HUAYOU COBALT(SH:603799) Shang Hai Zheng Quan Bao·2025-09-23 19:19Core Viewpoint - The company announces the redemption and delisting of its convertible bond "Huayou Convertible Bond" effective from September 24, 2025, with the last conversion date set for September 26, 2025 [1][2][4]. Redemption Details - The "Huayou Convertible Bond" will stop trading from September 24, 2025 [2][14]. - The last conversion date is September 26, 2025, with only three trading days remaining until this date [3][14]. - Following the early redemption, the bond will be delisted from the Shanghai Stock Exchange starting September 29, 2025 [4][15]. - Investors can convert the bond at a price of 34.43 CNY per share or opt for a forced redemption at 100.8918 CNY per bond, which includes accrued interest [4][10]. Conditional Redemption Trigger - The bond's conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price (44.759 CNY) for 15 trading days from July 25 to August 29, 2025 [5][8]. - The board approved the early redemption on August 29, 2025, based on the conditions outlined in the bond's prospectus [5][8]. Redemption Process - The redemption registration date is September 26, 2025, with the redemption price set at 100.8918 CNY per bond [6][10]. - The redemption payment will be issued on September 29, 2025 [13]. - All bonds registered by the redemption date will be frozen and subsequently redeemed [11][18]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.7134 CNY per bond after tax [16]. - Qualified foreign institutional investors will receive the full redemption amount of 100.8918 CNY per bond without tax deductions [17].