GDTC(SH:688186) Shang Hai Zheng Quan Bao·2025-08-11 19:34Summary of Key Points Core Viewpoint - The company announces the early redemption of its convertible bonds ("广大的转债") and provides important dates and conditions for bondholders to take action before the bonds are delisted from the Shanghai Stock Exchange. Group 1: Redemption Details - The last trading day for "广大转债" is August 19, 2025, and the last conversion day is August 22, 2025 [2][3] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [4][13] - The bonds will be delisted from the Shanghai Stock Exchange starting August 25, 2025 [4][18] Group 2: Conversion and Trading Information - As of August 8, 2025, a total of 1,344,293,000 CNY worth of "广大转债" has been converted into 64,574,514 shares, representing 30.14% of the company's total shares before conversion [26][30] - The remaining unconverted bonds amount to 205,707,000 CNY, which is 13.27% of the total issuance [27][30] - The initial conversion price was adjusted from 33.12 CNY to 20.80 CNY per share due to corporate actions [29] Group 3: Conditions for Redemption - The company has triggered the conditional redemption clause as the stock price has met the required thresholds for a specified number of trading days [5][11] - The redemption will occur if the bonds are not converted by the specified dates, and they will be forcibly redeemed at the stated price [4][21] Group 4: Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6926 CNY per bond after tax [18][20]