Youon(SH:603776) Zheng Quan Zhi Xing·2025-07-29 16:43Core Viewpoint - The company announces the early redemption of its convertible bonds, "Yongan Convertible Bonds," with specific dates and conditions for bondholders to act before the bonds are delisted from the Shanghai Stock Exchange [1][2][3]. Redemption Details - Redemption Registration Date: August 11, 2025 [1] - Redemption Price: 101.4301 CNY per bond [1][4] - Redemption Payment Date: August 12, 2025 [1] - Last Trading Day: August 6, 2025 [1] - Last Conversion Day: August 11, 2025 [1][6] Conditions for Redemption - The redemption condition was met as the company's stock price was above 130% of the conversion price (18.49 CNY) for 15 consecutive trading days from June 24, 2025, to July 14, 2025 [2][3]. - The company’s board approved the early redemption of all outstanding "Yongan Convertible Bonds" [2][3]. Interest Calculation - The accrued interest for the bonds is calculated as follows: IA = B × i × t / 365, where: - IA: Accrued interest - B: Total face value of the bonds held - i: Annual coupon rate (2.00%) - t: Number of days from the last interest payment date to the redemption date (261 days) [4]. - The total accrued interest amounts to 1.4301 CNY per bond, leading to a total redemption price of 101.4301 CNY per bond [4]. Tax Information - Individual investors are subject to personal income tax on bond interest income, with the tax rate applicable based on the location of the payment institution [5]. - Foreign institutional investors are temporarily exempt from corporate income tax and value-added tax on bond interest income until December 31, 2025 [5]. Redemption Process - The company will issue a notice regarding the redemption process before the redemption period ends [6]. - All bonds registered on the redemption registration date will be frozen and cease trading and conversion after the registration date [7]. Market Context - As of July 29, 2025, the market price of "Yongan Convertible Bonds" was 156.912 CNY per bond, significantly higher than the redemption price, indicating potential losses for investors who do not act in time [8].