EMT(SH:601208) Zheng Quan Zhi Xing·2025-08-29 16:41Core 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 Terms - The redemption registration date is September 5, 2025, and the last trading day is September 2, 2025 [1][5]. - The redemption price is set at 100.8055 CNY per bond, which includes accrued interest calculated based on a 1.00% annual interest rate over 294 days [4][6]. - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for 15 trading days [2][4]. Investor Guidance - Investors can either trade the bonds in the secondary market or convert them at the conversion price of 11.53 CNY per share before the last trading day [2][3]. - It is advised that bondholders pay attention to the deadlines for conversion or selling to avoid forced redemption [7][8]. 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][7]. - Resident enterprises are responsible for their own tax payments, while non-resident enterprises are exempt from certain taxes until December 31, 2025 [6][7].