EMT(SH:601208) Zheng Quan Zhi Xing·2025-08-25 16:30Core Viewpoint - The company, Sichuan Dongcai Technology Group Co., Ltd., has announced the early redemption of its convertible bonds ("Dongcai Convertible Bonds") due to the triggering of conditional redemption clauses, with the last trading and conversion dates set for September 2 and September 5, 2025, respectively [1][2][4]. Redemption Details - Redemption Registration Date: September 5, 2025 [1] - Redemption Price: 100.8055 CNY per bond [1][4] - Redemption Payment Date: September 8, 2025 [1][5] - Last Trading Day: September 2, 2025 [1][5] - Last Conversion Day: September 5, 2025 [1][5] Conditional Redemption Trigger - The conditional redemption clause was triggered as the company's stock price closed above 130% of the conversion price (14.99 CNY/share) for 15 trading days from July 18 to August 7, 2025 [2][4]. Redemption Process - The redemption applies to all holders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the redemption registration date [4]. - The accrued interest for the bonds is calculated based on a formula that considers the principal amount, interest rate, and the number of days since the last interest payment [4][6]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, 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 non-resident enterprises are exempt from certain taxes until December 31, 2025 [6]. Trading and Conversion Reminders - Investors are reminded to convert or sell their bonds within the specified time frame to avoid forced redemption at the lower price [7]. - As of August 25, 2025, there are only 6 trading days left until the last trading day and 9 days until the last conversion day [7].