EMT(SH:601208) Zheng Quan Zhi Xing·2025-09-02 16:14Summary of Key Points Core 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 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] Conditions for Redemption - The conditional redemption was triggered as the stock price has been above 130% of the conversion price (14.99 CNY) for 15 trading days from July 18 to August 7, 2025 [2][3][4]. - Investors can either convert their bonds at the conversion price of 11.53 CNY or face forced redemption at the price of 100.8055 CNY [2][7]. Redemption Process - All registered holders of "Dongcai Convertible Bonds" as of the redemption date will be subject to the redemption [4]. - The company will notify bondholders of the redemption details through a prompt announcement before the redemption period ends [4][5]. Tax Implications - Individual investors are subject to a 20% tax on interest income, 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 tax until December 31, 2025 [6]. Trading and Listing - "Dongcai Convertible Bonds" will cease trading after September 2, 2025, and will be delisted from the Shanghai Stock Exchange on September 8, 2025 [5][7].