Youon(SH:603776) Zheng Quan Zhi Xing·2025-07-27 16:14Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Yongan Convertible Bonds," which will be fully redeemed on August 12, 2025, following the fulfillment of specific redemption conditions [1][4]. Redemption Conditions - The redemption was triggered as the company's stock price met the condition of being at least 130% of the conversion price, which is 18.49 CNY per share [4]. - The redemption price is set at 101.4301 CNY per bond, which includes the face value and accrued interest [3][4]. Important Dates - The last trading day for "Yongan Convertible Bonds" is August 6, 2025, and the last conversion day is August 11, 2025 [3][6]. - The redemption registration date is August 11, 2025, and the redemption payment date is August 12, 2025 [3][4]. Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, resulting in an accrued interest of 1.4301 CNY per bond [4][5]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, which will be deducted at source, resulting in a net redemption amount of 101.1441 CNY per bond after tax [4][5]. Trading and Conversion - Investors are advised to convert or sell their bonds before the last trading day to avoid forced redemption at the lower price [6][7]. - The company will freeze all bonds registered after the redemption registration date, ceasing trading and conversion options [7]. Delisting Information - Following the completion of the redemption, "Yongan Convertible Bonds" will be delisted from the Shanghai Stock Exchange on August 12, 2025 [6][7].