Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-11-19 18:09Core Viewpoint - The announcement details the redemption and delisting of the "Qibin Convertible Bonds" (旗滨转债), with important dates and conditions for bondholders to be aware of [2][4][18]. Summary by Sections Redemption Details - The last trading day for "Qibin Convertible Bonds" is November 27, 2025, after which the bonds will be suspended from trading on November 28, 2025 [2][16]. - The last conversion date is December 2, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on December 3, 2025 [3][17]. Redemption Conditions - The company has triggered the conditional redemption clause as the stock price met the criteria of being at least 130% of the conversion price for 15 out of 30 consecutive trading days [5][8]. - The redemption price is set at 101.1737 CNY per bond, which includes the face value and accrued interest [10]. Important Dates - Redemption registration date is December 2, 2025, and the redemption payment date is December 3, 2025 [6][15]. - Investors are reminded to convert or sell their bonds within the specified time frame to avoid forced redemption [4][18]. 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 100.9390 CNY per bond after tax [11]. Communication and Procedures - The company will issue further announcements regarding the redemption process and results after completion [14][13].