CFT(SH:603685) Shang Hai Zheng Quan Bao·2025-08-17 18:57Summary of Key Points Core Viewpoint - Zhejiang Chenfeng Technology Co., Ltd. announces the interest payment details for its convertible bonds, indicating a structured payment schedule and adjustments to the conversion price based on equity distribution plans [1][2][4]. Group 1: Convertible Bond Issuance and Terms - The company issued 4.15 million convertible bonds on August 23, 2021, with a total fundraising amount of 415 million yuan, maturing in six years [1][2]. - The coupon rates for the bonds are structured to increase over the years, starting from 0.5% in the first year to 3.0% in the sixth year [1][2]. Group 2: Interest Payment Details - The interest payment period for the fourth year is from August 23, 2024, to August 22, 2025, with a nominal interest rate of 2.00%, resulting in a payment of 2.00 yuan per bond [4][5]. - The bondholders must be registered by the close of trading on August 22, 2025, to receive the interest payment on August 25, 2025 [5][6]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 13.06 yuan per share, which has been adjusted multiple times due to annual equity distributions, with the current conversion price at 12.77 yuan per share [2][3]. - Future adjustments to the conversion price are scheduled based on the company's equity distribution plans for 2024 [3]. Group 4: Tax Implications for Investors - Individual investors are subject to a 20% tax on interest income, resulting in a net payment of 1.60 yuan per bond after tax [7][8]. - Non-resident enterprises are exempt from corporate income tax on the bond interest income until December 31, 2025 [8]. Group 5: Contact Information - The company’s office is located in Haining, Zhejiang Province, and the contact department for inquiries is the securities department [9][10].