JTGROUP(SH:601609) Zheng Quan Zhi Xing·2025-08-21 16:35Core Viewpoint - Ningbo Jintian Copper Industry (Group) Co., Ltd. has announced the early redemption of its convertible bond "Jin Tong Convertible Bond" due to the stock price exceeding the redemption threshold, leading to its delisting from the Shanghai Stock Exchange on August 26, 2025 [1][2][4]. Redemption Details - The last trading day for "Jin Tong Convertible Bond" is August 20, 2025, and the last conversion day is August 25, 2025 [3][6]. - The redemption price is set at 100.0477 CNY per bond, which includes accrued interest of 0.0477 CNY [4][5]. - The company has triggered the redemption clause as the stock price was above 130% of the conversion price (7.53 CNY) for 15 out of 30 trading days from July 14 to August 1, 2025 [2][3]. Investor Guidance - Investors are advised to convert their bonds at the conversion price of 5.79 CNY per share before the last conversion date to avoid forced redemption [1][7]. - From August 21, 2025, "Jin Tong Convertible Bond" will cease trading, and all unconverted bonds will be frozen after the redemption registration date [6][7]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.0382 CNY after tax [4][5].