BYE(SH:603861) Zheng Quan Zhi Xing·2025-08-25 16:53Core Viewpoint - The company announces the early redemption of its convertible bonds "Bai Dian Convertible Bonds" with specific dates and conditions for redemption and trading cessation [1][2][3] Redemption Details - Redemption registration date is set for August 28, 2025 [1] - Redemption price is 101.5726 CNY per bond [1][4] - Redemption funds will be distributed on August 29, 2025 [1][6] - Last trading day for the bonds is August 25, 2025, after which trading will cease [1][6] Conversion and Trading Information - The last conversion date for the bonds is August 28, 2025, with only three trading days remaining until this date [1][6] - The company emphasizes the importance for bondholders to convert their bonds within the specified period to avoid forced redemption [2][7] Conditional Redemption Clause - The conditional redemption clause has been triggered as the company's stock price has met the required threshold [3][4] - The stock price must be at least 130% of the conversion price for a specified number of trading days for the redemption to occur [3][4] Interest and Tax Information - The accrued interest for the bonds is calculated to be 1.5726 CNY per bond, leading to a total redemption amount of 101.5726 CNY [4][5] - Tax implications for individual investors include a 20% tax on interest income, resulting in a net redemption amount of 101.2581 CNY after tax [5][6] Post-Redemption Actions - Following the redemption, the bonds will be delisted from the Shanghai Stock Exchange on August 29, 2025 [1][6] - The company will notify bondholders of the redemption results and its impact on the company through official announcements [6][7]