Enpower Electric to redeem convertible bonds, urges timely conversion

Zhuhai Enpower Electric has announced the early redemption of its "Yingbo Convertible Bond" (123249) at a price of 100.10 yuan per bond, including accrued interest. The redemption conditions were met after the company's A-share price consistently exceeded 130% of the current conversion price of 17.34 yuan per share for 15 trading days between November 24 and December 12, 2025.

The convertible bond will cease trading on December 31, 2025, and stop converting to shares on January 7, 2026. The redemption date is January 7, 2026, with funds expected to reach holders' accounts by January 14, 2026. Bondholders are urged to convert to shares before January 6, 2026, to avoid mandatory redemption and potential losses, as the secondary market price may differ significantly from the redemption price.

The conversion of 7,849,200 shares from December 16 to December 17, 2025, led to a passive dilution of the controlling shareholder and actual controller, Jiang Guibin, from 25.4988% to 24.8127%. This triggered the 5% integer multiple disclosure requirement.