上海沪工焊接集团股份有限公司关于实施“沪工转债”赎回暨摘牌的第四次提示性公告

Core Viewpoint - Shanghai Huguang Welding Group Co., Ltd. is implementing the early redemption of its convertible bonds ("Huguang Convertible Bonds") and will delist them from the Shanghai Stock Exchange after the redemption process is completed [1][4]. Redemption Details - The last trading day for the "Huguang Convertible Bonds" is January 16, 2026, with only 2 trading days remaining as of January 14, 2026 [2][7]. - The last conversion date for the bonds is January 21, 2026, with 5 trading days left as of January 14, 2026 [3][7]. - The redemption price is set at 101.4268 CNY per bond, which includes the face value and accrued interest [4][11]. - The redemption will take effect on January 22, 2026, after which the bonds will be delisted [4][14]. Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price met the requirement of being at least 130% of the conversion price (21.09 CNY), which is 27.417 CNY, for 15 out of 30 consecutive trading days from November 12 to December 9, 2025 [5][9]. - The company’s board approved the early redemption on December 9, 2025 [5][9]. Redemption Process - The redemption registration date is January 21, 2026, and all holders registered by this date will be eligible for redemption [10][14]. - The accrued interest is calculated based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [8][12]. 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 approximately 101.14144 CNY per bond after tax [16]. - Corporate investors are responsible for their own tax payments on interest income [16]. Important Reminders - Investors are advised to convert or sell their bonds within the specified time frame to avoid forced redemption at the lower price [18]. - The current market price of the bonds as of January 14, 2026, is significantly higher at 144.818 CNY, indicating potential losses if investors do not act promptly [17].