ADD(SH:603089) Shang Hai Zheng Quan Bao·2025-06-17 20:09Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has announced the redemption and delisting of its convertible bonds, "Zhengyu Convertible Bonds," with specific dates and conditions for investors to be aware of [1][4][16]. Redemption Details - Redemption registration date is set for June 18, 2025, with trading of "Zhengyu Convertible Bonds" ceasing from June 16, 2025 [2][6]. - The last conversion date for the bonds is also June 18, 2025, with only one trading day remaining before this date [3][15]. - Upon completion of the early redemption, the bonds will be delisted from the Shanghai Stock Exchange starting June 19, 2025 [4][16]. Conversion and Redemption Conditions - Investors can convert their bonds at a price of 8.40 CNY per share within the specified timeframe, or they will be forced to redeem at a price of 101.1644 CNY per bond, which includes accrued interest of 1.1644 CNY [4][11]. - The redemption conditions were triggered as the company's stock price was above 130% of the conversion price for 15 consecutive trading days [5][8]. Financial Calculations - The redemption price is calculated as 100 CNY (face value) plus 1.1644 CNY (accrued interest), totaling 101.1644 CNY per bond [9][11]. - The accrued interest is calculated based on a 2.50% annual coupon rate over 170 days [10][11]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.9316 CNY per bond after tax [11][12]. Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends, and all bonds will be frozen after the registration date [13][14].