JAFRON(SZ:300529) Zheng Quan Zhi Xing·2025-08-04 16:36Core Viewpoint - The company announces the conditional redemption of its convertible bonds ("健帆转债") due to the stock price falling below the specified threshold, allowing bondholders to redeem their bonds at a predetermined price [2][5]. Redemption Overview - The convertible bonds are eligible for redemption if the company's stock price remains below 70% of the conversion price (27.06 CNY) for 30 consecutive trading days [2]. - The redemption right allows bondholders to sell their bonds back to the company at face value plus accrued interest during the last two interest years of the bond [2][3]. Redemption Price Calculation - The redemption price is calculated to be 100.227 CNY per bond, which includes accrued interest of 0.227 CNY based on a coupon rate of 1.80% for the current interest period [4]. - Tax implications vary for different types of bondholders, with individual investors subject to a 20% withholding tax, while qualified foreign institutional investors (QFII and RQFII) are exempt from tax [4][5]. Redemption Process and Payment - Bondholders can submit their redemption requests from August 8 to August 14, 2025, through the Shenzhen Stock Exchange trading system [6]. - The company will announce the redemption conditions and procedures in accordance with regulatory guidelines, ensuring transparency for investors [5][6]. Trading and Conversion During Redemption Period - The convertible bonds will continue to be traded during the redemption period, but conversion into shares will be suspended [6]. - If bondholders submit multiple requests (trading, redemption, transfer), the requests will be processed in a specific order: trading, redemption, then transfer [6].