浙江镇洋发展股份有限公司关于“镇洋转债”2025年付息的公告

Core Viewpoint - Zhejiang Zhanyang Development Co., Ltd. announces the interest payment details for its convertible bonds, "Zhanyang Convertible Bonds," which will begin on December 29, 2025, for the interest period from December 29, 2024, to December 28, 2025 [2][14]. Group 1: Bond Issuance Overview - The bond issuance period is set for six years, from December 29, 2023, to December 28, 2029 [2][4]. - The coupon rates for the bonds are structured as follows: 0.20% for the first year, 0.40% for the second year, 0.80% for the third year, 1.50% for the fourth year, 2.00% for the fifth year, and 2.50% for the sixth year [2][4]. Group 2: Interest Payment Details - The interest payment date is scheduled for December 29, 2025, with the record date for bondholders being December 26, 2025 [2][15]. - The interest for the second year is set at 0.40% (including tax), amounting to 0.40 RMB per bond with a face value of 100 RMB [14][17]. Group 3: Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net payment of 0.32 RMB per bond after tax [17]. - Non-resident enterprises holding the bonds are exempt from corporate income tax on the interest income until December 31, 2025, meaning they will also receive 0.40 RMB per bond (including tax) [20]. Group 4: Bond Characteristics - The initial conversion price for the bonds is set at 11.74 RMB per share, with the latest adjusted price being 11.20 RMB per share [7][8]. - The bonds are rated AA- by the credit rating agency Zhongzheng Pengyuan, with a stable outlook [10].