Announcement on Early Redemption of Hangxin Convertible Bonds
Special Reminder:
- Redemption Date: July 8, 2026
- Redemption Price: 102.885 CNY per bond (including interest and tax)
- Funds Arrival Date: July 15, 2026
- Last Trading Day: July 3, 2026
- Last Conversion Day: July 8, 2026
- Issuer's Funds Arrival Date: July 13, 2026
- Redemption Condition Satisfaction Date: June 2, 2026
- Redemption Registration Date: July 7, 2026
- Redemption Type: Full Redemption
- It is particularly reminded that any "Hangxin Convertible Bonds" not converted by the close of trading on July 7, 2026, will be forcibly redeemed. Bondholders are advised to convert their bonds within the deadline. After this redemption, "Hangxin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. If any bonds are pledged or frozen, it is recommended to lift the pledge or freeze before the last conversion day to avoid forced redemption due to inability to convert.
- Bondholders wishing to convert must open trading permissions for the ChiNext board. Investors who do not meet the suitability management requirements for ChiNext stocks cannot convert their "Hangxin Convertible Bonds" into stocks. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Risk Reminder:
Investors should be aware of the risk of not being able to convert their bonds. As of the close of trading on July 7, 2026, any "Hangxin Convertible Bonds" not converted will be forcibly redeemed at a price of 102.885 CNY per bond. Given the significant difference between the current secondary market price and the redemption price, bondholders are particularly reminded to convert their bonds within the deadline to avoid potential losses.
Guangzhou Hangxin Aviation Technology Co., Ltd. (hereinafter referred to as "the Company") has met the condition for the conditional redemption of "Hangxin Convertible Bonds" from May 11, 2026, to June 2, 2026, where the closing price was not less than 130% of the current conversion price (14.82 CNY/share) for at least 15 trading days out of 30 consecutive trading days (including 130%, i.e., 19.27 CNY/share). According to the relevant provisions of the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Guangzhou Hangxin Aviation Technology Co., Ltd." (hereinafter referred to as "the Prospectus"), the conditional redemption clause has been triggered. The Company held the 19th meeting of the 6th Board of Directors on June 2, 2026, and approved the proposal for the early redemption of "Hangxin Convertible Bonds." After careful consideration of the current market and the Company's actual situation, the Board of Directors decided to exercise the early redemption rights of "Hangxin Convertible Bonds" and authorized the management to handle the subsequent matters related to the redemption.