XJJW(SH:600888) Zheng Quan Zhi Xing·2025-07-10 16:21Core Points - The company announced the interest payment schedule for its convertible bonds, "Zhonghe Convertible Bonds," which will begin on July 18, 2025 [1][2] - The total amount of the convertible bonds issued is 1,375 million yuan, with a maturity period of six years from July 18, 2023, to July 17, 2029 [1][2] - The coupon rates for the bonds increase progressively from 0.2% in the first year to 2.0% in the sixth year [1][2] Summary by Sections Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission to issue convertible bonds totaling 1,375 million yuan [1] - The bonds have a six-year term, with the first coupon rate set at 0.2% for the first year [1][2] Interest Payment Plan - The interest payment for the second year will be calculated at a rate of 0.4%, resulting in a payment of 0.40 yuan per bond (before tax) [4][5] - The interest payment will be made annually, with the payment date set for July 18 each year [3][4] Key Dates for Interest Payment - The bondholders' registration date for interest payment is July 17, 2025 [4] - The ex-dividend date and interest payment date are both set for July 18, 2025 [4] Payment Method - The company has appointed China Securities Depository and Clearing Corporation Limited Shanghai Branch to handle the interest payment process [5][6] - Investors will receive their interest payments through designated institutions, with tax obligations managed by the payment institutions [5][6] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net payment of 0.32 yuan per bond after tax [5][6] - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [6]