HUAYOU COBALT(SH:603799) Zheng Quan Zhi Xing·2025-09-07 08:17Core Viewpoint - The announcement details the early redemption and delisting of "Huayou Convertible Bonds" by Zhejiang Huayou Cobalt Co., Ltd, highlighting the redemption price and important dates for bondholders [2][3][4]. Redemption Details - The redemption price for "Huayou Convertible Bonds" is set at 100.8918 CNY per bond, which includes the principal and accrued interest [7][9]. - The redemption registration date is September 26, 2025, with the redemption payment date scheduled for September 29, 2025 [2][8]. - The last trading day for the bonds is September 23, 2025, and the last conversion day is also September 26, 2025 [2][8]. Conditions for Early Redemption - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price (44.759 CNY) for at least 15 trading days from July 25 to August 29, 2025 [4][6]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million CNY [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 100.7134 CNY per bond after tax [9][10]. - Qualified foreign institutional investors will receive the full redemption amount of 100.8918 CNY per bond without tax deductions [10]. Trading and Conversion - Bondholders are advised to convert or sell their bonds before the last trading day to avoid forced redemption at the lower price [11]. - The bonds will be suspended from trading after the redemption registration date, and all unconverted bonds will be frozen [11]. Delisting Information - "Huayou Convertible Bonds" will be delisted from the Shanghai Stock Exchange effective September 29, 2025, following the completion of the redemption [9][11].