Core Points - The company announced the interest payment schedule for its convertible bonds, "赛特转债," which will begin on September 11, 2025 [1][3] - The total issuance of the convertible bonds is 4,420,000 units, with a face value of 100 yuan each, amounting to a total of 442 million yuan [2][3] - The coupon rates for the bonds are set to increase over the years, starting from 0.20% in the first year to 2.50% in the sixth year [1][2] Summary by Sections Convertible Bond Issuance Overview - The company issued 4,420,000 convertible bonds on September 11, 2023, with a total issuance amount of 442 million yuan [2] - The bonds have a face value of 100 yuan each, and the coupon rates are structured to increase annually [1][2] Interest Payment Details - The interest payment for the second year will cover the period from September 11, 2024, to September 10, 2025, with a coupon rate of 0.40% [3][4] - The interest amount payable for each bond (100 yuan face value) is 0.40 yuan (including tax) [3][6] Payment Schedule - The bondholders will have their interest payment rights registered on September 10, 2025, with the interest payment date set for September 11, 2025 [3][4] - The company will pay the interest within five trading days after the interest payment date [4] Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net payment of 0.32 yuan per bond after tax [5][6] - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [6]

Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bond issued by Sait New Materials, which has seen a decline in its market price and a notable conversion premium rate [1] - The convertible bond has a credit rating of "A+" and a maturity period of 6 years, with a coupon rate that increases over the years, starting from 0.20% in the first year to 2.50% in the sixth year [1] - The conversion price for the bond is set at 18.9 yuan, with the conversion period beginning on March 15, 2024 [1] Group 2 - Sait New Materials is a national high-tech enterprise established in 2007, specializing in vacuum insulation energy-saving solutions and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in February 2020 [2] - The company has invested in five subsidiaries and its main products include vacuum insulation panels, ultra-fine glass wool core materials, vacuum insulation glass, barrier films, adsorbents, and vacuum packaging product performance testing [2] - For the first half of 2025, Sait New Materials reported a revenue of 468.9 million yuan, a year-on-year increase of 3.7%, while net profit attributable to shareholders fell by 77.66% to 12.1 million yuan [2] - As of June 2025, the concentration of shareholding in Sait New Materials is high, with the top ten shareholders holding a combined 59.08% of shares [2]

Core Viewpoint - The company announces an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual equity distribution, with the new conversion price set at 18.90 CNY per share, effective from July 14, 2025 [1][5]. Summary by Sections Securities Suspension and Resumption - The company's convertible bonds will be suspended from conversion from July 7, 2025, until the equity distribution record date of July 11, 2025, and will resume conversion on July 14, 2025 [1]. Conversion Price Adjustment Basis - The adjustment of the conversion price is based on the total share capital after deducting shares held in the company's repurchase account, with a cash dividend of 1.00 CNY per 10 shares distributed to all shareholders [1][2]. Conversion Price Adjustment Method - The conversion price adjustment follows specific formulas outlined in the prospectus, considering factors such as stock dividends, capital increases, and cash dividends [2][3]. Conversion Price Adjustment Results - The previous conversion price was 19.00 CNY per share, and after calculating the cash dividend of approximately 0.0995 CNY per share, the new conversion price is set at 18.90 CNY per share [4][5]. Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus published on September 7, 2023, on the Shanghai Stock Exchange website [5].

Core Viewpoint - The company has announced a differentiated dividend distribution plan, proposing a cash dividend of RMB 1.00 per 10 shares, with a total cash dividend distribution amounting to approximately RMB 16.70 million after excluding shares in the repurchase account [1][2][3] Dividend Distribution Plan - The dividend distribution plan was approved at the 2024 annual general meeting held on May 15, 2025 [1] - The total share capital of the company is 167,813,997 shares, with 860,000 shares in the repurchase account excluded from the distribution, resulting in 166,953,997 shares participating in the dividend distribution [2][3] - The cash dividend per share is calculated as approximately RMB 0.0995 [3] Relevant Dates - The key dates for the dividend distribution are the equity registration date, ex-dividend date, and cash dividend payment date [3] Implementation of Distribution - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch for shareholders holding unrestricted circulating shares [4] - Shareholders in the repurchase account will not participate in the profit distribution [4] Taxation on Dividends - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, while those holding for one year or less will have tax withheld upon stock transfer [5][6] - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of RMB 0.09 per share [5][6] - Other corporate shareholders are responsible for their own tax declarations, with a pre-tax cash dividend of RMB 0.10 per share [6]

Group 1 - The company will adjust the conversion price of its convertible bonds from 19.00 CNY/share to 18.90 CNY/share due to the implementation of the 2024 annual profit distribution plan [1][4] - The profit distribution plan involves distributing a cash dividend of 1.00 CNY per 10 shares to all shareholders, with no increase in share capital or bonus shares [1][2] - The adjustment of the conversion price will take effect on the first trading day after the equity registration date [1][4] Group 2 - The company will suspend the conversion of its convertible bonds from July 7, 2025, until the equity registration date, with resumption on the first trading day after the registration [2][3] - The total share capital as of June 30, 2025, is 167,813,997 shares, with 860,000 shares in the repurchase account, resulting in 166,953,997 shares participating in the profit distribution [3][4] - The cash dividend per share, calculated based on the adjusted total share capital, is approximately 0.0995 CNY/share [4]

Group 1 - The core point of the announcement is that the conversion price of the company's convertible bonds will be adjusted from 19 CNY per share to 18.9 CNY per share due to the implementation of the 2024 annual equity distribution [1] - The equity distribution plan includes a cash dividend of 1 CNY (before tax) for every 10 shares held, with the record date set for July 8, 2025, and the ex-dividend date on July 9, 2025 [1] - The company's convertible bonds will suspend conversion from July 7, 2025, until the record date for the equity distribution [1]