GDTC(SH:688186) Shang Hai Zheng Quan Bao·2025-07-31 19:03Summary of Key Points Core Viewpoint The announcement details the early redemption and delisting of the "Guangda Convertible Bonds" by Zhangjiagang Guangda Special Materials Co., Ltd., highlighting important dates and conditions for bondholders to take action before the bonds are redeemed. Group 1: Redemption Details - The last trading day for the "Guangda Convertible Bonds" is August 19, 2025, with only 13 trading days remaining as of July 31, 2025 [2][19] - The last conversion date is August 22, 2025, with 16 trading days remaining as of July 31, 2025 [3][19] - The redemption price is set at 100.8658 yuan per bond, which includes accrued interest [4][13] - The redemption date is August 25, 2025, when the bonds will be delisted from the Shanghai Stock Exchange [4][20] Group 2: Conditions for Redemption - The conditional redemption clause has been triggered as the company's stock price has met the criteria of being above 130% of the conversion price for at least 15 trading days within a 30-day period [5][11] - The redemption registration date is August 22, 2025, and all bonds will be frozen after this date if not converted [12][23] - Investors are advised to convert or sell their bonds within the specified timeframe to avoid forced redemption [25] Group 3: Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of approximately 100.6926 yuan per bond after tax [21] - Non-resident enterprises may benefit from a temporary exemption from corporate income tax on bond interest income until December 31, 2025 [22]