LMC(SZ:002921) Zheng Quan Zhi Xing·2025-08-03 16:18Redemption Overview - The company has triggered the conditional redemption of "Liancheng Convertible Bonds" due to the stock price closing at or above 130% of the conversion price for 15 trading days from June 25, 2025, to July 25, 2025, which is 15.07 CNY per share [1][2] - The redemption price is set at 100.22 CNY per bond, which includes accrued interest [3][4] Conditional Redemption Terms - The company can redeem all or part of the unconverted bonds if either of the following conditions is met: 1. The stock price remains above 130% of the conversion price for at least 15 trading days within any 30-day period 2. The remaining unconverted bonds are less than 30 million CNY [2] Redemption Implementation Arrangements - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the redemption registration date of August 15, 2025 [3][4] - The redemption amount will be directly transferred to the bondholders' accounts through their custodial brokers [4] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of approximately 100.176 CNY per bond after tax [5] - Qualified foreign institutional investors are exempt from corporate income tax on bond interest income, receiving the full redemption amount of 100.22 CNY [6] Share Conversion Process - Bondholders wishing to convert their bonds into shares must submit a conversion application, with the minimum conversion unit being one share [6]