Xingfa Chem(SH:600141) Xin Lang Cai Jing·2026-02-09 19:16Core Viewpoint - The company announces the early redemption of its convertible bonds ("兴发转债") and provides important dates and conditions for bondholders [1][4][8]. Group 1: Redemption Details - The last trading day for "兴发转债" is February 26, 2026, and the last conversion day is March 3, 2026 [2][3]. - The redemption price is set at 100.6699 CNY per bond, which includes the face value and accrued interest [4][9]. - The redemption will take place on March 4, 2026, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [4][13]. Group 2: Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price for 15 out of 16 trading days from January 6 to January 27, 2026 [5][8]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million CNY or if the stock price conditions are met [7][8]. Group 3: Investor Actions - Bondholders are advised to convert or sell their bonds within the specified time frame to avoid forced redemption [5][12]. - The accrued interest for the redemption is calculated based on a 1.50% annual interest rate for 163 days, resulting in an interest of 0.6699 CNY per bond [9][11]. Group 4: Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.5359 CNY per bond after tax [14]. - Resident enterprises must self-pay the bond interest income tax, while qualified foreign institutional investors are exempt from such taxes until the end of 2027 [15][16].