WEIMING(SH:603568) Shang Hai Zheng Quan Bao·2025-12-04 19:50Core Viewpoint - Zhejiang Weiming Environmental Protection Co., Ltd. has announced the early redemption of its "Wei 24 Convertible Bonds" due to the stock price meeting the conditions for conditional redemption, with the last trading day set for December 12, 2025, and the bonds to be delisted on December 18, 2025 [2][4][14]. Redemption Details - The last trading day for "Wei 24 Convertible Bonds" is December 12, 2025, with only 6 trading days remaining as of December 4, 2025 [2][13]. - The last conversion date for the bonds is December 17, 2025, with 9 trading days left as of December 4, 2025 [3][13]. - The redemption price is set at 100.2904 CNY per bond, which includes the face value and accrued interest [4][9]. - The redemption registration date is December 17, 2025, and the redemption payment date is December 18, 2025 [6][12]. Conditions for Redemption - The conditional redemption was triggered as the company's stock price was above 130% of the conversion price (22.82 CNY) for 15 out of 16 trading days from November 5 to November 26, 2025 [5][8]. - The company has the right to redeem all or part of the unconverted bonds if certain conditions are met, including the stock price criteria and if the remaining unconverted bonds are less than 30 million CNY [7][8]. Investor Guidance - The company advises bondholders to convert or sell their bonds within the specified timeframe to avoid forced redemption at the set price [5][17]. - After the redemption registration date, unconverted bonds will be frozen and cease trading, leading to forced redemption at 100.2904 CNY per bond [10][17]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of 100.23232 CNY per bond after tax [15]. - For qualified foreign institutional investors, the redemption amount remains at 100.2904 CNY per bond as they are exempt from certain taxes until December 31, 2025 [16].