XINHUA CHEMICAL(SH:603867) Shang Hai Zheng Quan Bao·2025-12-17 19:11Core Viewpoint - Zhejiang Xinhua Chemical Co., Ltd. announces the early redemption and delisting of its convertible bonds "Xinhua Convertible Bonds" due to the fulfillment of conditional redemption terms, urging bondholders to take action before the deadlines [1][4][20]. Redemption Details - The last trading day for "Xinhua Convertible Bonds" is December 22, 2025, with only three trading days remaining as of December 17, 2025 [1][16]. - The last conversion date is December 25, 2025, with six trading days left for bondholders to convert their bonds [2][16]. - The redemption price is set at 100.1151 CNY per bond, which includes accrued interest of 0.1151 CNY per bond [3][10][12]. - The redemption registration date is December 25, 2025, and the redemption payment date is December 26, 2025 [5][15]. Conditional Redemption Terms - The conditional redemption was triggered as the stock price closed above 130% of the conversion price (25.753 CNY) for at least 15 trading days within a 30-day period [4][8]. - The company has the right to redeem all or part of the unconverted bonds if the balance is less than 30 million CNY [6][8]. Investor Actions - Bondholders are advised to either convert their bonds at the conversion price of 19.81 CNY per share or sell them in the secondary market before the deadlines to avoid forced redemption [3][21]. - After the redemption registration date, unconverted bonds will be frozen and cease trading, leading to forced redemption at the specified price [20]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.0921 CNY per bond after tax [18]. - Qualified foreign institutional investors will receive the gross redemption amount of 100.1151 CNY per bond without tax deductions [19].