LMC(SZ:002921) Shang Hai Zheng Quan Bao·2025-08-03 19:29Summary of Key Points Core Viewpoint - The company, Shandong Liancheng Precision Manufacturing Co., Ltd., has announced the implementation of the redemption of its convertible bonds, "Liancheng Convertible Bonds," due to the triggering of conditional redemption clauses based on stock price performance [1][5]. Redemption Overview - The redemption price for "Liancheng Convertible Bonds" is set at 100.22 CNY per bond, including interest and tax, with a current annual interest rate of 2.50% [2][11]. - The conditional redemption clause was triggered as the company's stock price closed above 130% of the conversion price for 15 trading days within a 30-day period [5][8]. Key Dates - Conditional redemption trigger date: July 25, 2025 [6] - Redemption registration date: August 15, 2025 [6] - Redemption date: August 18, 2025 [6] - Last trading day for the bonds: August 13, 2025 [6] - Last day for conversion: August 18, 2025 [6] - Funds credited to the issuer's account: August 21, 2025 [6] - Redemption funds credited to bondholders' accounts: August 25, 2025 [6]. Redemption Process - The company will issue a reminder announcement on each trading day leading up to the redemption date [14]. - The bonds will cease trading on August 13, 2025, and conversion will stop on August 18, 2025 [15]. - After the redemption is completed, the bonds will be delisted from the Shenzhen Stock Exchange [15]. 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 [17]. - Qualified foreign institutional investors are exempt from corporate income tax on interest income until December 31, 2025 [18]. Additional Information - The company confirmed that there were no transactions of "Liancheng Convertible Bonds" by major shareholders and executives in the six months leading up to the redemption condition [16].