BYE(SH:603861) Zheng Quan Zhi Xing·2025-08-23 16:10Core 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] - The last trading day for the bonds is set for August 25, 2025, and the last conversion day is August 28, 2025 [1][6] - The early redemption was triggered as the company's stock price met the condition of being at least 130% of the conversion price for 15 out of 30 trading days [3][4] Redemption Details - Redemption registration date is August 28, 2025, and the funds will be distributed on August 29, 2025 [1][6] - Investors can either trade the bonds in the secondary market or convert them at a conversion price of 7.63 CNY per share [2][5] - The total interest accrued for the bonds is calculated to be 1.5726 CNY per bond, leading to a total redemption price of 101.5726 CNY [4][5] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 101.2581 CNY after tax [4][5] - For resident enterprises, the tax on bond interest income is self-reported, with the gross redemption amount remaining at 101.5726 CNY [5] Trading and Conversion - As of August 22, 2025, there is only one trading day left before the last trading day, and four trading days left before the last conversion day [6][7] - The bonds will be frozen after the redemption registration date, and any unconverted bonds will be redeemed at the specified price [7] Delisting Information - The "Bai Dian Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting August 29, 2025 [2][6]