QILU BANK(SH:601665) Shang Hai Zheng Quan Bao·2025-08-12 20:27Core Viewpoint - Qilu Bank is implementing the early redemption of its convertible bonds ("Qilu Convertible Bonds") and will delist them from the Shanghai Stock Exchange after the redemption process is completed [1][4][13]. Redemption Details - The last trading day for "Qilu Convertible Bonds" is August 8, 2025, and they will stop trading from August 11, 2025 [2][12]. - The last conversion date for the bonds is August 13, 2025, which is the final opportunity for bondholders to convert their bonds into shares [3][12]. - The redemption price is set at RMB 100.7068 per bond, which includes the face value and accrued interest [4][8][9]. - The redemption registration date is August 13, 2025, and the redemption payment date is August 14, 2025 [8][11]. Conditions for Redemption - The conditional redemption clause was triggered as the stock price of Qilu Bank exceeded 130% of the conversion price for 15 trading days within the specified period [5][7]. - The conversion price was adjusted from RMB 5.14 to RMB 5.00 per share starting June 12, 2025 [5][6]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of RMB 100.5654 per bond after tax [14]. - Resident enterprises are responsible for their own tax payments on bond interest income, with the same net redemption amount applicable [14]. Post-Redemption Actions - After the redemption is completed, "Qilu Convertible Bonds" will be delisted from the Shanghai Stock Exchange on August 14, 2025 [4][13].