DAYUAN PUMP(SH:603757) Shang Hai Zheng Quan Bao·2025-09-10 19:17Core 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]. Redemption Details - The last trading day for "Dayuan Convertible Bonds" is September 11, 2025, and the last conversion day is September 16, 2025 [2][10]. - The redemption price is set at 100.7836 CNY per bond, which includes the face value and accrued interest [6][9]. - The redemption will take effect on September 17, 2025, when the bonds will be delisted from the Shanghai Stock Exchange [3][11]. Conditions for Redemption - The redemption conditions were triggered as the company's stock price was above 130% of the conversion price for 15 consecutive trading days from August 4 to August 22, 2025 [3][5]. - The total amount of unconverted bonds must be less than 30 million CNY for redemption to occur [5]. Interest and Taxation - The accrued interest for the bonds is calculated based on the formula: IA = B × i × t ÷ 365, where IA is the accrued interest, B is the total face value held, i is the annual coupon rate, and t is the number of days [6]. - Individual investors are subject to a 20% personal income tax on the interest income, resulting in a net redemption amount of 100.6269 CNY per bond after tax [7][8]. Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends [8]. - On the redemption registration date, all unconverted bonds will be frozen, and the redemption amount will be distributed through the designated trading institutions [9].