CHANGHONG TECHNOLOGY(SZ:300151) Zheng Quan Zhi Xing·2025-06-02 08:48Summary of Key Points Core Viewpoint - The company announces the conditional redemption of its convertible bonds, "Changhong Convertible Bonds," due to the stock price falling below a specified threshold, allowing bondholders to sell their bonds back to the company at a predetermined price [1][4]. Group 1: Redemption Conditions - The redemption condition is triggered when the company's stock price remains below 70% of the conversion price (CNY 26.79) for 30 consecutive trading days, which equates to a price of CNY 18.75 per share [1][2]. - The redemption applies to the last two interest payment years of the convertible bonds, allowing bondholders to redeem their bonds at face value plus accrued interest [1][2]. Group 2: Redemption Price and Tax Implications - The redemption price for the "Changhong Convertible Bonds" is calculated to be CNY 100.432 per bond, which includes interest and tax [3]. - Individual investors will have a net redemption amount of CNY 100.346 per bond after a 20% tax deduction on interest, while qualified foreign institutional investors (QFII and RQFII) are exempt from this tax [3]. Group 3: Redemption Process - The redemption period is set from June 3, 2025, to June 9, 2025, during which bondholders can submit their redemption requests through the Shenzhen Stock Exchange [4][5]. - The company will provide daily announcements regarding the redemption process and will handle the settlement through the China Securities Depository and Clearing Corporation [4][5].