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AviChina Industry & Technology Company Limited*
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 2357)
COMPLETION OF CONVERSION AND REDEMPTION OF JONHON
OPTRONIC CONVERTIBLE BONDS
This announcement is made by AviChina Industry & Technology Company Limited (the "Company") on a voluntary basis.
Reference is made to the announcement made by the Company dated 8 November 2018, in relation to the issuance of convertible corporate bonds ("JONHON Optronic Convertible Bonds") by China Aviation Optical-Electrical Technology Co., Ltd. ("JONHON Optronic"), a subsidiary of the Company.
On 5 November 2018, JONHON Optronic issued JONHON Optronic Convertible Bonds in a total amount of RMB1.3 billion in a public manner. On 12 September 2019, JONHON Optronic Convertible Bonds triggered the conditional redemption term as agreed under the Offering Document in Relation to the Convertible Corporate Bonds to be Publicly Issued by China Aviation Optical-Electrical Technology Co., Ltd. As at the date of the announcement, all the unconverted JONHON Optronic Convertible Bonds, with a total par value of RMB2,304,300, have been redeemed by JONHON Optronic, representing 0.18% of the total issued JONHON Optronic Convertible Bonds.
As at the date of the announcement, the conversion and redemption of JONHON Optronic Convertible Bonds have been completed. The total share capital of JONHON Optronic has been increased by 42,035,940 A shares in aggregation due to the conversion of JONHON Optronic Convertible Bonds into shares. Among the subscription of JONHON Optronic Convertible Bonds by the Company in a total amount of RMB300 million, the Company has converted into 197,732 A shares of JONHON Optronic.