BAIRUN CORPORATION(SZ:002568) Shang Hai Zheng Quan Bao·2025-09-22 20:39Core Points - The company Shanghai Bairun Investment Holding Group Co., Ltd. will pay the fourth-year interest on its convertible bonds on September 29, 2025, at a rate of 1.5% [2][10] - The interest payment will be RMB 15.00 per 10 bonds (face value of RMB 1,000), which is subject to a 20% withholding tax for individual investors [10][13] - The bond's credit rating remains stable at AA, as assessed by United Ratings [8][9] Summary by Sections Bond Payment Details - The bond code is 127046, and the total issuance is 1,128 million RMB (11.28 million bonds) [3][4] - The interest payment date is September 29, 2025, with a record date of September 26, 2025 [2][14] - The interest rates for the bond are structured to increase over the years, starting from 0.3% in the first year to 2.0% in the sixth year [4][10] Tax Implications - Individual bondholders will have a 20% tax withheld on interest payments, resulting in a net payment of RMB 12.00 per 10 bonds [10][13] - Qualified foreign institutional investors (QFII and RQFII) are exempt from corporate income tax and value-added tax on interest income [10][15] Bond Characteristics - The bonds were issued on September 29, 2021, and will mature on September 28, 2027 [3][4] - The bonds are listed on the Shenzhen Stock Exchange and do not have any guarantees [8]