KHB(SZ:002022) Shang Hai Zheng Quan Bao·2025-09-10 20:07Core Viewpoint - The announcement details the conditional redemption of "Kehua Convertible Bonds" by Shanghai Kehua Bioengineering Co., Ltd, triggered by specific stock price conditions and outlines the redemption process and terms [1][2][6]. Redemption Conditions - The redemption price is set at 100.241 RMB per bond (including interest and tax) [1][6]. - The triggering date for the redemption conditions is September 5, 2025, when the stock price must be below 70% of the conversion price for 30 consecutive trading days [1][2][4]. Redemption Process - The redemption application period is from September 10 to September 16, 2025 [2][8]. - The funds will be credited to the issuer's account on September 19, 2025, with the redemption payment date set for September 22, 2025, and investors will receive the funds by September 23, 2025 [2][8]. Interest Calculation - The interest for the redemption is calculated based on a rate of 2.00% for the sixth interest period, resulting in an accrued interest of 0.241 RMB per bond [4][5][6]. Tax Implications - Individual investors will have a net redemption amount of 100.193 RMB per bond after a 20% tax deduction, while qualified foreign institutional investors (QFII and RQFII) are exempt from tax [6]. Trading and Conversion Restrictions - During the redemption application period, "Kehua Convertible Bonds" will continue to trade but will not allow conversion into shares [8].