DAYUAN PUMP(SH:603757) Shang Hai Zheng Quan Bao·2025-09-05 22:02Core Viewpoint - Zhejiang Dayuan Pump Industry Co., Ltd. has announced the early redemption and delisting of its convertible bonds, "Dayuan Convertible Bonds," due to the stock price meeting the redemption conditions set forth in the bond issuance prospectus [3][4][5]. Summary by Sections Redemption Announcement - The last trading day for "Dayuan Convertible Bonds" is September 11, 2025, and the last conversion day is September 16, 2025 [2][10]. - Following the early redemption, the bonds will be delisted from the Shanghai Stock Exchange on September 17, 2025 [3][11]. Redemption Conditions - The redemption was triggered as the company's stock price was at least 130% of the conversion price for 15 consecutive trading days from August 4 to August 22, 2025 [3][5]. - The redemption price is set at 100.7836 CNY per bond, which includes accrued interest [6][9]. Redemption Process - The redemption registration date is September 16, 2025, and the redemption payment date is September 17, 2025 [4][9]. - Investors must either convert their bonds at the conversion price of 20.59 CNY per share or sell them in the secondary market before the last trading day to avoid forced redemption [3][12]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6269 CNY per bond after tax [6][7]. - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds until December 31, 2025 [7][8]. Contact Information - For further inquiries, investors can contact the company's securities department at 0576-86441299 [14].