荣晟环保纸业“荣23转债”提前赎回及摘牌——投资者全面指引

一、公告要点概览

• 赎回登记日：2026年3月24日
• 赎回价格：100.48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，转债将自上海证券交易所摘牌
• 特别提醒：距离最后交易日仅剩4个交易日，距离最后转股日仅剩7个交易日，投资者须尽快决策

二、提前赎回触发条件及背景

2026年1月19日至2月6日期间，荣晟环保（603165）股票连续15个交易日收盘价均不低于“荣23转债”当期转股价格的130%，根据募集说明书触发了有条件赎回条款。公司董事会于2026年2月6日决定行使提前赎回权，对所有在赎回登记日登记在册的“荣23转债”按面值加当期应计利息赎回。

三、赎回条款及价格计算细则

• 赎回价格包括可转债面值100元/张及当期应计利息0.48元/张，合计100.48元/张。
• 应计利息的详细计算：票面利率0.8%，计息天数为219天（2025年8月18日至2026年3月25日），即100×0.8%×219÷365=0.48元/张。
• 赎回对象为2026年3月24日收市后登记在册的全部持有人。

四、操作提示及关键时间安排

• 2026年3月19日是“荣23转债”最后交易日，之后将无法交易。
• 2026年3月24日是最后转股日，之后将无法转股。
• 赎回登记日后，未转股的“荣23转债”将全部被冻结并被强制赎回。
• 赎回款项将于2026年3月25日通过中登上海分公司清算系统发放。
• 未办理指定交易的投资者，其赎回款将由中登上海分公司暂时代管，办理指定交易后才可领取。

五、税务事项说明

• 个人投资者：赎回利息收入需缴纳20%个人所得税，税后赎回金额为100.384元/张。
• 居民企业：实际发放金额为100.48元/张（含税），企业自行缴纳债券利息所得税。
• 合格境外机构投资者：2026年1月1日至2027年12月31日期间，债券利息收入免征企业所得税和增值税。

六、投资者须知的重大风险与影响

• 价格风险：截至2026年3月13日，“荣23转债”二级市场价格为143.517元/张，远高于赎回价格100.48元/张。未及时转股或卖出将面临较大投资损失。
• 质押/冻结风险：若持有的转债处于质押或冻结状态，须在停止交易日前解除，否则将无法转股，将被强制赎回，可能造成经济损失。
• 投资决策：建议投资者理性决策，充分了解相关规定，在最后交易日或转股日前完成交易或转股操作。

七、对公司及股价的潜在影响

• 本次公告涉及“荣23转债”大规模提前赎回和摘牌，提醒市场注意转债价格快速向赎回价靠拢的风险。
• 公司主动赎回可转债，说明其股价表现坚挺，并显示出对公司未来成长性的信心，可能对正股形成正面支撑。
• 尚持有可转债的投资者若未及时转股或卖出，将面临较大损失，可能引发市场资金结构调整，带来阶段性波动。

八、公司联系方式

如有疑问请联系荣晟环保纸业证券部，电话：0573-89178080。

九、特别提醒

请所有“荣23转债”持有人注意最后交易及转股时间，及时操作，避免不必要的投资损失。

免责声明： 本文仅为信息披露整理与分析，不构成任何投资建议。投资者操作前请详细查阅公司公告及相关法律法规文件，并结合自身实际情况谨慎决策。市场有风险，投资需谨慎。

English Version

Rongsheng Environmental Paper “Rong 23 Convertible Bond” Early Redemption & Delisting—Comprehensive Investor Guide

1. Key Announcement Highlights

• Redemption Record Date: March 24, 2026
• Redemption Price: 100.48 yuan/bond
• Redemption Payment Date: March 25, 2026
• Last Trading Day: March 19, 2026
• Last Conversion Day: March 24, 2026
• Delisting Date: March 25, 2026, bond will be delisted from the Shanghai Stock Exchange
• Special Reminder: Only 4 trading days left until last trading day, and 7 days until last conversion day. Investors must act promptly.

2. Trigger Condition and Background of Early Redemption

From January 19 to February 6, 2026, Rongsheng Environmental (603165) stock closed at or above 130% of the current conversion price for 15 consecutive trading days, triggering the conditional redemption clause as per the prospectus. On February 6, 2026, the board decided to exercise the right of early redemption, redeeming all registered “Rong 23 Convertible Bonds” at par plus accrued interest on the record date.

3. Redemption Clause & Price Calculation Details

• Redemption price includes 100 yuan par value plus accrued interest of 0.48 yuan/bond, totaling 100.48 yuan/bond.
• Accrued interest calculation: Coupon rate 0.8%, 219 days from August 18, 2025, to March 25, 2026, i.e., 100×0.8%×219÷365=0.48 yuan/bond.
• All bondholders registered as of March 24, 2026, are eligible for redemption.

4. Operation Tips & Key Dates

• March 19, 2026, is the last trading day for “Rong 23 Convertible Bonds.” Trading will cease after this date.
• March 24, 2026, is the last day for conversion to stock. Conversion closes after this date.
• After the record date, unconverted bonds will be frozen and forcibly redeemed.
• Redemption funds will be distributed on March 25, 2026, via CSDC Shanghai’s clearing system.
• For holders without designated trading, funds will be held by CSDC until trading is designated.

5. Taxation Notes

• Individuals: 20% personal income tax on interest, net redemption amount is 100.384 yuan/bond.
• Resident Enterprises: Gross redemption amount is 100.48 yuan/bond; enterprises handle tax filing themselves.
• Qualified Foreign Institutional Investors: From Jan 1, 2026, to Dec 31, 2027, interest income is exempt from corporate income tax and VAT.

6. Major Risks & Impacts for Investors

• Price Risk: As of March 13, 2026, the bond’s market price was 143.517 yuan/bond, much higher than the redemption price. Failure to convert or sell in time could result in significant losses.
• Pledge/Freeze Risk: If held bonds are pledged or frozen, they must be released before trading stops, otherwise conversion is not possible and forced redemption at a loss will occur.
• Investment Decision: Investors are advised to make rational decisions based on full understanding of the rules and act before the last trading or conversion date.

7. Potential Impact on Company & Stock Price

• This announcement involves early large-scale redemption and delisting of the convertible bond, which may lead the bond price to quickly converge toward the redemption price and affect market trading sentiment.
• The company’s proactive redemption reflects strong stock price performance and management’s confidence in future growth, potentially supporting the equity value.
• Holders who do not act in time may incur losses, which could trigger adjustment in market capital allocation and cause short-term volatility.

8. Company Contact Information

For inquiries, contact Rongsheng Environmental Paper Securities Department at 0573-89178080.

9. Special Reminder

All “Rong 23 Convertible Bond” holders must pay attention to the last trading and conversion dates and take action promptly to avoid unnecessary losses.

Disclaimer: This article is for information disclosure and analysis purposes only and does not constitute investment advice. Investors should refer to official company announcements and relevant legal documents and make prudent decisions based on their own circumstances. The market carries risks; invest cautiously.

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