M&S ELECTRONICS(SH:688311) Shang Hai Zheng Quan Bao·2025-09-04 18:49Summary of Key Points Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. announced the interest payment details for its convertible bonds, "Mingsheng Convertible Bonds," which will be paid on September 12, 2025, for the period from September 12, 2024, to September 11, 2025 [2][9]. Convertible Bond Issuance and Terms - The company issued 3 million convertible bonds at a total value of 300 million yuan, with a maturity of six years from September 12, 2023, to September 11, 2029, and a tiered interest rate structure [2][3]. - The interest rates are set at 0.20% for the first year, 0.40% for the second year, 0.60% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.50% for the sixth year [2]. Trading and Conversion Details - The convertible bonds began trading on the Shanghai Stock Exchange on October 17, 2023, under the name "Mingsheng Convertible Bonds" and code "118045" [3]. - The conversion period for the bonds starts from March 18, 2024, until the maturity date [3]. Adjustments to Conversion Price - The conversion price was adjusted from 42.72 yuan per share to 35.00 yuan per share due to a downward price revision approved in a shareholder meeting on April 18, 2024 [3]. - Further adjustments were made, with the conversion price changing to 21.10 yuan per share on October 9, 2024, and then to 20.94 yuan per share on March 11, 2025, following share buybacks [4][6][8]. Interest Payment Details - The interest payment for the second year will be 0.40 yuan per bond (before tax), resulting in a net payment of 0.32 yuan after tax deductions for individual investors [14][16]. - The interest payment will be made to all registered bondholders as of September 11, 2025, with the payment process managed by the China Securities Depository and Clearing Corporation [15][16]. Contact Information - The company provides contact details for inquiries related to the bonds, including the address and phone number for the securities department and the underwriter [17][18].