Hongfa(SH:600885) Shang Hai Zheng Quan Bao·2025-12-09 20:15Core Viewpoint - The company announces the redemption and delisting of its convertible bonds, "Hongfa Convertible Bonds," effective December 12, 2025, following the completion of the early redemption process [1][4][13]. Group 1: Redemption Details - The last trading day for "Hongfa Convertible Bonds" is December 8, 2025, and trading will cease on December 9, 2025 [6][12]. - The final conversion date for the bonds is December 11, 2025, which is the last opportunity for bondholders to convert their bonds into shares at a conversion price of 22.72 CNY per share [3][12]. - The redemption price is set at 100.2219 CNY per bond, which includes the face value and accrued interest of 0.2219 CNY [9][11]. Group 2: Conditions for Redemption - The conditional redemption clause has been triggered as the company's stock price has been above 130% of the conversion price (29.536 CNY) for at least 15 trading days from October 31, 2025, to November 20, 2025 [5][8]. - The redemption will apply to all bondholders registered by the redemption registration date of December 11, 2025 [8][10]. Group 3: Tax Implications - Individual investors are subject to a 20% personal income tax on the interest income from the bonds, resulting in a net redemption amount of 100.1775 CNY per bond after tax [14][15]. - The company will handle the tax withholding and payment responsibilities for individual investors [14].