EMT(SH:601208) Zheng Quan Zhi Xing·2025-08-22 17:11Core Viewpoint - The company, Sichuan Dongcai Technology Group Co., Ltd., has announced the early redemption of its convertible bonds, Dongcai Convertible Bonds, which will be redeemed at a price of 100.8055 CNY per bond, with the last trading day set for September 2, 2025, and the redemption date on September 8, 2025 [1][2][6]. Redemption Details - Redemption Registration Date: September 5, 2025 [1] - Redemption Price: 100.8055 CNY per bond [4] - Redemption Payment Date: September 8, 2025 [5] - Last Trading Day: September 2, 2025 [5] - Last Conversion Date: September 5, 2025 [5] Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price closed above 130% of the conversion price (14.99 CNY) for 15 trading days from July 18 to August 7, 2025 [2][4]. - The redemption applies to all holders of Dongcai Convertible Bonds registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the redemption registration date [4]. Interest Calculation - The accrued interest for the bonds is calculated as follows: IA = B × i × t / 365, where: - IA: Accrued interest - B: Total face value of the bonds held - i: Annual coupon rate (1.00%) - t: Number of days from the last interest payment date (November 18, 2024) to the redemption date [4][6]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.6444 CNY per bond after tax [6]. - Resident enterprises are responsible for their own tax payments, while foreign institutions are exempt from income tax on bond interest until December 31, 2025 [6]. Trading and Conversion Reminders - Investors are reminded to convert or sell their bonds within the specified period to avoid forced redemption at the lower price [7]. - As of August 22, 2025, there are only 7 trading days left until the last trading day and 10 days until the last conversion day [5][7]. Delisting Information - Following the completion of the early redemption, Dongcai Convertible Bonds will be delisted from the Shanghai Stock Exchange on September 8, 2025 [6].