Hongda Xingye Co., Ltd. Convertible Bonds Trading Abnormal Fluctuation Announcement
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Basic Information on the Issuance and Listing of Convertible Bonds
Approved by the China Securities Regulatory Commission (CSRC) under document "Zheng Jian Xu Ke [2019] No. 2305", the company publicly issued 24,267,800 convertible bonds on December 16, 2019, with a face value of 100 yuan each, totaling 2,426,780,000 yuan, with a term of 6 years from December 16, 2019, to December 16, 2025. The Shenzhen Stock Exchange approved the listing of these bonds under document "Shen Zhen Shang [2019] No. 866", and they began trading on January 8, 2020, under the name "Hongda Convertible Bonds" and code "128085". The coupon rates for the bonds are as follows: Year 1: 0.4%, Year 2: 0.6%, Year 3: 1.0%, Year 4: 1.8%, Year 5: 3.0%, Year 6: 5.0%. According to relevant regulations and the "Prospectus for the Public Issuance of Convertible Bonds by Hongda Xingye Co., Ltd." (hereinafter referred to as the "Prospectus"), the "Hongda Convertible Bonds" can be converted into company shares starting June 22, 2020, with an initial conversion price of 3.98 yuan/share, and the current effective conversion price is 3.91 yuan/share.
II. Introduction to the Abnormal Trading Fluctuations of Convertible Bonds
The trading price of the convertible bonds has deviated by more than 30% over two consecutive trading days (January 11, 2024, and January 12, 2024). According to the relevant provisions of the "Implementation Rules for Trading of Convertible Bonds on the Shenzhen Stock Exchange", this constitutes an abnormal trading fluctuation.