Announcement of Abnormal Fluctuation in Trading of Convertible Bonds of Hongda Xingye Co., Ltd.
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Basic Information on the Issuance and Listing of Convertible Bonds
According to the approval document "Zheng Jian Xu Ke [2019] No. 2305" from the China Securities Regulatory Commission, 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 convertible bonds were approved for listing on the Shenzhen Stock Exchange under document "Shen Zhen Shang [2019] No. 866" and began trading on January 8, 2020, under the name "Hongda Convertible Bonds" and bond code "128085." The coupon rates for the issued convertible 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 from 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 Fluctuation in Trading of Convertible Bonds
The trading price of the convertible bonds has deviated by more than 30% over two consecutive trading days (January 17, 2024, and January 18, 2024). According to the relevant provisions of the "Implementation Rules for Trading of Convertible Bonds on the Shenzhen Stock Exchange," this constitutes an abnormal fluctuation in trading.
III. Company's Attention and Verification
- After verification, the company confirms that there are no corrections or supplements needed for previously disclosed information, nor any violations of the principle of fair information disclosure.
- The company has not found any recent media reports that may have significantly affected the trading price of its convertible bonds.
- The company's recent operational situation is normal, and there have been no significant changes in the internal and external operating environment.
- The closing price of "Hongda Convertible Bonds" on January 18, 2024, was 42.120 yuan/bond, with a conversion premium of 183.95%.
- Apart from the information publicly disclosed by the company, Hongda Xingye Group Co., Ltd. and the actual controller have no undisclosed significant matters regarding the company. During the period of abnormal trading fluctuations, the company's directors, supervisors, senior management, actual controllers, and controlling shareholders did not buy or sell the company's convertible bonds.