300424SZSE
🚨 Material Event

Twelfth Reminder Announcement on Early Redemption of Hangxin Convertible Bonds

Hangxin Technology Co., Ltd.··7 pages

✨ AI Summary

Guangzhou Hangxin Aviation Technology Co., Ltd. announces the twelfth reminder regarding the early redemption of its convertible bonds ("Hangxin Convertible Bonds"). The redemption price is 102.885 yuan per bond. Bondholders are urged to convert their bonds before the deadline to avoid losses, as the market price significantly differs from the redemption price. The company will delist the bonds after the redemption.

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Full Translation

AI Translation· gemini_document

Securities Code: 300424 Securities Abbreviation: Hangxin Technology Announcement Number: 2026-165 Bond Code: 123061 Bond Abbreviation: Hangxin Convertible Bond

Guangzhou Hangxin Aviation Technology Co., Ltd. Twelfth Reminder Announcement on Early Redemption of Hangxin Convertible Bonds

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.

Special Reminder:

  1. Convertible bond redemption date: July 8, 2026
  2. Convertible bond redemption price: 102.885 yuan/bond (including interest and taxes)
  3. Convertible bond redemption funds arrival date: July 15, 2026
  4. Convertible bond trading suspension date: July 3, 2026
  5. Convertible bond conversion suspension date: July 8, 2026
  6. Issuer's redemption funds arrival date: July 13, 2026
  7. Convertible bond redemption condition met date: June 2, 2026
  8. Convertible bond redemption registration date: July 7, 2026
  9. Redemption category: Full redemption
  10. According to the arrangement, "Hangxin Convertible Bonds" that have not been converted into shares after the market closes on July 7, 2026, will be mandatorily redeemed. Bondholders of "Hangxin Convertible Bonds" are reminded to convert their bonds within the prescribed period. After this redemption is completed, "Hangxin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. If the "Hangxin Convertible Bonds" held by bondholders are 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.
  11. If bondholders convert their bonds, they need to open an account for trading on the ChiNext market. Investors who do not meet the suitability management requirements for ChiNext stocks cannot convert their "Hangxin Convertible Bonds" into shares.

This announcement reminds investors to pay attention to the risk of not being able to convert. Risk Warning: "Hangxin Convertible Bonds" that have not been converted into shares after the market closes on July 7, 2026, will be mandatorily redeemed at a price of 102.885 yuan/bond. Due to the significant difference between the current secondary market price of "Hangxin Convertible Bonds" and the redemption price, bondholders of "Hangxin Convertible Bonds" are specially reminded to pay attention to converting their bonds within the prescribed period. If investors fail to convert their bonds in a timely manner, they may face losses. Investors are kindly requested to pay attention to investment risks.

Guangzhou Hangxin Aviation Technology Co., Ltd. (hereinafter referred to as the "Company") stock has met the condition that the closing price is not less than 130% of the current conversion price (14.82 yuan/share) for at least fifteen trading days within any thirty consecutive trading days from May 11, 2026, to June 2, 2026 (including 130%, i.e., 19.27 yuan/share). According to the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds by Guangzhou Hangxin Aviation Technology Co., Ltd. to Unspecified Targets" (hereinafter referred to as the "Prospectus"), the conditional redemption clause of "Hangxin Convertible Bonds" has been triggered.

The Company held the nineteenth meeting of the sixth Board of Directors on June 2, 2026, and deliberated and approved the "Proposal on Early Redemption of 'Hangxin Convertible Bonds'". Based on the current market and the Company's actual situation, after careful consideration, the Company's Board of Directors has decided to exercise the early redemption right of "Hangxin Convertible Bonds" this time and has authorized the Company's management to be responsible for subsequent matters related to the redemption of "Hangxin Convertible Bonds". The relevant matters regarding the early redemption of "Hangxin Convertible Bonds" are hereby announced as follows:

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