Fullhan Microelectronics issues second reminder for convertible bond put option

Shanghai Fullhan Microelectronics has issued a second reminder for the put option on its "Fuhan convertible bonds." The put option price is set at CNY 100.241 per bond, inclusive of interest and tax. The put option conditions were met on September 16, 2025, with the company's stock price trading below 70% of the current conversion price for 30 consecutive trading days.

The official put option declaration period will run from September 19, 2025, to September 25, 2025. During this time, bondholders can declare their intention to sell their bonds back to Fullhan Microelectronics. Payments are scheduled to reach the issuer's account by September 30, 2025, with funds allocated on October 9, 2025, and investor accounts credited by October 10, 2025. Investors are cautioned that exercising the put option might lead to losses, as the current market price of the convertible bonds exceeds the put option price.

During the declaration period, "Fuhan convertible bonds" trading will continue, but conversion to shares will be suspended. The company reiterates that exercising the put option is not mandatory, allowing investors to choose based on their financial strategy.