Rocoi(SH:603829) Shang Hai Zheng Quan Bao·2025-11-03 20:01Core Viewpoint - Jiangsu Luokai Electromechanical Co., Ltd. has announced the early redemption and delisting of its convertible bonds, "Luokai Convertible Bonds," due to the triggering of conditional redemption clauses as the stock price exceeded 130% of the conversion price for a specified period [4][5]. Summary by Sections Redemption Announcement - The company will redeem all outstanding "Luokai Convertible Bonds" at a price of 100.0384 CNY per bond, including accrued interest, effective from November 21, 2025 [3][7]. - The last trading day for the bonds is set for November 17, 2025, and the last conversion day is November 20, 2025 [2][13]. Conditions for Redemption - The redemption was triggered as the stock price of the company was above 19.929 CNY (130% of the conversion price of 15.33 CNY) for at least 15 trading days within a 30-day period [4][5]. - The company’s board approved the early redemption on October 10, 2025 [4]. Redemption Process - The redemption registration date is November 20, 2025, and the redemption payment will be made on November 21, 2025 [6][12]. - Investors must either convert their bonds at the conversion price or sell them in the secondary market before the last trading day to avoid forced redemption [3][15]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, affecting the net amount received upon redemption [9][10]. Delisting Information - The "Luokai Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting November 21, 2025, following the completion of the redemption [3][14].