新凤鸣集团股份有限公司关于实施“凤21转债”赎回暨摘牌的第二次提示性公告

Core Viewpoint - The company announces the redemption and delisting of the "Feng 21 Convertible Bond" (凤21转债), with the last trading day set for March 5, 2026, and the last conversion day on March 10, 2026 [2][3][11]. Redemption Details - The redemption price for the "Feng 21 Convertible Bond" is set at 101.6619 CNY per bond, which includes the face value of 100 CNY and accrued interest of 1.6619 CNY [4][9]. - The redemption will be executed on March 11, 2026, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [4][11]. - Investors must either convert their bonds at the conversion price of 15.78 CNY per share or sell them in the secondary market before the last trading day to avoid forced redemption [4][15]. Conditional Redemption Trigger - The company triggered the conditional redemption clause as the stock price was above 130% of the conversion price for 15 out of 24 trading days from January 6 to February 6, 2026 [5][8]. - The redemption registration date is set for March 10, 2026, after which all unconverted bonds will be frozen [6][8]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 101.3295 CNY per bond after tax [12]. - Resident enterprises are responsible for their own tax on bond interest income, while non-resident enterprises will receive the gross redemption amount without tax deductions [13][14].