Core Points - The announcement details the early redemption and cessation of conversion for the non-publicly issued exchangeable bonds by the controlling shareholder, Nanshan Group [1][2] Group 1: Bond Details - The bond is named "Nanshan Group Co., Ltd. 2023 Non-Public Issuance of Exchangeable Corporate Bonds (First Phase) (Type 1)" with a code of 137175.SH [2][4] - The bond has a total issuance scale of 833.33 million yuan and a fixed interest rate of 1.50% for the third year [5][7] - The interest payment date is set for April 21 each year, with the first interest period from April 21, 2023, to April 20, 2026 [3][7] Group 2: Redemption Conditions - The bond will be redeemed on December 8, 2025, due to the triggering of redemption clauses, with the last conversion date being December 5, 2025 [2][11] - The redemption conditions include scenarios where the stock price of Nanshan Aluminum does not meet certain thresholds for a specified number of trading days or if the remaining bond balance falls below 50 million yuan [6][4] Group 3: Payment and Taxation - The principal and interest will be paid to the designated bank account of the China Securities Depository and Clearing Corporation on the redemption date [12] - Individual investors are required to pay a personal income tax of 20% on the bond interest income, which will be withheld by the payment institutions [15][13]