300424SZSE
🚨 Material Event

Announcement Regarding the Upcoming Suspension of Trading and Last Trading Day of Hangxin Convertible Bonds

Hangxin Technology Co., Ltd.··8 pages

✨ AI Summary

This announcement from Guangzhou Hangxin Aviation Technology Co., Ltd. informs investors that their convertible bonds, "Hangxin Convertible Bonds," will cease trading on July 2, 2026, and the last conversion date is July 7, 2026. Unconverted bonds will be redeemed at 102.885 yuan per bond. Investors are urged to convert or be aware of potential losses.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Guangzhou Hangxin Aviation Technology Co., Ltd.

Announcement Regarding the Upcoming Suspension of Trading and Last Trading Day of Hangxin Convertible Bonds

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

Key Information Highlights:

  1. Last Trading Day for Convertible Bonds: July 2, 2026

July 2, 2026, is the last trading day for "Hangxin Convertible Bonds." On this day, "Hangxin Convertible Bonds" will be referred to as "Z New Bonds." After the market closes on July 2, 2026, "Hangxin Convertible Bonds" will cease trading.

  1. Last Conversion Day for Convertible Bonds: July 7, 2026

July 7, 2026, is the last conversion day for "Hangxin Convertible Bonds." Investors holding "Hangxin Convertible Bonds" can still convert them into shares before the market closes on this day. After the market closes on July 7, 2026, unconverted "Hangxin Convertible Bonds" will cease to be convertible and will be mandatorily redeemed at a price of 102.885 yuan per bond. If mandatorily redeemed, investors may face losses.

As of the close of trading on July 1, 2026, there is only 1 trading day remaining until the "Hangxin Convertible Bonds" trading suspension date (July 3, 2026), and 4 trading days remaining until the "Hangxin Convertible Bonds" conversion suspension date (July 8, 2026).

  1. Bondholders wishing to convert must have opened GEM trading privileges. Investors who do not meet the suitability management requirements for GEM stocks cannot convert their "Hangxin Convertible Bonds" into shares.

We specifically remind investors to be aware of the risk of not being able to convert.

  1. Special Reminder: Holders of "Hangxin Convertible Bonds" are reminded to convert within the specified period.

Special Notes:

  1. Redemption Date for Convertible Bonds: July 8, 2026

  2. Redemption Price for Convertible Bonds: 102.885 yuan/share (including interest and taxes)

  3. Redemption Funds Deposit Date for Convertible Bonds: July 15, 2026

  4. Trading Suspension Date for Convertible Bonds: July 3, 2026

  5. Conversion Suspension Date for Convertible Bonds: July 8, 2026

  6. Issuer's Redemption Funds Deposit Date for Convertible Bonds: July 13, 2026

  7. Condition Fulfillment Date for Convertible Bond Redemption: June 2, 2026

  8. Redemption Registration Date for Convertible Bonds: July 7, 2026

  9. Redemption Category: Full Redemption

  10. According to the arrangement, "Hangxin Convertible Bonds" that are not converted by the close of trading on July 7, 2026, will be mandatorily redeemed. Holders of "Hangxin Convertible Bonds" are reminded to convert within the specified period. After this redemption, "Hangxin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. For bondholders whose "Hangxin Convertible Bonds" 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. Bondholders wishing to convert must have opened GEM trading privileges. Investors who do not meet the suitability management requirements for GEM stocks cannot convert their "Hangxin Convertible Bonds" into shares.

Risk Warning: "Hangxin Convertible Bonds" that are not converted by the close of trading on July 7, 2026, will be mandatorily redeemed at a price of 102.885 yuan per bond. Holders of "Hangxin Convertible Bonds" are specifically reminded to convert within the specified period. If investors fail to convert 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 for conditional redemption of convertible bonds as stipulated in the "Prospectus for the Private Placement of Convertible Corporate Bonds by Guangzhou Hangxin Aviation Technology Co., Ltd. to Non-specific Targets" (hereinafter referred to as the "Prospectus"). Specifically, from May 11, 2026, to June 2, 2026, the closing price of the Company's stock met the condition of being no less than 130% of the current conversion price (14.82 yuan/share) for at least fifteen trading days within any thirty consecutive trading days (130% inclusive, i.e., 19.27 yuan/share).

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.