Eurocrane(SH:603966) Zheng Quan Zhi Xing·2025-06-09 13:44Summary of Key Points Core Viewpoint - The company has decided to exercise its early redemption rights for the convertible bonds due to the stock price meeting the necessary conditions for redemption, leading to the suspension of trading for the bonds and their subsequent delisting from the Shanghai Stock Exchange [3][5][8]. Redemption Details - The redemption registration date is set for June 19, 2025, with a redemption price of 102.2192 CNY per bond [2][5]. - The last trading day for the bonds is June 16, 2025, and the last conversion day is also June 19, 2025 [2][8]. - Following the early redemption, the bonds will be delisted from the Shanghai Stock Exchange on June 20, 2025 [2][8]. Conditions for Redemption - The company's stock price has been above 130% of the conversion price (9.69 CNY) for 15 consecutive trading days, triggering the conditional redemption clause [3][5]. - The redemption applies to all bondholders registered as of the redemption registration date [5]. Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, resulting in an accrued interest of 2.2192 CNY per bond [4][6]. - The total redemption price per bond includes the face value and accrued interest, totaling 102.2192 CNY [5]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income, resulting in a net redemption amount of 101.7754 CNY per bond after tax [6]. - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [6]. Redemption Process - The company will issue a notice regarding the redemption process before the end of the redemption period [7]. - All bonds registered on the redemption registration date will be frozen, and the redemption amount will be distributed on June 20, 2025 [7][8].