Hongfa Technology convertible bonds near redemption threshold

Hongfa Technology announced that its convertible bonds, "Hongfa Convertible Bonds" (stock code: 110082), are nearing their redemption conditions. As of November 13, 2025, the company's A-share stock price has closed at or above 130% of the current conversion price (22.72 yuan/share, or 29.536 yuan/share) for 10 trading days since October 31, 2025.

If the stock price continues to meet these conditions for another 5 trading days within the next 20 trading days, the redemption clause will be triggered. According to the prospectus, the company's board of directors would then have the right to redeem all or part of the unconverted bonds at their face value plus accrued interest. The bonds were issued on October 28, 2021, with a total value of 2 bn yuan and began converting on May 5, 2022.

Hongfa Technology advises investors to review the convertible bond prospectus and future announcements for details regarding the potential redemption and associated investment risks. The company will convene a board meeting to determine whether to redeem the bonds once the conditions are met.