RONGSHEGN ENVIRONMENTAL(SH:603165) Zheng Quan Zhi Xing·2025-08-10 08:16Summary of Key Points Core Viewpoint The announcement details the interest payment schedule and terms for the convertible bonds issued by Zhejiang Rongsheng Environmental Paper Co., Ltd., highlighting the bond's issuance, interest rates, and payment procedures. Group 1: Bond Issuance Overview - The company issued 5.76 million convertible bonds on August 18, 2023, with a total value of 576 million yuan [2] - The bonds have a maturity period of 6 years, from August 18, 2023, to August 17, 2029 [2] - The coupon rates for the bonds are structured to increase over the years, starting from 0.20% in the first year to 2.00% in the sixth year [2] Group 2: Interest Payment Details - The interest payment for the second year will be calculated for the period from August 18, 2024, to August 17, 2025, at a rate of 0.40% [4] - The interest payment will be made annually, with the payment date set for August 18 each year [4][5] - The interest amount for each bond with a face value of 100 yuan will be 0.40 yuan (including tax) [6] Group 3: Conversion and Pricing Adjustments - The convertible bonds can be converted into shares starting from February 26, 2024, with an initial conversion price of 15.74 yuan per share [3] - The conversion price has been adjusted multiple times, with the latest price set at 11.11 yuan per share due to various corporate actions [3] Group 4: Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net interest payment of 0.32 yuan per bond after tax [6][7] - Non-resident enterprises are exempt from corporate income tax on bond interest income until December 31, 2025 [7] Group 5: Contact Information - The company’s contact details for inquiries regarding the bond are provided, including the address and phone number for the securities department [8]