Core Viewpoint - Guangzhou Lushan New Materials Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 trading days, leading to the decision to redeem all outstanding bonds [2][3]. Redemption Details - The company announced the early redemption of "Lushan Convertible Bonds" at a price of 100.6805 CNY per bond, which includes accrued interest [5][8]. - The total amount to be redeemed is 3,468,444.77 CNY, covering 34,450 bonds, with the redemption payment date set for October 20, 2025 [6][12]. Impact on Company - As of the redemption registration date, the remaining balance of "Lushan Convertible Bonds" is 3,445,000 CNY, representing 0.66% of the total issuance [8]. - The total share capital of the company will increase to 161,632,896 shares post-redemption, which may dilute earnings per share in the short term but is expected to strengthen the company's capital structure and reduce future interest expenses [13]. Conversion Status - By the redemption registration date, a total of 520,555,000 CNY of "Lushan Convertible Bonds" has been converted into 27,396,376 shares, accounting for 29.36% of the total shares before conversion [9]. Trading and Freezing of Bonds - "Lushan Convertible Bonds" ceased trading on October 14, 2025, and all unconverted bonds were frozen after the market close on October 17, 2025 [11].

Core Viewpoint - Lushan New Materials announced that investors holding "Lushan Convertible Bonds" can only convert at a price of 16.05 yuan per share or face mandatory redemption at a total of 100.6805 yuan per bond, which includes accrued interest. This situation may lead to significant investment losses for investors [1]. Group 1 - The announcement specifies the conversion price for the convertible bonds at 16.05 yuan per share [1]. - Investors have the option to choose mandatory redemption at a total of 100.6805 yuan per bond, which includes 100 yuan face value and 0.6805 yuan accrued interest [1]. - The potential for significant investment losses is highlighted if investors opt for mandatory redemption instead of conversion [1].

（文章来源：证券日报） 证券日报网讯 10月15日晚间，鹿山新材发布公告称，投资者所持"鹿山转债"除在规定时限内按照16.05 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0.6805元/张（即合计 100.6805元/张）被强制赎回。若被强制赎回，可能面临较大投资损失。 ...

Core Points - The company has announced the early redemption and delisting of the "Lushan Convertible Bonds" [1][4][15] Redemption Details - Redemption registration date is set for October 17, 2025, and trading of "Lushan Convertible Bonds" will cease from October 15, 2025 [2][14] - The last conversion date for the bonds is also October 17, 2025, with only three trading days remaining until this date [3][14] - The redemption price is 100.6805 CNY per bond, which includes the face value and accrued interest of 0.6805 CNY [4][11] - The redemption payment date is October 20, 2025 [6][13] Conditions for Redemption - The conditional redemption clause has been triggered as the company's stock price has been above 130% of the conversion price (20.865 CNY) for at least 15 trading days [5][9] - 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][9] Redemption Process - All holders of "Lushan Convertible Bonds" registered by the redemption registration date will be subject to the redemption [10] - The company will notify bondholders of the redemption details before the end of the redemption period [12] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.5444 CNY per bond after tax [16] - Qualified foreign institutional investors will receive the gross redemption amount of 100.6805 CNY per bond [17]

Core Viewpoint - The announcement from Lushan New Materials indicates that investors holding "Lushan Convertible Bonds" can either convert their bonds at a price of 16.05 yuan per share or face mandatory redemption at a total of 100.6805 yuan per bond, which includes accrued interest. This situation may lead to significant investment losses for those who opt for mandatory redemption [2]. Summary by Relevant Sections - **Investment Options**: Investors can convert their bonds at a price of 16.05 yuan per share or choose mandatory redemption at 100.6805 yuan per bond, which includes 0.6805 yuan of accrued interest [2]. - **Potential Risks**: The possibility of mandatory redemption poses a risk of substantial investment losses for investors who do not convert their bonds within the specified timeframe [2].

New Stock Issuance - He Yuan Bio (787765) issued shares at a price of 29.06 on October 14, 2025[1] - The offer period for the acquisition of Shangwei New Materials (688585) is from September 29, 2025, to October 28, 2025[1] Market Alerts - Significant abnormal fluctuations reported for Nanjing New Pharmaceutical (688189) on October 10, 2025[1] - Multiple companies including Hefei Urban Construction (002208) and ST Jianyi (002789) have recent announcements regarding their stock performance[1] Trading Notifications - A total of 30 companies have trading notifications on October 14, 2025, indicating various market activities[1] - Companies such as ST Er Ya (600107) and Guangdong Mingzhu (600382) are among those with recent trading alerts[1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603051 证券简称：鹿山新材 公告编号：2025-070 债券代码：113668 债券简称：鹿山转债 广州鹿山新材料股份有限公司 关于实施"鹿山转债"赎回暨摘牌的 第二次提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 截至2025年10月13日收市后，距离2025年10月14日（"鹿山转债"最后交易日）仅剩1个交易日，2025年 10月14日为"鹿山转债"最后一个交易日。 ● 最后转股日：2025年10月17日 截至2025年10月13日收市后，距离2025年10月17日（"鹿山转债"最后转股日）仅剩4个交易日，2025年 10月17日为"鹿山转债"最后一个转股日。 ● 本次提前赎回完成后，"鹿山转债"将自2025年10月20日起在上海证券交易所摘牌。 ● 投资者所持"鹿山转债"除在规定时限内通过二级市场继续交易或按照16.05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0.6805元/张（即合计100. ...

而10月13日收盘，中辰转债的价格为141.29元，如果投资者不及时卖出或者转股，被按100.58元强制赎 回，投资者将亏损28.81%。 同时，鹿山转债也公告称，10月13日收市后，"鹿山转债"仅剩1个交易日，10月14日为"鹿山转债"最后 一个交易日。10月17日为"鹿山转债"最后转股日。如果投资者未能及时卖出或转股，仅能选择以100元/ 张的票面价格加当期应计利息0.6805元/张（即合计100.6805元/张）被强制赎回。若被强制赎回，可能 面临较大投资损失。 （原标题：最后4小时！不操作或亏29%） 【导读】最新价格140元左右的中辰转债、鹿山转债将按不到101元被赎回 中国基金报记者 江右 又有两只转债只剩下最后4个小时的交易。 10月14日，最后4个小时的交易时间，目前价格在140元左右的中辰转债、鹿山转债即将迎来强赎，赎回 价格不到101元。如果10月14日不及时卖出，或者接下来几个交易日不及时转股，就要被按不到101元价 格赎回，投资者将分别亏损达29%、28%。 中辰转债发布提示公告，10月14日为"中辰转债"最后一个交易日，当日"中辰转债"简称为"Z辰转债"； 10月14日收市后"中辰转 ...

10月14日，最后4个小时的交易时间，目前价格在140元左右的中辰转债、鹿山转债即将迎来 强赎，赎回价格不到101元。如果10月14日不及时卖出， 或者 接下来几个交易日不及时转 股，就要被按不到101元价格赎回，投资者将分别亏损达29%、28%。 中辰转债发布提示公告，10月14日为"中辰转债"最后一个交易日，当日"中辰转债"简称为"Z 辰转债"；10月14日收市后"中辰转债"将停止交易。10月17日为"中辰转债"最后一个转股 日，10月17日收市后，未实施转股的"中辰转债"将停止转股，剩余可转债将按照100.58元/ 张的价格被强制赎回。若被强制赎回，投资者可能面临投资损失。 【导读】最新价格140元左右的中辰转债、鹿山转债将按不到101元被赎回 中国基金报记者 江右 又有两只转债只剩下最后4个小时的交易。 实际上，不只是中辰转债、鹿山转债，由于股市持续走强，被强赎的转债不断增多，也有转 债到期赎回。10月份还有科达转债、景兴转债、天路转债、浦发转债等一批转债要进入最后 交易并将被赎回，投资者未能及时卖出或转股，被赎回将面临较大亏损。尤其10月22日最后 交易的天路转债，目前价格为310.527元，该转债 ...

Core Viewpoint - The announcement from Lushan New Materials indicates that investors holding "Lushan Convertible Bonds" have limited options for redemption, which may lead to significant investment losses if forced redemption occurs [2] Summary by Relevant Sections - **Investment Options** - Investors can either continue trading in the secondary market within the specified time or convert at a price of 16.05 yuan per share [2] - If neither option is exercised, investors will face forced redemption at a price of 100 yuan per bond plus accrued interest of 0.6805 yuan per bond, totaling 100.6805 yuan per bond [2] - **Potential Risks** - The possibility of forced redemption poses a risk of substantial investment losses for investors [2]