Xinquan Automotive Trim(SH:603179) Shang Hai Zheng Quan Bao·2025-10-22 19:30Core Viewpoint - The company announces the redemption and delisting of the "New 23 Convertible Bonds" (新23转债), with specific dates and conditions for bondholders to act before the final trading and conversion days [1][4][14]. Redemption Details - The last trading day for the "New 23 Convertible Bonds" is October 24, 2025, with only 2 trading days remaining as of October 22, 2025 [2][13]. - The last conversion day is October 29, 2025, with 5 trading days remaining as of October 22, 2025 [3][13]. - The bonds will be redeemed at a price of 100.2192 CNY per bond, which includes the face value and accrued interest [6][7]. Conditions for Redemption - The redemption condition is met as the company's stock price has been above 130% of the conversion price (65.98 CNY) for at least 15 trading days from September 8 to September 29, 2025 [5][7]. - The redemption registration date is October 29, 2025, and the redemption payment date is October 30, 2025 [6][12]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.1754 CNY per bond after tax [8][9]. - Qualified foreign institutional investors will receive the full redemption amount of 100.2192 CNY per bond without tax deductions [9]. Post-Redemption Actions - After the redemption, the "New 23 Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting October 30, 2025 [4][14]. - The company will announce the results of the redemption and its impact on the company after the process is completed [11].