QILU BANK(SH:601665) Zheng Quan Zhi Xing·2025-07-11 16:13Core Points - Qilu Bank has announced the early redemption of its convertible bonds, "Qilu Convertible Bonds," which will be redeemed at a price of RMB 100.7068 per bond [1][5][9] - The last trading day for the "Qilu Convertible Bonds" is set for August 8, 2025, and the redemption registration date is August 13, 2025 [1][7] - Following the redemption, the bonds will be delisted from the Shanghai Stock Exchange on August 14, 2025 [2][7] Redemption Details - The redemption price includes the face value of RMB 100 plus accrued interest of RMB 0.7068, calculated based on a 1.00% annual coupon rate over 258 days [5][6] - The conditional redemption clause was triggered as the company's stock price exceeded 130% of the conversion price for 15 trading days within a specified period [2][4] - Investors must either convert their bonds at the conversion price of RMB 5.00 per share or sell them in the secondary market before the last trading day to avoid forced redemption [2][9] Important Dates - Last trading day: August 8, 2025 [1][7] - Redemption registration date: August 13, 2025 [1][6] - Redemption payment date: August 14, 2025 [6][8] Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of RMB 100.5654 per bond after tax [8][9] - Non-resident enterprises are exempt from corporate income tax and value-added tax on interest income from these bonds until December 31, 2025 [8]