CFT(SH:603685) Shang Hai Zheng Quan Bao·2025-10-22 18:40Core Viewpoint - Zhejiang Chenfeng Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Chenfeng Convertible Bonds," due to the stock price meeting the redemption conditions, with the last trading day set for November 17, 2025 [5][10]. Summary by Sections Redemption Announcement - The company will redeem all outstanding "Chenfeng Convertible Bonds" at a price of 100.6164 CNY per bond, which includes accrued interest of 0.6164 CNY [4][12]. - The redemption date is set for November 21, 2025, and the last trading day for the bonds is November 17, 2025 [6][19]. Conditions for Redemption - The redemption was triggered as the company's stock price was above 130% of the conversion price (16.601 CNY) for 30 consecutive trading days [5][10]. - The bonds will be forcibly redeemed if not converted or sold by the specified dates, potentially leading to significant investment losses for holders [4][20]. Important Dates - Last trading day: November 17, 2025 [6][19] - Last conversion day: November 20, 2025 [3][19] - Redemption registration date: November 20, 2025 [6][11] - Redemption payment date: November 21, 2025 [6][15] Tax Implications - Individual investors will be subject to a 20% tax on interest income, resulting in a net redemption amount of 100.4931 CNY per bond after tax [17]. - For qualified foreign institutional investors, the redemption amount will be paid before tax [18].