正川股份（603976）发布“正川转债”提前赎回暨摘牌公告，投资者需紧急关注
2026年7月27日，重庆正川医药包装材料股份有限公司（简称“正川股份”）发布了关于公司2021年公开发行可转换公司债券（正川转债，债券代码：113624）提前赎回暨摘牌的第六次提示性公告。该公告包含了多项关键信息，对持有人及潜在投资者具有重大影响，需引起高度重视。
一、公告要点梳理
- 赎回登记日：2026年7月30日
- 赎回价格：100.7726元/张（含当期应计利息）
- 赎回款发放日：2026年7月31日
- 最后交易日：2026年7月27日
- 最后转股日：2026年7月30日
- 摘牌日期：2026年7月31日（自该日起在上交所摘牌）
二、赎回触发原因与具体条款
正川股份A股自2026年6月12日至7月9日期间，有15个交易日的收盘价不低于正川转债当期转股价格的130%。根据《募集说明书》相关赎回条款，公司董事会决定行使提前赎回权，对赎回登记日在册的所有正川转债进行强制赎回。
赎回条款细节：
- 若公司股票在连续30个交易日中有至少15个交易日的收盘价达到或超过转股价的130%，公司有权按照“票面金额+当期应计利息”赎回全部或部分未转股可转债。
- 若可转债未转股部分票面金额不足3000万元，也可强制全部赎回。
- 赎回价格计算方式：面值100元/张+当期应计利息0.7726元/张（2026年4月28日至7月31日计息94天，年利率3.00%）。
三、操作流程及重要时间节点
- 赎回登记日：2026年7月30日收市后在中国证券登记结算上海分公司登记在册的全部持有人。
- 赎回款发放：2026年7月31日，公司委托中登上海分公司通过资金清算系统向指定交易的持有人发放赎回款，未办理指定交易的暂缓发放。
- 交易与转股截止：2026年7月27日为最后交易日，7月30日为最后转股日。
- 赎回登记日后：所有未转股的正川转债将被冻结，停止交易和转股，并强制赎回。
- 摘牌：2026年7月31日起，正川转债在上海证券交易所摘牌。
四、利息税务处理说明
- 个人投资者（含证券投资基金）需缴纳20%利息收入所得税，每张税后赎回金额为100.6181元。
- 居民企业自行缴纳所得税，税前派发，每张100.7726元。
- 合格境外机构投资者（QFII、RQFII）免征企业所得税和增值税，税前派发。
五、投资者风险提示
- 最后交易日至最后转股日仅剩1-4个交易日，未及时卖出或转股的投资者将被强制赎回。
- 如持有可转债被质押或冻结，建议在停止交易日前解除，否则无法转股，将被强制赎回。
- 赎回价格与二级市场价格差异显著（2026年7月24日收盘价为126.896元/张，而赎回价为100.7726元/张），未及时转股或卖出的投资者可能遭受重大损失。
六、对股价与投资者影响（高关注）
本次公告涉及提前赎回及摘牌，对正川转债持有人而言，若未在规定期限内转股或卖出，将因强制赎回而面临市场价格与赎回价格间的巨大差额损失。这一操作或将导致部分投资者集中转股，短期内对正川股份的流通股本结构产生影响，也可能引发短线波动。对于正川股份本身，随着可转债转股数量增加，公司资本结构可能更加稳健，但也需关注转股后对每股收益的稀释效应。
七、联系方式
- 公司证券部联系电话：023-68349898
特别提醒
持有人务必在剩余交易日内尽快选择转股或卖出，避免因强制赎回造成损失。提前赎回及摘牌事宜为重大事项，建议投资者密切关注公司公告及相关市场动态，及时作出投资决策。
免责声明：本报道仅供信息参考，不构成任何投资建议。投资者据此操作，风险自担。
English Version
Zhengchuan Shares (603976) Announces Early Redemption and Delisting of “Zhengchuan Convertible Bond”: Investors Must Act Immediately
On July 27, 2026, Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd. (stock code: 603976, bond code: 113624) released its sixth notice regarding the early redemption and delisting of its 2021 public convertible corporate bond (Zhengchuan Convertible Bond). This announcement contains multiple key points with significant impact on bondholders and potential investors.
1. Major Points Summarized
- Redemption Record Date: July 30, 2026
- Redemption Price: 100.7726 yuan per bond (includes accrued interest)
- Redemption Payment Date: July 31, 2026
- Last Trading Day: July 27, 2026
- Last Conversion Day: July 30, 2026
- Delisting Date: July 31, 2026 (delisted from SSE from this day)
2. Redemption Trigger and Terms
Zhengchuan’s A-share price met the redemption trigger: during June 12 to July 9, 2026, there were 15 trading days with closing prices above 130% of the convertible bond’s current conversion price. The board has resolved to exercise the early redemption right and forcibly redeem all Zhengchuan convertible bonds registered as of the record date.
Key Redemption Clauses:
- If, within any 30 consecutive trading days, at least 15 days’ closing price reaches or exceeds 130% of the conversion price, the company may redeem all or part of the bonds at “face value + accrued interest”.
- If the unconverted portion is less than RMB 30 million, full redemption is also allowed.
- Redemption price formula: face value 100 yuan per bond + accrued interest 0.7726 yuan per bond (interest period: April 28 to July 31, 2026, 94 days at 3.00% annual rate).
3. Process and Timeline
- Record Date: After market close on July 30, 2026, all registered bondholders with China Securities Depository and Clearing Shanghai Branch.
- Redemption Payment: July 31, 2026; payment via the clearing system to those with designated trades, otherwise payment is withheld until designation.
- Trading and Conversion Deadline: Last trading day is July 27, 2026; last conversion day is July 30, 2026.
- After Record Date: All unconverted bonds will be frozen and forcibly redeemed; trading and conversion end.
- Delisting: From July 31, 2026, Zhengchuan Convertible Bonds will be delisted from SSE.
4. Interest Taxation Details
- Individual investors (including funds) pay 20% income tax on interest; net redemption per bond is 100.6181 yuan.
- Resident enterprises pay their own taxes; gross redemption per bond is 100.7726 yuan.
- Qualified foreign institutional investors (QFII, RQFII) are exempt from enterprise income and VAT; gross payment per bond.
5. Investor Risk Alert
- Only 1-4 trading days remain until last trading/conversion; failure to act will result in forced redemption.
- If bonds are pledged or frozen, investors should release them before trading ends to avoid forced redemption risk.
- Significant gap between redemption price (100.7726 yuan) and secondary market price (126.896 yuan as of July 24, 2026); late action may cause major losses.
6. Impact on Share Price and Investors (High Sensitivity)
This announcement on early redemption and delisting is a major event for bondholders. Investors who do not convert or sell in time face significant losses due to the large gap between market and redemption prices. The event may also lead to concentrated conversion, affecting Zhengchuan’s share capital structure in the short term and possibly triggering share price volatility. For the company, increased conversions may strengthen its capital structure, but may also dilute EPS.
7. Contact Information
- Securities Department: 023-68349898
Special Reminder
Bondholders must promptly choose to convert or sell within the remaining trading days to avoid losses from forced redemption. Early redemption and delisting are major events; investors should closely monitor company announcements and market developments, and make timely decisions.
Disclaimer: This report is for informational purposes only and does not constitute investment advice. Investors act at their own risk.
