荣晟环保“荣23转债”将被提前赎回暨摘牌，投资者须关注转股与交易截止时限

浙江荣晟环保纸业股份有限公司（证券简称：荣晟环保，证券代码：603165）发布了关于其可转换公司债券“荣23转债”提前赎回及摘牌的提示性公告，内容涉及具体赎回安排、相关时间节点、税务处理和投资风险提示。以下为本次公告的详细解读，帮助投资者全面把握事件发展及其对投资决策的影响。

一、公告主要内容与关键时间节点

• 赎回登记日：2026年3月24日
• 赎回价格：100.48元/张（含票面利息0.48元/张）
• 赎回款发放日：2026年3月25日
• 最后交易日：2026年3月19日
• 最后转股日：2026年3月24日
• 摘牌日：2026年3月25日，“荣23转债”将在上海证券交易所摘牌

公司股票自2026年1月19日至2026年2月6日，连续15个交易日内有15个交易日收盘价格不低于“荣23转债”当期转股价格的130%。已触发可转债的有条件赎回条款。公司董事会已决定行使提前赎回权，依据募集说明书相关条款，对赎回登记日在册的全部“荣23转债”按面值加当期应计利息赎回。

二、投资者须知及潜在影响

• 投资风险提示：
  • 二级市场价格与赎回价格差异大。2026年3月13日收盘价为143.517元/张，而赎回价格仅100.48元/张。若投资者未及时转股或卖出，或将面临重大投资损失。
  • 持有转债被质押或冻结者，建议在停止交易日前解除，以免无法转股而被强制赎回。
  • 赎回登记日收市后，未转股的“荣23转债”将被冻结并强制赎回。
• 税务处理：
  • 个人持有者赎回利息需缴纳20%个人所得税，税后实际赎回金额为100.384元/张。
  • 居民企业自行缴纳企业所得税，实际赎回金额为100.48元/张（含税）。
  • 境外机构投资者（如QFII、RQFII）暂免企业所得税与增值税，实际赎回金额为100.48元/张。
• 操作建议：
  • 投资者应在最后交易日（3月19日）前完成转股或卖出操作，以避免强制赎回的潜在损失。
  • 最后转股日为3月24日，之后将无法再转股。

三、市场影响与价格敏感信息

本次赎回公告为价格敏感信息，因涉及转债强制赎回、二级市场价格与赎回价巨大差异，若大量投资者未及时操作，可能导致投资损失，进而对荣晟环保公司股价及转债二级市场交易产生影响。此外，转债摘牌也将影响市场中相关投资品种的流动性及供需格局，投资者需高度关注。

四、联系方式

公司证券部电话：0573-89178080

免责声明：

本报道仅供投资者参考，不构成任何投资建议。投资有风险，入市需谨慎。请投资者在操作前充分了解相关规定并权衡风险。

English Version

Rongsheng Environmental Protection “Rong 23 Convertible Bonds” to be Redeemed Early and Delisted—Comprehensive Investor Analysis

Zhejiang Rongsheng Environmental Protection Paper Co., Ltd. (Stock Code: 603165, Stock Abbreviation: Rongsheng Environmental Protection) has issued a notice regarding the early redemption and delisting of its convertible bond “Rong 23 Convertible Bonds.” The announcement covers redemption arrangements, key deadlines, tax treatment, and risk warnings. The following is a detailed interpretation for investors to fully understand the event and its impact on investment decisions.

1. Main Content and Key Dates

• Redemption Registration Date: March 24, 2026
• Redemption Price: RMB 100.48 per bond (including RMB 0.48 interest per bond)
• Redemption Payment Date: March 25, 2026
• Last Trading Day: March 19, 2026
• Last Conversion Day: March 24, 2026
• Delisting Date: March 25, 2026; the bond will be delisted from the Shanghai Stock Exchange

The company’s stock closed at or above 130% of the then-current conversion price for 15 consecutive trading days from January 19, 2026 to February 6, 2026, triggering the conditional redemption clause of the convertible bond. The board has decided to exercise the early redemption right and will redeem all registered “Rong 23 Convertible Bonds” at face value plus accrued interest as of the redemption registration date in accordance with the prospectus.

2. Key Takeaways and Potential Impact

• Investment Risk Warnings:
  • There is a large difference between the secondary market price and redemption price. As of March 13, 2026, the closing price is RMB 143.517 per bond, while the redemption price is only RMB 100.48 per bond. Investors who do not convert or sell in time may suffer significant losses.
  • For bonds that are pledged or frozen, investors are advised to release such status before the trading halt to avoid forced redemption due to inability to convert.
  • After the redemption registration date, unconverted bonds will be frozen and forcibly redeemed.
• Tax Treatment:
  • Individual investors must pay a 20% income tax on interest; after tax, the redemption amount is RMB 100.384 per bond.
  • Corporate residents pay their own taxes; redemption amount is RMB 100.48 per bond (tax included).
  • Qualified foreign institutional investors are temporarily exempt from enterprise income tax and VAT; redemption amount is RMB 100.48 per bond.
• Operational Suggestions:
  • Investors should complete conversion or sell before the last trading day (March 19) to avoid forced redemption losses.
  • The last conversion day is March 24; conversion will not be possible afterwards.

3. Market Impact and Price Sensitive Information

This redemption announcement is considered price sensitive, as it involves forced redemption and a significant difference between the secondary market price and the redemption price. If a large number of investors fail to act in time, it may lead to substantial investment losses, which could affect both the company’s stock price and the convertible bond’s secondary market trading. Furthermore, the delisting of the bond will affect liquidity and supply-demand dynamics of related products. Investors should pay close attention.

4. Contact Information

Company Securities Department Phone: 0573-89178080

Disclaimer:

This report is for investor reference only and does not constitute investment advice. Investment is risky; exercise caution.

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