Chunqiu ET(SH:603890) Shang Hai Zheng Quan Bao·2025-10-31 19:33Core Points - The company, Suzhou Chunqiu Electronics Technology Co., Ltd., has announced the early redemption of its convertible bonds, "Chunqiu Convertible Bonds," due to the stock price meeting the conditions for conditional redemption [4][5][6] - The last trading day for the "Chunqiu Convertible Bonds" is November 3, 2025, and the last conversion day is November 6, 2025 [2][3][11] - Following the redemption, the bonds will be delisted from the Shanghai Stock Exchange on November 7, 2025 [4][12] Redemption Details - The redemption price is set at 101.701 CNY per bond, which includes the face value and accrued interest [7][8] - The accrued interest is calculated based on a 3.0% annual coupon rate for 207 days, resulting in an interest of 1.701 CNY per bond [7][8] - The redemption will be executed for all bonds registered as of the redemption registration date, November 6, 2025 [5][6][9] Investor Guidance - Investors are advised to either convert their bonds at the conversion price of 10.50 CNY per share or sell them in the secondary market before the last trading day to avoid forced redemption [4][11][12] - The company emphasizes the importance of understanding the convertible bond regulations and the associated risks [4][12] Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 101.361 CNY per bond after tax [8] - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds until December 31, 2025 [8]