Securities code: Xinjiang Yilite Industry Co.Ltd(600197) securities abbreviation: Xinjiang Yilite Industry Co.Ltd(600197) Announcement No.: 2022002
Bond Code: 110055 convertible bond abbreviation: Yili convertible bond
Xinjiang Yilite Industry Co.Ltd(600197)
Announcement on interest payment of convertible corporate bonds
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Registration date of interest payment creditor’s rights of convertible bonds: March 14, 2022
Ex dividend date of convertible bonds: March 15, 2022
Interest payment date of convertible bonds: March 15, 2022
Xinjiang Yilite Industry Co.Ltd(600197) (hereinafter referred to as “the company”) publicly issued 876 million yuan of convertible corporate bonds (hereinafter referred to as “convertible bonds”) on March 15, 2019, and will pay interest from March 15, 2021 to March 14, 2022 on March 15, 2022. In accordance with the relevant provisions of the prospectus for Xinjiang Yilite Industry Co.Ltd(600197) public offering of convertible corporate bonds (hereinafter referred to as the prospectus), the relevant matters are hereby announced as follows:
1、 Basic information of current bonds
1. Bond Name: Xinjiang Yilite Industry Co.Ltd(600197) publicly issued convertible corporate bonds
2. Bond abbreviation: Yili convertible bond
3. Bond Code: 110055
4. Types of Securities: convertible bonds that can be converted into A-Shares of the company
5. Listing place of convertible bonds: Shanghai Stock Exchange
6. Issuance scale: RMB 876 million
7. Face value and issue price: each face value is 100 yuan, which is issued at face value.
From March 15, 2019 to March 14, 2025.
9. Coupon rate: the coupon rate of convertible corporate bonds issued this time is: 0.5% in the first year, 0.7% in the second year, 1.0% in the third year, 1.5% in the fourth year, 1.8% in the fifth year and 2.0% in the sixth year.
10. Term and method of repayment of principal and interest:
(1) Annual interest calculation
Annual interest refers to the current interest enjoyed by the holders of convertible corporate bonds for each full year from the first date of issuance of convertible corporate bonds according to the total face value of convertible corporate bonds.
The calculation formula of annual interest is:
I=Bi
1: Refers to the annual interest amount;
B: Refers to the total face value of convertible corporate bonds held by the holders of convertible corporate bonds issued this time on the date of interest payment creditor’s rights registration in the interest bearing year (hereinafter referred to as “current year” or “each year”);
i: Refers to the current year’s coupon rate of convertible corporate bonds.
(2) Interest payment method
① The convertible corporate bonds issued this time adopt the interest payment method of paying interest once a year, and the starting date of interest calculation is the first day of issuance of convertible corporate bonds.
② Interest payment date: the interest payment date of each year is the date of each full year from the first date of issuance of convertible corporate bonds issued this time. If the day is a legal holiday or rest day, it shall be postponed to the next working day without additional interest. The interest year is between two adjacent interest payment days.
③ Interest payment creditor’s right registration date: the interest payment creditor’s right registration date of each year is the trading day before the interest payment date of each year. The company will pay the interest of the current year within five trading days after the interest payment date of each year. For the convertible corporate bonds that apply for conversion into the company’s shares before the registration date of interest paying creditor’s rights (including the registration date of interest paying creditor’s rights), the company will no longer pay the interest of this interest year and subsequent interest years to its holders.
④ The tax payable on the interest income obtained by the holders of convertible corporate bonds shall be borne by the holders.
11. Guarantee matters: no guarantee is provided for the convertible bonds issued this time.
12. Repayment of bonds upon maturity: within 5 trading days after the expiration of the convertible corporate bonds issued this time, the company will redeem the convertible bonds that have not been converted into shares at the price of 110% of the face value of the bonds (including the last interest).
13. Conversion price: the initial conversion price is 17.60 yuan / share, and the latest conversion price is 16.41 yuan / share.
14. Start and end date of share conversion period: September 23, 2019 to March 14, 2025.
15. Credit rating: the main credit rating of the company is AA, the credit rating of the convertible bonds issued this time is AA, and the rating outlook is stable.
17. Registration, custody and settlement institution: China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as “China Clearing Shanghai Branch”)
2、 This interest payment scheme
According to the provisions in the prospectus, the book interest rate of this interest bearing year is 1.00% (tax included), that is, the interest exchange amount of each convertible bond with a face value of 100 yuan is 1.00 yuan (tax included).
3、 Creditor’s rights registration date and bond interest payment date
1. Registration date of interest payment creditor’s rights of convertible bonds: March 14, 2022
2. Ex dividend date of convertible bonds: March 15, 2022
3. Interest payment date of convertible bonds: March 15, 2022
4、 Bond interest payment object
The object of this interest payment is all holders of “Yili convertible bonds” registered in China Clearing Shanghai branch after the closing of Shanghai Stock Exchange on March 14, 2022.
5、 Bond interest payment method
1. The company signed an agreement with China Securities Depository and Clearing Co., Ltd. Shanghai Branch on entrusted agency bond cashing and interest conversion, and entrusted China Securities Depository and Clearing Co., Ltd. Shanghai branch to carry out bond cashing and interest conversion. If the company fails to transfer the bond cashing and interest conversion funds to the bank account designated by China Securities Depository and Clearing Co., Ltd. Shanghai Branch on time and in full, China Securities Depository and Clearing Co., Ltd. Shanghai Branch will terminate the entrusted agency bond cashing and interest conversion services according to the agreement, and the subsequent cashing and interest conversion shall be handled by the company itself, Relevant implementation matters shall be subject to the announcement of the company. The company will transfer the full interest of the bonds to the bank account designated by China Securities Depository and Clearing Co., Ltd. Shanghai Branch 2 trading days before the interest exchange date of the current period.
2. After receiving the payment, China Securities Depository and Clearing Co., Ltd. Shanghai Branch will transfer the bond interest to the corresponding cashing institution (securities company or other institution recognized by China Securities Depository and Clearing Co., Ltd. Shanghai Branch) through the capital settlement system, and the investor will receive the bond interest from the cashing institution.
6、 Notes on the payment of bond interest income tax by the interest payment object
1. In accordance with the individual income tax law of the people’s Republic of China and other relevant tax regulations and documents, individual investors of the bonds shall pay income tax on individual interest income of corporate bonds. The individual income tax on the current bond interest will be withheld and paid by each cashing institution and directly to the tax department where each cashing institution is located.
The individual interest income tax collection and payment instructions of the current bonds are as follows: (I) taxpayer: individual investor of the current bonds; (II) tax object: interest income of current bonds; (III) tax rate: it is levied at 20% of the interest amount, that is, the interest exchange amount of each convertible bond with a face value of 100 yuan is 1.00 yuan (before tax), and the actual distributed interest is 0.80 yuan (after tax); (IV) taxation link: when individual investors receive interest from the cashing institution, the cashing institution shall deduct it at one time; (V) withholding agent: all cashing institutions responsible for the interest payment of current bonds.
2. According to the enterprise income tax law of the people’s Republic of China and other relevant tax regulations and documents, for resident enterprises holding convertible bonds, the bond interest income tax shall be paid by themselves, that is, the actual distribution amount of each convertible bond with a face value of 100 yuan is 1.00 yuan (including tax).
3. For non resident enterprises such as qualified foreign institutional investors and RMB foreign institutional investors holding the bonds (the meaning is the same as the enterprise income tax law of the people’s Republic of China), according to the notice on the enterprise income tax and value-added tax policy for overseas institutions investing in the domestic bond market (CS [2018] No. 108), From November 7, 2018 to November 6, 2021, the bond interest income obtained by overseas institutions investing in the domestic bond market is temporarily exempted from corporate income tax and value-added tax. According to the announcement on the continuation of the enterprise income tax and value-added tax policies of overseas institutions investing in the domestic bond market (Announcement No. 34 of the State Administration of Taxation of the Ministry of Finance in 2021) issued by the Ministry of Finance and the State Administration of Taxation, from November 7, 2021 to December 31, 2025, The bond interest income obtained by overseas institutions investing in the domestic bond market is temporarily exempted from enterprise income tax and value-added tax. Therefore, the current bond interest obtained by the bondholders of non resident enterprises (including QFII and rqfii) is exempted from corporate income tax, that is, the actual distribution amount of each convertible bond with a face value of RMB 100 is RMB 1.00 (including tax). The scope of the above temporary exemption from enterprise income tax does not include the bond interest actually connected with the institutions and sites established by overseas institutions in China.
7、 Relevant institutions and contact methods
1. Issuer:
Office address: 20th floor, block a, Dacheng Erya, No. 1119, convention avenue, Shuimogou District, Urumqi, Xinjiang contact: Jun Jie, Shen Xia
Tel.: 099136674902. Sponsor (co lead underwriter): Minsheng Securities Co., Ltd
Office address: floor 16-18, building a, Minsheng financial center, No. 28, Jianguomen inner street, Dongcheng District, Beijing contact: Wei Wei, Ma Chujin contact number: 01085127749 co lead underwriter: China National Securities Co., Ltd
Office address: 40f-43f, tower a, Pangu grand view, No. 27, Middle North Fourth Ring Road, Chaoyang District, Beijing
Tel: 010593557373. Custodian: China Securities Depository and Clearing Co., Ltd. Shanghai branch office address: China Insurance Building, No. 166 Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) East Road, Shanghai Tel: 02138874800. This announcement is hereby made.
Xinjiang Yilite Industry Co.Ltd(600197) board of directors March 9, 2022
