Enpower convertible bonds near early redemption trigger

Zhuhai Enpower Electric Co. has announced its "Yingbo convertible bonds" (convertible bond code: 123249) may soon meet conditions for early redemption. Between November 24, 2025, and December 5, 2025, the company’s A-share stock price exceeded 130% of the current conversion price (RMB 17.34 per share) for ten trading days, reaching RMB 22.54 per share. This threshold is explicitly stated in the convertible bond prospectus as a potential trigger for the company's board to decide on early redemption.

The "Yingbo convertible bonds" were issued with a face value of RMB 100 per bond, raising a total of RMB 817,159,700.00. The initial conversion price was RMB 17.57 per share, which was subsequently adjusted to RMB 17.46 per share on November 8, 2024. Further adjustments occurred on June 13, 2025, to RMB 17.43 per share due to a cash dividend, and finally to RMB 17.34 per share on November 4, 2025.

The company will adhere to relevant regulations to determine whether to redeem the outstanding convertible bonds if the redemption conditions are officially met and will issue further announcements. Investors are advised to review the prospectus and monitor future company disclosures regarding the redemption process and associated investment risks.