泰坦股份: 关于泰坦转债回售的第三次提示性公告

Core Viewpoint - Titan Co., Ltd. has announced the third reminder regarding the repurchase of its convertible bonds, indicating that the bondholders' repurchase application has become invalid due to the current market conditions [1][2]. Summary by Sections Repurchase Overview - The repurchase rights for the convertible bonds are activated if there is a significant change in the implementation of the fundraising projects compared to the commitments made in the prospectus, as recognized by the China Securities Regulatory Commission [2][4]. - Bondholders can sell their bonds back to the company at a price of 100.478 yuan per bond, which includes interest and tax [3][4]. Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t ÷ 365, where: - IA is the accrued interest - B is the total face value of the bonds held - i is the annual coupon rate (0.7% for the current period) - t is the number of days from the last interest payment to the redemption date (249 days for this period) [3]. - The calculated accrued interest amounts to 0.478 yuan per bond, leading to the repurchase price of 100.478 yuan per bond [3]. Tax Implications - For individual investors and securities investment funds, a 20% tax on interest income will be withheld, resulting in a net repurchase amount of 100.382 yuan per bond [3]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from income tax, receiving the full repurchase amount of 100.478 yuan per bond [3]. - Other bondholders are responsible for their own tax payments, also receiving 100.478 yuan per bond [3]. Repurchase Procedure - The repurchase period is set from July 1, 2025, to July 7, 2025, during which bondholders can submit their repurchase applications through the Shenzhen Stock Exchange trading system [6][7]. - The company will process repurchase applications in the order of trading, repurchase, and transfer requests [7]. Trading and Conversion During Repurchase Period - The convertible bonds will continue to be traded during the repurchase period, but conversion to shares will be suspended [7].