Core Viewpoint - The announcement details the interest payment for the "Hangxin Convertible Bonds" for the fifth year, highlighting the interest rates and payment procedures for bondholders [1][3][4]. Group 1: Bond Payment Details - The interest payment for the "Hangxin Convertible Bonds" will be made on July 22, 2025, covering the period from July 22, 2024, to July 21, 2025, with a coupon rate of 2.5% [1][4]. - Each bondholder will receive 25.00 RMB (including tax) for every 10 bonds held, which translates to an effective payment of 20.00 RMB after a 20% tax deduction for individual investors [4][6]. - The payment will be processed by the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, and will be distributed to the designated securities firms of the bondholders [5][6]. Group 2: Tax Implications - Individual bondholders are subject to a 20% tax on interest income, which will be withheld by the payment agency [4][6]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from corporate income tax and value-added tax on the interest income from these bonds [4][6]. Group 3: Eligibility and Registration - Only those who hold the "Hangxin Convertible Bonds" as of the close of trading on July 21, 2025, will be eligible for the interest payment [4][5]. - Bondholders who convert their bonds into company stock before the interest payment date will not receive the interest for the current and future periods [5][6].

Group 1 - The China Securities Convertible Bond Index opened lower by 0.01% [1] - Bohui Convertible Bond increased by 7.4%, while Dongshi Convertible Bond and Hangxin Convertible Bond rose by 3% [1] - Quanfeng Convertible Bond declined by nearly 3%, and Limin Convertible Bond fell by nearly 2% [1]