LMC(SZ:002921) Shang Hai Zheng Quan Bao·2025-08-12 20:37Core Points - The company announces the redemption of "Liancheng Convertible Bonds" and the important notice regarding the cessation of conversion rights [1][2][3] Redemption Details - The last conversion date for "Liancheng Convertible Bonds" is August 15, 2025, after which unconverted bonds will be redeemed [2][4] - The redemption price is set at 100.22 CNY per bond, including interest and tax [3][10] - The conditional redemption trigger date was July 25, 2025, due to the stock price meeting the specified criteria [6][7] Important Dates - Redemption registration date: August 15, 2025 [4] - Redemption date: August 18, 2025 [4] - Trading cessation date: August 13, 2025 [14] - Funds will be credited to investors' accounts by August 25, 2025 [14] Redemption Process - All holders of "Liancheng Convertible Bonds" registered by the redemption registration date will be subject to full redemption [11] - The company will issue daily announcements regarding the redemption until the redemption date [12] Tax Implications - Individual investors are subject to a 20% tax on interest income, affecting the net redemption amount [16][17] - Qualified foreign institutional investors are exempt from corporate income tax on interest income until December 31, 2025 [17] Conversion Procedures - Holders must apply for conversion through their securities company, with a minimum conversion unit of one bond [18] - Any unconverted balance will be paid in cash along with accrued interest [18]