DAYUAN PUMP(SH:603757) Shang Hai Zheng Quan Bao·2025-09-12 18:43Core Viewpoint - The announcement details the redemption and delisting of "Dayuan Convertible Bonds" (大元转债), effective from September 12, 2025, with the last conversion date set for September 16, 2025 [2][3][4]. Redemption Details - The last trading day for "Dayuan Convertible Bonds" is September 11, 2025, and trading will cease on September 12, 2025 [6][13]. - The redemption price is set at 100.7836 CNY per bond, which includes the face value and accrued interest [8][9]. - The redemption date is September 17, 2025, when the bonds will be delisted from the Shanghai Stock Exchange [4][14]. Conversion Conditions - The bonds are subject to early redemption as the company's stock price exceeded 130% of the conversion price for 15 consecutive trading days from August 4 to August 22, 2025 [5][7]. - Investors must convert their bonds or sell them before the last trading day to avoid forced redemption [15][16]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.6269 CNY per bond after tax [9][10]. - Non-resident enterprises are exempt from corporate income tax on interest income from these bonds until December 31, 2025 [10]. Communication and Procedures - The company will notify bondholders of the redemption process and results through various channels, including the Shanghai Stock Exchange website and financial newspapers [11][12].