Securities Code: 000703
Bond Code: 127067
Securities Abbreviation: Hengyi Petrochemical
Bond Abbreviation: Hengyi Convert 2
Announcement Number: 2026-126
Hengyi Petrochemical Co., Ltd.
First Announcement on Early Redemption of "Hengyi Convert 2"
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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"Hengyi Convert 2" redemption price: 100.25 yuan/share (including interest and taxes; the current annual interest rate is 1.8%). The redemption price after tax shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear").
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Condition for early redemption trigger date: August 17, 2026
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Redemption registration date: September 8
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Redemption date: September 9
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Trading suspension date: September 4
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Conversion suspension date: September 9
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Issuer's fund arrival date (arrival at ChinaClear account): September 14
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Investor redemption payment arrival date: September 16
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Redemption category: Full redemption
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Last trading day bond abbreviation: Z Yi Zhuan 2
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According to the arrangement, "Hengyi Convert 2" that has not been converted into shares by the close of trading on September 8 will be mandatorily redeemed. Upon completion of this redemption, "Hengyi Convert 2" will be delisted from the Shenzhen Stock Exchange. If the "Hengyi Convert 2" held by investors is pledged or frozen, it is recommended to release the pledge or freeze before the conversion suspension date to avoid mandatory redemption due to inability to convert.
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Risk Warning: The redemption price of "Hengyi Convert 2" in this instance may differ significantly from its market price before the trading and conversion suspension dates. Holders are particularly reminded to convert their shares within the prescribed period. Investors who fail to convert their shares in a timely manner may face losses. Investors are advised to pay attention to investment risks.
From July 28, 2026, to August 17, 2026, Hengyi Petrochemical Co., Ltd. ("Hengyi Petrochemical" or the "Company") stock met the condition of having its closing price not lower than 130% of the current conversion price of "Hengyi Convert 2" for at least fifteen out of thirty consecutive trading days (i.e., 13.416 yuan/share), thus triggering the conditional redemption clause of "Hengyi Convert 2".
On August 17, 2026, the Company held the 39th meeting of the 12th Board of Directors, which deliberated and approved the "Proposal on Early Redemption of 'Hengyi Convert 2'". Considering the current market and the Company's own situation, after comprehensive consideration, the Board of Directors decided to exercise the early redemption right of "Hengyi Convert 2" this time and authorized the Company's management to be responsible for all related matters concerning the redemption of "Hengyi Convert 2". The relevant matters are hereby announced as follows:
I. Basic Information of Convertible Corporate Bonds
(I) Issuance Status
Approved by the China Securities Regulatory Commission's "Approval for Hengyi Petrochemical Co., Ltd. to Publicly Issue Convertible Corporate Bonds" (Zheng Jian Xu Ke [2022] No. 565), the Company publicly issued convertible corporate bonds with a total face value of 3,000 million yuan on July 21, 2022. After deducting underwriting and sponsorship fees of 14.60 million yuan, the remaining net proceeds of 2,985.40 million yuan were fully received on July 28, 2022. Zhongxinghua Certified Public Accountants (Special General Partnership) has issued the capital verification report No. Zhongxinghua Yan Zi (2022) No. 010084 for the receipt of the above-mentioned raised funds.
(II) Listing Status
Approved by the Shenzhen Stock Exchange's "Shen Zheng Shang [2022] No. 782" document, the Company's convertible corporate bonds totaling 3,000 million yuan were listed and traded on the Shenzhen Stock Exchange from August 18, 2022. The bond abbreviation is "Hengyi Convert 2", and the bond code is "127067".