300424SZSE
🚨 Material Event

Announcement on the Delisting of Hangxin Convertible Bonds

Hangxin Technology Co., Ltd.··5 pages

✨ AI Summary

Guangzhou Hangxin Aviation Technology Co., Ltd. announces the delisting of its convertible bonds ("Hangxin Convertible Bonds") due to full redemption. The redemption was triggered by the stock price exceeding 130% of the conversion price for 15 out of 30 consecutive trading days. The bonds will be delisted from the Shenzhen Stock Exchange on July 16, 2026.

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Full Translation

AI Translation· gemini_document

Securities Code: 300424

Bond Code: 123061

Securities Abbreviation: Hangxin Technology

Announcement No.: 2026-187

Bond Abbreviation: Hangxin Convertible Bond

Guangzhou Hangxin Aviation Technology Co., Ltd.

Announcement on the Delisting 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 are free from any false representations, misleading statements, or material omissions.

Special Notice:

  1. "Hangxin Convertible Bond" Redemption Date: July 8, 2026

  2. "Hangxin Convertible Bond" Redemption Funds Arrival Date: July 15, 2026

  3. "Hangxin Convertible Bond" Delisting Date: July 16, 2026

  4. Reason for "Hangxin Convertible Bond" Delisting: Full redemption of convertible bonds during their term.

I. "Hangxin Convertible Bond" Basic Information

(I) Overview of Convertible Corporate Bond Issuance

Approved by the China Securities Regulatory Commission's document "Zheng Jian Xu Ke [2020] No. 1277", the Company publicly issued 2.5 million convertible corporate bonds on July 22, 2020. Each bond has a face value of RMB 100, with a total issuance of RMB 250 million. The convertible bonds issued this time were preferentially allocated to original shareholders registered in the company's shareholding registration book after the market close on the equity registration date. Any remaining portion after the original shareholders' preferential allocation (including portions not taken up by original shareholders) was offered to public investors through the Shenzhen Stock Exchange trading system. The portion of the subscription amount less than RMB 250 million was underwritten by the lead underwriter.

(II) Overview of Convertible Corporate Bond Listing

Approved by the Shenzhen Stock Exchange's document "Shen Zheng Shang [2020] No. 721", the Company's RMB 250 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from August 18, 2020, with the bond abbreviation "Hangxin Convertible Bond" and bond code "123061".

(III) Conversion Period of Convertible Corporate Bonds

According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Prospectus", the conversion period for the convertible bonds issued this time starts from the first trading day after six months from the end of the convertible bond issuance date (July 28, 2020) until the maturity date of the convertible bonds, which is from January 28, 2021, to July 21, 2026.

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