Core Points - The company Zhejiang Chenfeng Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Chenfeng Convertible Bonds," which will be delisted from the Shanghai Stock Exchange after November 21, 2025 [4][17]. Redemption Details - The last trading day for "Chenfeng Convertible Bonds" is November 17, 2025, and the last conversion day is November 20, 2025 [2][3][16]. - The redemption price is set at 100.6164 CNY per bond, which includes accrued interest of 0.6164 CNY [4][10][13]. - The redemption will occur for all bonds registered as of the redemption registration date, November 20, 2025 [9][10]. Conditions for Redemption - 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 [5][9]. - The company has the right to redeem the bonds if the remaining unconverted bonds are less than 30 million CNY [7][9]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of 100.4931 CNY after tax [18]. - Non-resident enterprises may be exempt from certain taxes on bond interest income until December 31, 2025 [19]. Investor Advisory - Investors are advised to convert or sell their bonds before the deadline to avoid forced redemption, which could lead to significant investment losses [4][21].
浙江晨丰科技股份有限公司关于实施“晨丰转债”赎回暨摘牌的第十七次提示性公告