Guangdong Huafeng New Energy Technology Co.Ltd(002806) : the board of directors decided not to redeem “Huafeng convertible bonds” in advance

Guangdong Huafeng New Energy Technology Co.Ltd(002806) on January 28, it was announced that the closing price of the company’s shares for 15 consecutive trading days from January 4, 2022 to January 24, 2022 was no less than 130% of the current conversion price (9.13 yuan / share), i.e. 11.87 yuan / share, triggering the conditional redemption terms agreed in the prospectus. On January 28, 2022, the 20th meeting of the fifth session of the company deliberated and approved the proposal on not redeeming “Huafeng convertible bonds” in advance. Based on the current market conditions and the actual situation of the company, the board of directors decided not to exercise the right to redeem “Huafeng convertible bonds” in advance and not to redeem “Huafeng convertible bonds” in advance.

From January to June 2021, Guangdong Huafeng New Energy Technology Co.Ltd(002806) ‘s main revenue composition is: electrode foil accounts for 77.51%, new energy vehicle power system accounts for 22.09%, and others account for 0.4%.

The general manager and chairman of Guangdong Huafeng New Energy Technology Co.Ltd(002806) are Lin Cheng, male, 54 years old, with a doctorate background.

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