Core Viewpoint - Longhua Technology (300263) announced that August 29 is the last conversion day for "Longhua Convertible Bonds," after which unconverted bonds will be forcibly redeemed at a price of 100.22 yuan per bond, potentially leading to significant investment losses for investors [1]. Company Summary - Longhua Technology has communicated to investors that they can still convert their "Longhua Convertible Bonds" before the market closes on August 29 [1]. - After the market closes on August 29, any unconverted "Longhua Convertible Bonds" will cease to be convertible and will be redeemed at a price of 100.22 yuan per bond [1]. - The announcement highlights the risk of substantial investment losses for investors who do not convert their bonds before the deadline [1].

Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Longhua Convertible Bonds," due to the stock price exceeding the conversion price threshold, which may lead to significant investment losses for bondholders if they do not convert before the deadline [2][6]. Group 1: Convertible Bond Redemption Announcement - The company’s board approved the early redemption of "Longhua Convertible Bonds" on August 8, 2025, as the stock price exceeded 130% of the conversion price for 15 trading days [2][6]. - The redemption price is set at 100.22 CNY per bond, which includes accrued interest calculated at an annual rate of 2.40% [7][8]. - The bonds will stop trading on August 27, 2025, and the conversion will cease on September 1, 2025 [8]. Group 2: Bond Issuance and Trading Information - The company issued 7,989,283 convertible bonds on July 30, 2021, with a total value of 799.9283 million CNY [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on August 23, 2021, under the code "123120" [3]. - The conversion period for the bonds started on February 7, 2022, and will end on July 29, 2027 [3]. Group 3: Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 6.15 CNY per share effective from September 13, 2024 [5]. - The conversion price was previously adjusted from 7.76 CNY to 7.75 CNY and then to 7.72 CNY before the latest adjustment [4][5]. Group 4: Redemption Procedures - The company will notify bondholders daily about the redemption process leading up to the redemption date [8]. - The redemption will be completed on September 1, 2025, with funds reaching bondholders' accounts by September 8, 2025 [8].

Core Viewpoint - The company announced the early redemption of its convertible bonds "Longhua Convertible Bonds" due to the stock price exceeding the redemption threshold, which may lead to significant investment losses for bondholders if they do not convert their bonds before the deadline [2][5]. Group 1: Redemption Announcement - The "Longhua Convertible Bonds" will stop trading after the market closes on August 26, 2025, and will stop conversion after the market closes on August 29, 2025 [1][8]. - The redemption price for the bonds is set at 100.22 CNY per bond, which includes the face value and accrued interest at an annual rate of 2.40% [1][7]. - The company’s board of directors approved the early redemption due to the stock price being above 130% of the conversion price for 15 consecutive trading days [2][5]. Group 2: Bond Issuance and Trading - The company issued 7,989,283 convertible bonds on July 30, 2021, with a total issuance amount of 799.9283 million CNY [2][3]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting August 23, 2021 [3]. Group 3: Conversion and Redemption Conditions - The conversion period for the bonds started on February 7, 2022, and will end on July 29, 2027 [3][4]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 6.15 CNY per share [4][5]. - The company has the right to redeem the bonds if the stock price remains above the specified threshold for a certain period or if the remaining unconverted bonds fall below 30 million CNY [5][6]. Group 4: Redemption Process - The redemption process includes daily announcements leading up to the redemption date, with the final redemption occurring on September 1, 2025 [8][9]. - The funds from the redemption will be credited to bondholders' accounts by September 8, 2025 [8].

Core Viewpoint - The last trading day for the Emergency Convertible Bond and Youzu Convertible Bond is August 22, with significant potential losses for investors who do not act in time [2][3][5]. Group 1: Important Dates and Actions - Investors are reminded that August 22 is the last trading day for both Emergency Convertible Bond and Youzu Convertible Bond, with August 27 being the final conversion day [3][5]. - After August 27, unconverted convertible bonds will be frozen and cease trading and conversion [3][4]. - The conversion prices for the Emergency Convertible Bond and Youzu Convertible Bond are set at 7.06 CNY/share and 10.10 CNY/share, respectively, during the conversion period from August 25 to 27 [3][4]. Group 2: Financial Implications - As of August 21, the closing prices for Emergency Convertible Bond and Youzu Convertible Bond were 126.099 CNY and 163.240 CNY per bond, respectively, indicating potential losses of over 20% and 37% if investors fail to act [5]. - There are still 143 million CNY and 59 million CNY of Emergency Convertible Bond and Youzu Convertible Bond, respectively, that have not been traded or converted, representing over 17% and 5% of their total [5]. - Other convertible bonds, including Hongfeng Convertible Bond, Haopeng Convertible Bond, and others, are also approaching their last trading days, with various balances remaining [5]. Group 3: Redemption Mechanism - The forced redemption of convertible bonds occurs when the underlying stock price exceeds 130% of the conversion price for at least 15 out of 30 trading days [7]. - Investors are advised to either sell the convertible bonds or convert them within the specified period to avoid losses, as the company will redeem unconverted bonds at a price slightly above face value [7]. - New regulations have introduced a "Z" identifier for the last trading day of convertible bonds to alert investors of the associated risks [7].

Core Viewpoint - The company, Longhua Technology Group, has announced the early redemption of its convertible bonds due to the stock price exceeding the specified threshold, which will lead to the bonds being delisted from the Shenzhen Stock Exchange [2][3]. Group 1: Convertible Bond Redemption - The redemption price for the "Longhua Convertible Bonds" is set at 100.22 CNY per bond, which includes the face value and accrued interest at an annual rate of 2.40% [2][7]. - The company’s board approved the early redemption of the bonds on August 8, 2025, after the stock price exceeded 130% of the conversion price for 15 trading days [2][5]. - The bonds will stop trading on August 27, 2025, and the redemption will take place on September 1, 2025 [7][8]. Group 2: Bond Issuance and Trading - The company issued 7,989,283 convertible bonds on July 30, 2021, with a total value of 799.9283 million CNY [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on August 23, 2021, under the code 123120 [3]. - The conversion period for the bonds started on February 7, 2022, and will end on July 29, 2027 [3]. Group 3: Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 6.15 CNY per share effective from September 13, 2024 [4][5]. - The conversion price was previously adjusted from 7.75 CNY to 6.15 CNY, reflecting market conditions [4][5]. Group 4: Redemption Conditions - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for a specified period or if the unconverted bond balance falls below 30 million CNY [5][6]. - The accrued interest for the redemption period is calculated based on the bond's face value and the applicable interest rate [6][7].

Group 1 - The company, Longhua Technology, announced that the redemption price of its convertible bonds may significantly differ from the market price before the suspension of trading and conversion of "Longhua Convertible Bonds" [2] - Investors are reminded to complete the conversion process by September 1, 2025, to avoid potential losses [2]

Core Points - Longhua Technology announced that unconverted "Longhua Convertible Bonds" will be forcibly redeemed after the market closes on August 29, 2025, and will be delisted from the Shenzhen Stock Exchange after the redemption is completed [2] - Bondholders are advised to lift any pledges or freezes on their "Longhua Convertible Bonds" before the trading and conversion stop date to avoid being forced to redeem without the ability to convert [2]

Core Points - The company has decided to redeem its convertible bonds early due to the stock price exceeding 130% of the conversion price for 15 consecutive trading days, which triggers the conditional redemption clause [2][5] - The redemption price is set at 100.22 yuan per bond, which includes the face value and accrued interest [6][8] - The redemption process will commence on September 1, 2025, with trading of the bonds ceasing on August 27, 2025, and conversion ceasing on the same date [7][8] Summary by Sections Convertible Bond Issuance - The company issued 7,989,283 convertible bonds at a total value of 799.9283 million yuan on July 30, 2021, with a face value of 100 yuan each [2][3] - The bonds were listed on the Shenzhen Stock Exchange on August 23, 2021 [3] Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for 15 trading days [5] - The stock price exceeded the conversion price of 6.10 yuan, reaching 7.93 yuan, thus triggering the redemption [2][5] Redemption Implementation - The accrued interest for the bonds is calculated based on a rate of 2.40% and a period of 33 days, resulting in an interest of approximately 0.22 yuan per bond [6] - The total redemption price per bond is 100.22 yuan, which will be paid to bondholders on September 8, 2025 [6][8] - The company will publish daily announcements regarding the redemption process leading up to the redemption date [7]

Core Viewpoint - Longhua Technology announced the mandatory redemption of "Longhua Convertible Bonds" that have not been converted by the close of trading on August 29, 2025, after which the bonds will be delisted from the Shenzhen Stock Exchange [1] Group 1 - The mandatory redemption is set to occur for "Longhua Convertible Bonds" that remain unconverted by the specified date [1] - Following the redemption, the "Longhua Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1] - Bondholders are advised to lift any pledges or freezes on their "Longhua Convertible Bonds" before the trading and conversion cessation date to avoid forced redemption [1]

Core Viewpoint - The company announced that the cumulative number of shares converted from its convertible bonds, "Longhua Convertible Bonds," has reached 101,784,928 shares, accounting for 11.13% of the total shares issued before the conversion began [1][4]. Group 1: Convertible Bond Issuance - The company issued 7,989,283 convertible bonds with a total value of 798.9283 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [1][2]. - The bonds were listed on the Shenzhen Stock Exchange on August 23, 2021, under the name "Longhua Convertible Bonds" and code "123120" [2]. Group 2: Conversion Period and Price Adjustments - The conversion period for the bonds started on February 7, 2022, and will last until the maturity date on July 29, 2027 [2]. - The conversion price was adjusted from 7.73 yuan per share to 7.75 yuan per share on August 2, 2022, and further adjusted down to 6.15 yuan per share effective September 13, 2024 [3]. Group 3: Conversion Status - As of August 13, 2025, a total of 6,210,955 bonds have been converted, resulting in the issuance of 101,784,928 shares, which is 11.13% of the total shares before conversion [4]. - There are still 1,778,298 bonds that have not been converted, representing 22.26% of the total issued convertible bonds [4].