BYE(SH:603861) Zheng Quan Zhi Xing·2025-08-21 17:21Core Points - The company announced the early redemption of the "Bai Dian Convertible Bonds" with a redemption price of 101.5726 CNY per bond, effective from August 29, 2025 [1][2][4] - The last trading day for the bonds is August 25, 2025, and the last conversion day is August 28, 2025 [1][6] - The bonds will be delisted from the Shanghai Stock Exchange on August 29, 2025, following the completion of the redemption [2][6] Redemption Details - The redemption registration date is August 28, 2025, and the redemption funds will be distributed on August 29, 2025 [1][5] - Investors can either trade the bonds in the secondary market or convert them at a conversion price of 7.63 CNY per share within the specified time [2][3] - The company has triggered the conditional redemption clause as the stock price has met the required threshold [3][4] Financial Implications - The redemption price includes accrued interest calculated at a rate of 2.00%, resulting in a total of 101.5726 CNY per bond [4][5] - After tax, the actual redemption amount for individual investors will be 101.2581 CNY per bond due to a 20% tax on interest income [4][5] Trading and Conversion - As of August 21, 2025, there are only 2 trading days left before the last trading day and 5 days before the last conversion day [1][6] - Investors are advised to convert or sell their bonds before the deadlines to avoid forced redemption at a lower price [2][7]