CFT(SH:603685) Shang Hai Zheng Quan Bao·2025-11-05 20:24Core Viewpoint - The announcement details the early redemption of "Chenfeng Convertible Bonds" by Zhejiang Chenfeng Technology Co., Ltd., highlighting important dates and conditions for bondholders [1][4][20]. Redemption Details - The last trading day for "Chenfeng Convertible Bonds" is November 17, 2025, with only 8 trading days remaining as of November 5, 2025 [2][16]. - The last conversion date for the bonds is November 20, 2025, with 11 trading days left as of November 5, 2025 [3][16]. - The bonds will be delisted from the Shanghai Stock Exchange starting November 21, 2025, following the completion of the early redemption [4][17]. Redemption Conditions - The redemption price is set at 100.6164 CNY per bond, which includes accrued interest of 0.6164 CNY [4][10][13]. - The redemption conditions were met as the company's stock price was above 130% of the conversion price (16.601 CNY) for 30 consecutive trading days from August 25 to October 13, 2025 [5][9]. Important Dates - Redemption registration date is November 20, 2025 [6][9]. - Redemption payment date is November 21, 2025 [15]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.4931 CNY per bond after tax [18]. - Non-resident enterprises may be exempt from certain taxes on bond interest income until December 31, 2025 [19].