Stock Code: 002860 stock abbreviation: Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) Announcement No.: 2022-027 bond Code: 128094 bond abbreviation: xingshuai convertible bond
Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860)
Announcement on the suspension of trading and conversion of "xingshuai convertible bonds"
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. According to the redemption arrangement, the "xingshuai convertible bonds" that have not been converted into shares after the closing of the market on February 24, 2022 will be forcibly redeemed at the price of 100.13 yuan / piece. After this redemption, the "xingshuai convertible bonds" will be delisted in Shenzhen Stock Exchange.
2. Registration date of redemption of "xingshuai convertible bonds": February 24, 2022
3. Redemption date of "xingshuai convertible bonds": February 25, 2022
4. Redemption price of "xingshuai convertible bonds": 100.13 yuan / piece (including current accrued interest, current coupon annual interest rate is 1.2%, and current interest includes tax)
5. Fund arrival date of the issuer (company): March 2, 2022
6. Redemption date: February 2024
7. "Xingshuai convertible bonds" stop trading and stop stock conversion date: February 25, 2022.
1、 Basic information of "xingshuai convertible bonds"
Approved by the reply on approving Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) public issuance of convertible corporate bonds (zjxk [2019] No. 2859) of the China Securities Regulatory Commission, the company publicly issued 2.8 million convertible corporate bonds on January 16, 2020, with a face value of 100 yuan each and a total issuance amount of 280 million yuan.
With the consent of SZS [2020] No. 97 document of Shenzhen Stock Exchange, the company's 280 million yuan convertible corporate bonds will be listed and traded in Shenzhen Stock Exchange from February 19, 2020. The bonds are referred to as "xingshuai convertible bonds", the bond code is "128094", and the number of listed bonds is 2.8 million.
In accordance with relevant laws and regulations and the prospectus for the public offering of A-share convertible corporate bonds (hereinafter referred to as the "prospectus for convertible bonds"), the convertible bonds issued by the company this time shall be converted into shares from the issuance of convertible bonds
From the first trading day after the expiration of six months from the date of purchase to the maturity date of convertible corporate bonds (i.e. from July 22, 2020 to January 16, 2026), the initial conversion price is 23.92 yuan / share.
The company implemented equity distribution in 2019, distributed 2.10 yuan in cash (including tax) to all shareholders for every 10 shares, and increased 7 shares for every 10 shares to all shareholders with capital reserve. According to the relevant provisions of the prospectus for convertible bonds and the relevant provisions of the CSRC on the issuance of convertible bonds, the conversion price of "xingshuai convertible bonds" is adjusted from 23.92 yuan / share to 13.95 yuan / share, and the adjusted conversion price will take effect from May 7, 2020; The company implemented equity distribution in 2020 and distributed 1.50 yuan in cash (including tax) to all shareholders for every 10 shares. According to the relevant provisions of the prospectus for convertible bonds and the relevant provisions of the CSRC on the issuance of convertible bonds, the conversion price of "xingshuai convertible bonds" is adjusted from 13.95 yuan / share to 13.80 yuan / share. The adjusted conversion price will take effect from June 8, 2021.
The closing price of the company's shares (stock abbreviation: Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) ; Stock Code: 002860) for at least 15 consecutive 30 trading days from June 28, 2021 to August 6, 2021 was not lower than 130% (including 130%) of the current conversion price of 13.80 yuan / share of "xingshuai convertible bonds" (i.e. 17.94 yuan / share), Trigger the conditional redemption terms agreed in the prospectus for convertible bonds. The company held the 11th meeting of the 4th board of directors on August 10, 2021, deliberated and adopted the proposal on not redeeming "xingshuai convertible bonds" in advance. Combined with the market situation and its actual situation at that time, the board of directors of the company decided not to exercise the early redemption right of "xingshuai convertible bonds" and not to redeem "xingshuai convertible bonds" in advance. At the same time, the board of directors of the company decided that from the date of announcement disclosure (i.e. August 11, 2021) to December 31, 2021, the company would not exercise the right to advance redemption when the conditional redemption terms were triggered. Recalculated on the first trading day after January 1, 2022, if the "xingshuai convertible bond" triggers the conditional redemption clause again, the board of directors will hold a separate meeting to decide whether to exercise the early redemption right of "xingshuai convertible bond".
The closing price of the company's shares (stock abbreviation: Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) ; Stock Code: 002860) for at least 15 consecutive trading days from December 13, 2021 to January 24, 2022 (i.e. January 4, 2022 to January 24, 2022) is not less than 130% (including 130%) of the current conversion price of 13.80 yuan / share of "xingshuai convertible bonds" (i.e. 17.94 yuan / share), The conditional redemption terms agreed in the prospectus for convertible bonds have been triggered. On January 24, 2022, the 15th meeting of the 4th board of directors and the 14th meeting of the 4th board of supervisors considered and approved the proposal on early redemption of "xingshuai convertible bonds", and decided to exercise the conditional redemption right of "xingshuai convertible bonds" and redeem all the "xingshuai convertible bonds" that have not been converted into shares at the price of bond face value plus accrued interest in the current period. The independent directors of the company expressed their independent opinions on this matter.
2、 Disclosure of suggestive announcement on redemption of "xingshuai convertible bonds"
According to the requirements of relevant rules, the company shall publish at least one redemption prompt announcement on the information disclosure media designated by the CSRC every five trading days after meeting the redemption conditions to inform the holders of "xingshuai convertible bonds" about the redemption. During the redemption period, the company issued seven reminders of redemption to inform the holders of "xingshuai convertible bonds" of relevant matters of this redemption.
3、 Description of "xingshuai convertible bonds" stopping trading and stock conversion
1. According to the redemption arrangement, "xingshuai convertible bonds" will stop trading and conversion from February 25, 2022.
2. February 25, 2022 is the redemption date of "xingshuai convertible bonds".
The company will fully redeem the "xingshuai convertible bonds" registered in Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of the closing of the redemption registration date (February 24, 2022). After the early redemption, xingshuai convertible bonds will be delisted in Shenzhen Stock Exchange.
3. March 2, 2022 is the date on which the issuer's (company's) funds arrive. March 4, 2022 is the date on which the redemption money reaches the capital account of the "xingshuai convertible bonds" holder. At that time, the redemption money of "xingshuai convertible bonds" will be directly transferred to the capital account of the "xingshuai convertible bonds" holder through the Convertible Bond Custody broker.
4. The company will publish the announcement of redemption results and the announcement of delisting of convertible bonds on the information disclosure media designated by the CSRC within 7 trading days after the end of this redemption.
4、 Contact information
Contact Department: Securities Department of the company
Tel.: 0571-63413898
It is hereby announced.
Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) board of directors February 24, 2022
