares [1] Group 2 - Convertible bonds such as Jiayue Convertible Bond and Kairun Convertible Bond will not undergo adjustments [1] - Various convertible bonds are listed 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 stocks [3][5] - For instance, the current price of Keda Convertible Bond is 128.087, with a conversion value of 128.37 and a remaining scale of 0.014 billion [3]

Core Points - The company announces the redemption and delisting of "Keda Convertible Bonds" [1] - The redemption registration date is set for October 20, 2025, with trading ceasing from October 16, 2025 [2] - The last conversion date for the bonds is also October 20, 2025 [3] Redemption Details - After the early redemption, "Keda Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting October 21, 2025 [4] - Investors can either convert the bonds at a price of 6.38 CNY per share or choose to be redeemed at a price of 101.8575 CNY per bond, which includes accrued interest [4][12] - The redemption price is calculated as the face value plus accrued interest, which amounts to 101.8575 CNY per bond [12][9] Conditions for Redemption - The redemption conditions have been met as the company's stock price was above 130% of the conversion price for at least 15 trading days [5][8] - The redemption registration date is for all bondholders registered with the China Securities Depository and Clearing Corporation [8] Interest Calculation - The accrued interest is calculated based on the formula: IA = B × i × t / 365, where B is the total face value, i is the annual interest rate, and t is the number of days [10][11] - For this bond, the accrued interest amounts to 1.8575 CNY per bond [11] Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of 101.4860 CNY per bond after tax [12][13] - Non-resident enterprises are exempt from income tax on bond interest until December 31, 2025 [13] Redemption Process - The company will issue a notice regarding the redemption process before the end of the redemption period [14] - Redemption payments will be made on October 21, 2025, through the designated trading institutions [15] Trading and Delisting - Trading of "Keda Convertible Bonds" will stop on October 16, 2025, with the last conversion day being October 20, 2025 [16] - The bonds will be officially delisted from the Shanghai Stock Exchange on October 21, 2025 [17]

Core Points - The company announces the redemption and delisting of "Keda Convertible Bonds" effective from October 16, 2025 [2][4] - The last conversion date for the bonds is October 20, 2025, with only two trading days remaining until this date [3][14] - Following the early redemption, the bonds will be delisted from the Shanghai Stock Exchange starting October 21, 2025 [4][14] Redemption Details - The redemption price is set at 101.8575 CNY per bond, which includes the face value of 100 CNY and accrued interest of 1.8575 CNY [4][10] - The accrued interest is calculated based on a 3% annual interest rate over 226 days from the last interest payment date [9][10] - The redemption registration date is October 20, 2025, and the payment date for the redemption will be October 21, 2025 [6][13] Conditions for Redemption - The redemption conditions were met as the company's stock price was above 130% of the conversion price of 6.38 CNY per share for at least 15 trading days [5][7] - The company has the right to redeem the bonds if the remaining balance of unconverted bonds is less than 30 million CNY [7] Trading and Conversion - Trading of "Keda Convertible Bonds" will cease on October 16, 2025, and investors are urged to convert their bonds within the specified timeframe [14][15] - After the redemption registration date, unconverted bonds will be frozen and redeemed at the specified price [16]

Core Points - Suzhou Keda announced that investors holding convertible bonds can only convert at a price of 6.38 yuan per share within the specified time frame or face mandatory redemption at a total of 101.8575 yuan per bond, which includes the face value and accrued interest [2] - The "Keda Convertible Bonds" have ceased trading, and the company has urged bondholders to pay attention to the conversion deadline to avoid significant investment losses [2]

Core Points - The company announces the early redemption and delisting of "Keda Convertible Bonds" effective from October 21, 2025 [1][4][17] - The last trading day for "Keda Convertible Bonds" is October 15, 2025, and the last conversion day is October 20, 2025 [2][3][16] Redemption Details - The redemption price is set at 101.8575 CNY per bond, which includes the face value of 100 CNY and accrued interest of 1.8575 CNY [4][9][12] - The accrued interest is calculated based on a 3% annual interest rate over 226 days from the last interest payment date [10][11] - The redemption registration date is October 20, 2025, and the redemption payment date is October 21, 2025 [6][15] Conditions for Redemption - The early redemption condition was triggered as the company's stock price was above 130% of the conversion price for at least 15 trading days [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 [7][8] Investor Guidance - Investors are advised to convert or sell their bonds before the trading suspension on October 16, 2025, to avoid forced redemption [4][18] - The company emphasizes the importance of timely action to mitigate potential investment losses due to the significant difference between the market price and the redemption price [19]

Core Viewpoint - Suzhou Keda announced that investors holding convertible bonds can either continue trading in the secondary market or convert at a price of 6.38 yuan per share, otherwise they will face forced redemption at a price of 100 yuan per bond plus accrued interest of 1.8575 yuan per bond, totaling 101.8575 yuan per bond, which may lead to significant investment losses [1] Summary by Category - **Company Announcement** - Suzhou Keda released an announcement regarding the options available for investors holding convertible bonds [1] - Investors can trade in the secondary market or convert bonds at a price of 6.38 yuan per share [1] - If not, they will be forced to redeem at a total of 101.8575 yuan per bond, which includes the face value and accrued interest [1] - **Investment Implications** - The forced redemption option may result in substantial investment losses for bondholders [1]

Core Viewpoint - The article provides an overview of recent developments in the convertible bond market, including new issuances and important announcements regarding existing bonds [1][6]. Group 1: New Issuances - Jinlang will be available for subscription on October 17 [1]. - Super Electronics and Taikai Ying are also highlighted as new stock subscriptions on the Shanghai and Shenzhen exchanges and the Beijing Stock Exchange, respectively [1]. Group 2: Important Announcements - The announcement regarding the adjustment of Zhengchuan Convertible Bond was made on October 15, 2025 [1]. Group 3: Convertible Bond Data - A detailed table lists various convertible bonds, including their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [3][5]. - For example, the current price of Jiuzhou Convertible Bond 2 is 123.799, with a strong redemption price of 102.040, and a conversion value of 125.18 [3]. - The remaining scale of Changji Convertible Bond is 4.964 billion, with a conversion value of 126.41 [3].

Core Points - Suzhou Keda announced that investors holding convertible bonds can either continue trading in the secondary market within the specified time or convert at a price of 6.38 yuan per share [2] - If investors do not take action, they will face forced redemption at a price of 100 yuan per bond plus accrued interest of 1.8575 yuan per bond, totaling 101.8575 yuan per bond [2] - The company warns that forced redemption may lead to significant investment losses for bondholders [2]