Stock Code: Jiangnan Mould & Plastic Technology Co.Ltd(000700) stock abbreviation: Jiangnan Mould & Plastic Technology Co.Ltd(000700) Announcement No.: 2022018
Bond Code: 127004 bond abbreviation: molded convertible bond
Jiangnan Mould & Plastic Technology Co.Ltd(000700)
The first suggestive announcement on the resale of molded bonds
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Important:
1. Resale price: 101410 yuan / piece (including interest and tax)
2. Resale declaration period: March 15, 2022 to March 21, 2022
3. Arrival date of the issuer’s funds: March 24, 2022
4. Transfer date of resale money: March 25, 2022
5. Arrival date of investors’ resale funds: March 28, 2022
The closing price of Jiangnan Mould & Plastic Technology Co.Ltd(000700) (hereinafter referred to as “the company”) shares for 30 consecutive trading days from January 18, 2022 to March 7, 2022 is lower than 70% of the current conversion price of 7.24 yuan / share (i.e. 5.07 yuan / share), and the “molded convertible bonds” are in the last two interest bearing years. According to the provisions of the prospectus for Jiangnan Mould & Plastic Technology Co.Ltd(000700) public offering of convertible corporate bonds (hereinafter referred to as the prospectus), the conditional resale clause of the “molded convertible bonds” takes effect. The matters related to the resale of “molded convertible bonds” are hereby announced as follows:
1、 Overview of resale
1. Resale clause
According to the prospectus for Jiangnan Mould & Plastic Technology Co.Ltd(000700) public offering of convertible corporate bonds (hereinafter referred to as the prospectus), the conditional resale terms are as follows:
In the last two interest bearing years of the convertible bonds issued this time, if the closing price of the company’s shares on any consecutive 30 trading days is lower than 70% of the current conversion price, the holders of the convertible bonds have the right to resell all or part of the convertible bonds held by them to the company at the price of the face value of the bonds plus the current accrued interest.
If the conversion price has been adjusted due to bonus shares, conversion of share capital, additional issuance of new shares (excluding the increased share capital due to the conversion of convertible bonds issued this time), allotment of shares and distribution of cash dividends during the above trading days, the conversion price and closing price before adjustment shall be calculated on the trading day before adjustment, On the adjusted trading day, it shall be calculated according to the adjusted conversion price and closing price. If the conversion price is revised downward, the above 30 consecutive trading days shall be recalculated from the first trading day after the conversion price adjustment.
In the last two interest bearing years of the convertible bonds issued this time, the holders of the convertible bonds may exercise the resale right once according to the above agreed conditions after the resale conditions are met for the first time. If the holders of the convertible bonds fail to declare and implement the resale within the resale reporting period announced by the company at that time, the resale right shall not be exercised in the interest bearing year, Convertible bond holders cannot exercise part of the resale right multiple times.
“Molded convertible bonds” are currently in the last two interest bearing years. The closing price of the company’s shares for 30 consecutive trading days from January 18, 2022 to March 7, 2022 is lower than 70% of the current convertible price of 7.24 yuan / share, i.e. 5.07 yuan / share. According to the agreement in the prospectus, the resale clause of “molded convertible bonds” takes effect. 2. Resale price
The calculation formula of current accrued interest is: ia = B × i × t ÷ 365
IA is the accrued interest of the current period;
B is the total face value of convertible corporate bonds held by the holders of convertible corporate bonds issued this time; I is the coupon rate of convertible corporate bonds in the current year;
The number of days from the actual date of interest payment in the previous calendar year is the number of days from the date of interest payment in the previous calendar year. Where: I = 1.8% (“molded convertible bonds” in the fifth year (i.e. the coupon rate from June 2, 2021 to June 1, 2022); T = 286 days (from June 2, 2021 to March 14, 2022).
Calculated: ia = 1.410 yuan / piece
From the above, we can see that the resale price of “molded convertible bonds” is 101410 yuan / piece (including interest and tax)
According to the relevant provisions of relevant tax laws and regulations:
① For individual investors holding “molded convertible bonds” and bondholders of securities investment funds, the interest income tax shall be withheld and paid by cashing and distribution institutions such as securities companies at the tax rate of 20%. The company does not withhold and pay income tax, and the actual income from resale is 101128 yuan / piece;
② Qualified foreign investors (QFII and rqfii) holding “molded convertible bonds” are exempted from income tax according to the notice on enterprise income tax and value-added tax policies for overseas institutions investing in domestic bond market (CS 2018 [108]), and the actual income from resale is 101410 yuan / piece;
③ For other bondholders holding “molded convertible bonds”, they shall pay income tax by themselves, and the company will not withhold and pay income tax. The actual income from resale is 101410 yuan / piece, and they shall pay bond interest income tax by themselves.
3. Other instructions
The holders of “molded convertible bonds” can sell back some or all of the “molded convertible bonds” they hold without conversion. The holders of “molded convertible bonds” have the right to choose whether to sell back. This resale of the company is not mandatory.
2、 Resale procedure and payment method
1. Publicity period of resale matters
In accordance with the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – business handling, after the resale conditions are met, the company will publish the information on the designated information disclosure media China Securities News, securities times and cninfo (www.cn. Info. Com. CN.) A resale announcement shall be published on the, and a resale suggestive announcement shall be issued at least once every five trading days.
2. Reporting period of resale
The bondholder exercising the repurchase right shall make the repurchase declaration through the trading system of Shenzhen stock exchange during the repurchase declaration period from March 15, 2022 to March 21, 2022, and the order can be cancelled on the day of the repurchase declaration. Once the resale declaration is confirmed, it cannot be revoked. If the declaration fails on the day of declaration, the declaration can be continued on the next day (within the declaration period). If the bondholder fails to make a repurchase declaration within the repurchase declaration period, it shall be deemed to have unconditionally waived the repurchase right. In case of judicial freezing or deduction before the transfer date of the resale money, the bond holder’s resale declaration business will become invalid.
3. Payment method
The company will repurchase “molded convertible bonds” at the resale price specified above. The company entrusts China Securities Depository and Clearing Co., Ltd. Shenzhen Branch to conduct clearing and settlement through its capital clearing system. In accordance with the relevant business rules of China Securities Depository and Clearing Co., Ltd. Shenzhen Branch, the arrival date of the issuer’s funds is March 24, 2022, the transfer date of the resale funds is March 25, 2022, and the arrival date of the investors’ resale funds is March 28, 2022. After the resale period expires, the company will announce the impact of this resale on the company.
3、 Transactions during resale
“Molded convertible bonds” will continue to trade during the resale period. If the holder of “molded convertible bonds” sends two or more offer applications for trading, custody transfer, stock conversion and resale on the same trading day, the application shall be processed in the following order: trading, resale, stock conversion and custody transfer.
4、 Consultation mode
Consulting department: Jiangnan Mould & Plastic Technology Co.Ltd(000700) secretary office;
Tel: 051086242802;
5、 Documents for future reference
1. Legal opinion;
It is hereby announced.
Jiangnan Mould & Plastic Technology Co.Ltd(000700) board of directors March 8, 2022
