FREEWON(SH:688678) Shang Hai Zheng Quan Bao·2026-01-27 19:56Core Viewpoint - The company announces the early redemption of its convertible bonds ("福立转债") and provides important dates and conditions for bondholders to take action before the bonds are delisted from the Shanghai Stock Exchange [1][4][16]. Redemption Details - The last trading day for "福立转债" is February 5, 2026, and the last conversion day is February 10, 2026 [2][3][15]. - The redemption price is set at 100.3967 CNY per bond, which includes accrued interest [10][14]. - The redemption will be executed on February 11, 2026, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [4][16]. Conditions for Early Redemption - The early redemption is triggered as the company's stock price has been above 130% of the conversion price (19.37 CNY) for at least 15 trading days within a 30-day period [5][9]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million CNY [7]. Accrued Interest Calculation - The accrued interest for each bond is calculated using the formula: IA = B × i × t / 365, where B is the total face value, i is the annual coupon rate (0.80%), and t is the number of days from the last interest payment to the redemption date [11][12]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.3174 CNY per bond after tax [17]. - For qualified foreign institutional investors, the full redemption amount of 100.3967 CNY per bond will be distributed without tax deductions [18].