EMT(SH:601208) Shang Hai Zheng Quan Bao·2025-08-14 18:56Core Viewpoint - The company announces the early redemption of its convertible bonds, "Dongcai Convertible Bonds," which will be forced redeemed at a price of 100.8055 yuan per bond, with the last trading day set for September 2, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on September 8, 2025 [1][3][11]. Redemption Details - The redemption registration date is September 5, 2025, and the redemption price is set at 100.8055 yuan per bond [4][8]. - The last trading day for the "Dongcai Convertible Bonds" is September 2, 2025, and the last conversion day is September 5, 2025 [11][14]. - Investors must convert or sell their bonds within the specified period to avoid forced redemption [3][14]. Conditions for Early Redemption - The early redemption was triggered as the company's stock price closed above 130% of the conversion price (14.99 yuan per share) for 15 trading days from July 18 to August 7, 2025 [4][6]. - The company has the right to redeem the bonds if the unconverted balance is less than 30 million yuan or if the stock price condition is met [5][6]. Interest Calculation - The accrued interest for the bonds is calculated to be 0.8055 yuan per bond, leading to a total redemption price of 100.8055 yuan [9][10]. - The interest rate for the bonds is 1.00%, and the interest is calculated based on the number of days from the last interest payment date [9]. Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of 100.6444 yuan per bond after tax [12]. - Non-resident enterprises are exempt from income tax on bond interest until December 31, 2025 [12].