Core Viewpoint - The company is implementing the early redemption of its convertible bonds, "Huitong Convertible Bonds," due to the stock price meeting the redemption conditions outlined in the offering prospectus [2][4]. Redemption Details - Redemption registration date is set for July 24, 2025 [1]. - The redemption price is 100.633 CNY per bond [1][5]. - Redemption payment date is July 25, 2025 [1]. - The last trading day for the bonds is July 21, 2025 [1][6]. - The last conversion day for the bonds is also July 24, 2025 [1][6]. Conditions for Redemption - The stock price of the company has met the condition of being at least 130% of the conversion price for 15 out of the last 30 trading days from June 13 to July 3, 2025 [2][4]. - The company’s board approved the early redemption at a meeting on July 3, 2025 [2]. Interest Calculation - The interest for the current period is calculated as follows: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [3][5]. - For the current interest period (December 6, 2024, to December 5, 2025), the coupon rate is 1.00%, and the total days counted for interest is 231 [5]. Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends [5]. - All bonds registered with the Shanghai Branch of China Securities Depository and Clearing Corporation will be frozen after the redemption registration date [5]. - The redemption amount will be distributed through the designated trading institutions on the redemption payment date [5][6]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, which will be withheld by the payment agency [6][7]. - For qualified foreign institutional investors, the redemption amount will be distributed without withholding corporate income tax and value-added tax until December 31, 2025 [7]. Important Reminders - Bondholders are advised to convert or sell their bonds before the last trading day to avoid forced redemption at a lower price [2][8]. - The current market price of the bonds (as of July 15, 2025, at 122.916 CNY) is significantly higher than the redemption price, indicating potential losses for those who do not act in time [8].
会通股份: 会通新材料股份有限公司关于实施“会通转债”赎回暨摘牌的第二次提示公告