Securities code: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) securities abbreviation: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) Announcement No.: 2022031 bond Code: 110057 bond abbreviation: Modern convertible bond
Shanghai Shyndec Pharmaceutical Co.Ltd(600420)
Announcement on interest payment of convertible corporate bonds in 2022
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 31, 2022
Interest payment date of convertible bonds: April 1, 2022
Shanghai Shyndec Pharmaceutical Co.Ltd(600420) (hereinafter referred to as “the company” or “the company”) issued convertible corporate bonds on April 1, 2019 (hereinafter referred to as “convertible bonds”) will pay interest from April 1, 2021 to March 31, 2022 from April 1, 2022. In accordance with the relevant provisions of the prospectus for Shanghai Shyndec Pharmaceutical Co.Ltd(600420) 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 convertible bonds
1. Bond Name: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) convertible corporate bonds
2. Bond abbreviation: Modern convertible bond
3. Bond Code: 110057
4. Bond type: convertible bonds convertible into A-Shares of the company
5. Total amount issued: the total amount of convertible bonds issued this time is RMB 161594 million. Each piece has a face value of 100 yuan and is issued at face value. The number of copies issued is 161594 million.
6. Bond term: the term of convertible bonds issued this time is 6 years from the date of issuance, i.e. from April 1, 2019 to March 31, 2025.
7. Bond interest rate: 0.20% in the first year, 0.50% in the second year, 1.00% in the third year, 1.50% in the fourth year, 1.80% in the fifth year and 2.00% in the sixth year.
8. Interest payment method: the convertible bond issued this time adopts the interest payment method of paying interest once a year, and the starting date of interest calculation is the first day of convertible bond issuance.
The annual interest payment date is the day of each full year from the first day of the issuance of the convertible bonds issued this time. If that day is a legal holiday or rest day, it will be postponed to the next trading day, and no additional interest will be paid during the postponed period. The interest year is between two adjacent interest payment days.
Securities code: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) securities abbreviation: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) Announcement No.: 2022031 bond Code: 110057 bond abbreviation: Modern convertible bond
The interest payment creditor’s right registration date of each year is the trading day before the interest payment date of that year. The company will pay the current year’s interest within 5 trading days after the interest payment date of each year. For the convertible bonds applied 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.
The tax payable on the interest income obtained by the holders of convertible bonds shall be borne by the holders.
9. Initial conversion price: 10.09 yuan / share
10. The latest conversion price: 9.79 yuan / share (since the company has implemented profit distribution plans for 2018, 2019 and 2020 from 2019 to 2021 respectively. According to relevant regulations, the conversion price of modern convertible bonds has been adjusted to 9.79 yuan / share).
11. Credit rating: the long-term credit rating of the company’s main body is AAA, the credit rating of “modern convertible bonds” is AAA, and the rating outlook is stable.
12. Credit rating agency: United credit rating Co., Ltd
13. Guarantee: None
14. Registration, custody and settlement institution: China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as “zhongdeng Shanghai Branch”).
2、 This interest payment scheme
According to the prospectus, the coupon 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 RMB 100 is RMB 1.00 (tax included).
3、 Creditor’s right registration date and interest payment date
1. Registration date of interest payment creditor’s rights of convertible bonds: March 31, 2022
2. Interest payment date of convertible bonds: April 1, 2022
4、 Interest payment object
The object of this interest payment is all holders of “modern convertible bonds” registered in zhongdeng Shanghai branch after the closing of Shanghai Stock Exchange on March 31, 2022.
5、 Interest payment method
1. The company has signed the agreement on entrusted agency bond cashing and interest conversion with zhongdeng Shanghai Branch, and entrusted zhongdeng Shanghai branch to cashing and interest conversion of bonds. If the company fails to transfer the bond interest conversion funds to the bank account designated by zhongdeng Shanghai Branch on time and in full, zhongdeng Shanghai Branch will terminate the entrusted agency bond interest conversion service according to the agreement, and the subsequent interest conversion work shall be handled by the company itself, and the relevant implementation matters shall be handled by the company
Securities code: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) securities abbreviation: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) Announcement No.: 2022031 bond Code: 110057 bond abbreviation: Modern convertible bond
The report shall prevail. The company will fully transfer the interest of the bonds of this year to the bank account designated by zhongdeng Shanghai Branch 2 trading days before the interest exchange date of this year.
2. After receiving the payment, zhongdeng Shanghai Branch will transfer the bond interest to the corresponding cashing institution (securities company or other institutions recognized by zhongdeng Shanghai Branch) through the capital settlement system, and the investor will receive the bond interest from the cashing institution.
6、 Notes on investors’ payment of corporate bond interest income tax
1. According to the individual income tax law of the people’s Republic of China and other relevant tax regulations and documents, the bondholders of individual convertible bonds (including securities investment funds) in this period shall pay individual income tax on bond interest at the tax rate of 20% of the interest amount, that is, the interest exchange amount of each convertible bond with a face value of RMB 100 is RMB 1.00 (including tax), and the actual distributed interest is RMB 0.80 (after tax). According to the notice of the State Administration of Taxation on strengthening the withholding and payment of individual income tax on corporate bond interest (Guo Shui Han [2003] No. 612), the individual income tax on bond interest of this period is uniformly withheld and paid by each interest payment network when paying interest to bondholders and stored locally.
2. The amount of interest payable on each convertible bond held by the people’s Republic of China and other income tax laws and regulations is RMB 1.00 (including the actual amount of interest payable on each convertible bond held by the people’s Republic of China according to the PRC income tax law).
3. According to the notice on the enterprise income tax and value-added tax policy of overseas institutions investing in the domestic bond market (CS [2018] No. 108) issued on November 7, 2018 and the announcement on the continuation of the enterprise income tax and value-added tax policy of overseas institutions investing in the domestic bond market (Announcement No. 34, 2021 of the Ministry of Finance and the State Administration of Taxation) issued on November 22, 2021, From November 7, 2018 to December 31, 2025, the bond interest income obtained by overseas institutions investing in the domestic bond market will be temporarily exempted from corporate income tax and value-added 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: Shanghai Shyndec Pharmaceutical Co.Ltd(600420)
Office address: No. 378, Jianlu Road, Pudong New Area, Shanghai
Contact: Liang Zhipeng
Tel.: 02152372865
Securities code: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) securities abbreviation: Shanghai Shyndec Pharmaceutical Co.Ltd(600420) Announcement No.: 2022031 bond Code: 110057 bond abbreviation: Modern convertible bond
2. Lead underwriter: Citic Securities Company Limited(600030)
Office address: 21st floor, Citic Securities Company Limited(600030) building, No. 48, Liangmaqiao Road, Chaoyang District, Beijing
Tel.: 888010608
3. Custodian: China Securities Depository and Clearing Co., Ltd. Shanghai Branch
Office address: No. 188, Yanggao South Road, Pudong New Area, Shanghai
Tel.: 4008058058
It is hereby announced.
Shanghai Shyndec Pharmaceutical Co.Ltd(600420) board of directors
March 28, 2022
