JTGROUP(SH:601609) Shang Hai Zheng Quan Bao·2025-08-22 23:20Core Viewpoint - The company announces the redemption and delisting of the "Jin Tong Convertible Bonds" effective from August 26, 2025, following the completion of the early redemption process [1][4][15]. Redemption Details - The last trading day for "Jin Tong Convertible Bonds" is August 20, 2025, and trading will cease from August 21, 2025 [2][14]. - The final conversion date for the bonds is August 25, 2025, with only one trading day remaining before this date [3][14]. - The redemption price is set at 100.0477 yuan per bond, which includes accrued interest of 0.0477 yuan [4][8]. - The redemption registration date is August 25, 2025, and the redemption payment date is August 26, 2025 [6][13]. Conditions for Redemption - The company has triggered the redemption clause as the stock price has been at least 130% of the conversion price (7.53 yuan) for 15 out of the last 30 trading days [5][7]. - If the total face value of unconverted bonds is less than 30 million yuan, the company has the right to redeem all or part of the unconverted bonds [7]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.0382 yuan per bond after tax [9][10]. - For qualified foreign institutional investors, the redemption amount will be distributed on a pre-tax basis [10]. Post-Redemption Actions - After the redemption process, the company will announce the results and the impact of the redemption on the company [12].