USC(SH:688403) Zheng Quan Zhi Xing·2025-07-30 16:25Core Points - The company announced the interest payment schedule for its convertible bonds, "汇成转债," which will begin on August 7, 2025 [1][4] - The total amount of convertible bonds issued is 114,870,000 RMB, with a face value of 100 RMB per bond, and a maturity period of six years [2][3] - The coupon rates for the bonds increase progressively from 0.20% in the first year to 2.00% in the sixth year [1][2] Summary of Key Sections Convertible Bond Basic Information - The company received approval from the China Securities Regulatory Commission to issue 11,487,000 convertible bonds, totaling 114,870,000 RMB [2] - The bonds are set to mature on August 6, 2030, with an initial conversion price of 7.70 RMB per share, adjusted to 7.61 RMB per share effective May 16, 2025 [2][3] Interest Payment Plan - The interest payment will occur annually, with the first payment amounting to 0.20 RMB per bond (before tax) [3][5] - The interest calculation is based on the formula: I = B × i, where I is the annual interest, B is the total face value held, and i is the applicable coupon rate [3] Important Dates - The bondholders' registration date for interest payment is August 6, 2025, with the interest payment and ex-dividend date both on August 7, 2025 [4][5] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net payment of 0.16 RMB per bond after tax [6] - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [6]