浙江台华新材料集团股份有限公司关于可转换公司债券付息公告

Core Viewpoint - Zhejiang Taihua New Materials Group Co., Ltd. announces the interest payment details for its convertible bonds, which will begin on December 29, 2025, for the period from December 29, 2024, to December 28, 2025 [2][14]. Group 1: Bond Details - The convertible bonds, named "Tai21 Convertible Bonds," were issued on December 29, 2021, with a total issuance amount of RMB 600 million, equivalent to 6 million bonds at a face value of RMB 100 each [5][9]. - The bond has a term of six years, from December 29, 2021, to December 28, 2027 [3]. - The interest rates for the bonds are structured as follows: 0.3% for the first year, 0.5% for the second year, 1.0% for the third year, 1.5% for the fourth year, 1.8% for the fifth year, and 2.0% for the sixth year [3][10]. Group 2: Interest Payment Information - The interest payment for the fourth year will be at a rate of 1.5%, resulting in a payment of RMB 1.5 per bond (before tax) [14][20]. - The bondholders must be registered by December 26, 2025, to receive the interest payment on December 29, 2025 [5][15][17]. - The interest payment will be made through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, which will distribute the funds to the respective bondholders [19]. Group 3: Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net payment of RMB 1.2 per bond after tax [20]. - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds until December 31, 2025, allowing them to receive the full RMB 1.5 per bond [21]. Group 4: Conversion and Rating - The initial conversion price for the bonds was set at RMB 16.87 per share, which has been adjusted to RMB 16.19 per share following several profit distribution plans [9]. - The bonds have a credit rating of AA, with a stable outlook, as assessed by a credit rating agency [10][11].