XINHUA CHEMICAL(SH:603867) Shang Hai Zheng Quan Bao·2025-12-24 19:20Core Viewpoint - The company announces the redemption and delisting of the "Xinhua Convertible Bond" effective December 26, 2025, following the fulfillment of conditional redemption criteria [4][5]. Redemption Details - The last trading day for the "Xinhua Convertible Bond" is December 22, 2025, and it will stop trading from December 23, 2025 [2][6]. - The final conversion date is December 25, 2025, with only one trading day remaining before this date [3][6]. - The redemption price is set at 100.1151 yuan per bond, which includes accrued interest of 0.1151 yuan per bond [4][9]. - The redemption registration date is December 25, 2025, and the redemption payment date is December 26, 2025 [6][11]. Conditional Redemption Criteria - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price (25.753 yuan) for at least 15 trading days [5][7]. - The redemption can occur if either the stock price condition is met or if the remaining unconverted bonds are less than 30 million yuan [7]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of 100.0921 yuan per bond after tax [12]. - For qualified foreign institutional investors, the redemption amount remains at 100.1151 yuan per bond, as they are exempt from certain taxes [13].