Harzone Industry to redeem convertible bonds, urges timely conversion

China Harzone Industry Corp. (SZSE:300527) will mandatorily redeem its convertible bonds at CNY 100.77 per bond. The last day for investors to convert their bonds into shares is August 27, 2025. Bonds not converted by this date will be compulsorily redeemed at the specified price. The company warns of potential losses for investors who fail to convert due to the current market price of the bonds exceeding the redemption price. Investors need to ensure they have opened a ChiNext trading account to be eligible for conversion.

The redemption was triggered after the company's stock price met the condition of trading at or above 130% of the current conversion price (CNY 9.18 per share) for at least 15 days within a 30-trading-day period from July 1, 2025, to July 21, 2025. Trading of the convertible bonds will halt on August 25, 2025, and conversion will cease on August 28, 2025. The redemption date is August 28, 2025, with funds reaching investor accounts by September 4, 2025.

Additionally, China Harzone Industry Corp. announced the return of CNY 15,000 million in idle raised funds that were temporarily used to supplement working capital. The funds were returned to the designated special account by August 26, 2025, within the 12-month usage period.