Securities code: Chengdu Xingrong Environment Co.Ltd(000598) securities abbreviation: Chengdu Xingrong Environment Co.Ltd(000598) Announcement No.: 202206
Bond Code: 111081 bond abbreviation: 19 Xingrong G1
19 G1
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Important:
1、 Interest rate adjustment: according to the provisions of the prospectus for the first issue of Chengdu Xingrong Environment Co.Ltd(000598) green bonds in 2019 (hereinafter referred to as the "prospectus"), Chengdu Xingrong Environment Co.Ltd(000598) (hereinafter referred to as the "issuer" or "company") has the right to decide to adjust the coupon rate of the bonds for two years after the end of the third year of the duration of "19 Xingrong G1" (hereinafter referred to as the "bonds"). The coupon rate of the current bond in the first three years of its duration is 4.26%; According to the actual situation of the company and the current market situation, the company decided to reduce the coupon rate of the current bond by 106 basis points, that is, the coupon rate from the fourth year to the fifth year of the duration of the current bond is 3.2%.
2、 At the end of the third interest bearing year of the duration of the current bonds, after the issuer publishes the announcement on whether to adjust the coupon rate and adjustment range of the current bonds, the investor (i.e. the bondholder of the current bonds) has the right to choose to resell all or part of the bonds to the issuer according to the face value or choose to continue to hold the current bonds. The issuer has the option to resell or cancel the bonds.
3、 If the investor decides to exercise the resale right, it shall register within the resale registration period, and the resale right shall be deemed to have been irrevocably exercised upon the completion of the registration procedures; If the investor fails to register within the resale registration period, it shall be deemed to accept the issuer's decision to adjust the coupon rate and adjustment range of the current bonds, and it shall be deemed to give up the resale right and agree to continue to hold the current bonds.
4、 Resale price: 100.00 yuan / piece (excluding interest).
5、 Resale registration period: March 30, 2022 to April 7, 2022 (trading days only).
6、 Arrival date of resale funds: April 29, 2022.
7、 Risk tip: as of the trading day before this announcement, the closing price of "19 Xingrong G1" was 100 yuan / piece. The investor's choice of resale is equivalent to selling the "19 Xingrong G1" held at RMB 100 / piece (excluding interest). Investors who choose to resell may bring losses. Please pay attention to the risks. In case of judicial freezing or deduction before the issuance date of the resale funds, the resale declaration business of the bondholder will become invalid.
8、 This resale declaration is irrevocable.
9、 Investors who sell back some bonds enjoy interest from April 29, 2021 to April 28, 2022, with an interest rate of 4.26%.
In order to ensure the smooth progress of relevant work, the implementation of resale and interest rate adjustment are announced as follows:
1、 Basic information of "19 Xingrong G1"
(I) issuer: Chengdu Xingrong Environment Co.Ltd(000598) .
(II) bond Name: 2019 phase I Chengdu Xingrong Environment Co.Ltd(000598) green bond.
(III) abbreviation of bonds: 19 Xingrong G1.
(IV) bond Code: 111081 SZ。
(V) issuance scale: RMB 800 million.
(VI) bond term: the current bond is a five-year bond. At the end of the third interest bearing year of the bond duration, the issuer's option to adjust the coupon rate and the investor's option to sell back are attached. (VII) bond coupon rate: the coupon rate of the current bond is fixed for the first three years of the duration, which is 4.26%; At the end of the third year of the duration, the issuer exercises the option to adjust the coupon rate, and the coupon rate of the bonds that have not been resold is adjusted to 3.2%, which will remain unchanged for two years after the duration of the bonds.
(VIII) method of repayment of principal and interest: the interest of the current bond shall be paid once a year, the principal shall be repaid once at maturity, and the last interest shall be paid together with the payment of the principal. The annual interest payment shall not bear additional interest from the date of interest payment, and the principal shall not bear additional interest from the date of cashing.
(IX) value date: April 29 of each year during the duration of the bonds is the value date of the interest year.
(x) interest payment date: April 29 of each year from 2020 to 2024 is the interest payment date of the previous interest year; If the investor exercises the resale option at the end of the third year of the duration of the current bonds, and the issuer chooses to cancel the resale part of the bonds, the interest payment date of the cancelled part of the bonds is April 29 of each year from 2020 to 2022 (in case of legal holidays or rest days, it will be postponed to the next working day).
(11) Resale registration period: March 30, 2022 to April 7, 2022 (trading days only). Bondholders may make resale declaration in a designated manner. The bond holder's resale declaration cannot be revoked after confirmation. If no declaration is made during the resale registration period, it shall be deemed to give up the resale option, continue to hold the current bonds, and accept the above decision on whether to reduce the coupon rate and range of the current bonds.
(12) Cashing date: the cashing date of the current bonds is April 29, 2024; If the investor exercises the repurchase option at the end of the third year of the duration of the current bonds, and the issuer chooses to cancel part of the bonds, the cashing date of the cancelled part of the bonds is April 29, 2022. (13) Credit rating: according to the comprehensive evaluation of Shanghai new century credit evaluation and Investment Service Co., Ltd., the long-term credit rating of the company's main body is AAA, and the credit rating of current bonds is AAA.
(14) Guarantee: the bonds are unsecured.
(15) Registered and entrusted bond dividend distribution and cashing institutions: Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as "Shenzhen Branch of China Clearing").
2、 Interest rate adjustment of current bonds
According to the issuer's option to adjust the coupon rate set in the prospectus, the company has the right to decide whether to adjust the coupon rate for two years after the duration at the end of the third year of the duration of the bonds. According to the actual situation of the company and the current market environment, the company decides to reduce the coupon rate of the current bond, that is, the coupon rate of the fourth and fifth years of the duration of the current bond (April 29, 2022 to April 28, 2024) is 3.2%.
The proposed reduction of the coupon rate of the current bonds complies with the relevant provisions of the prospectus of the current bonds, and the issuer will bear corresponding legal liabilities for the reduction of the coupon rate of the current bonds.
The current bond adopts simple interest, which is calculated on an annual basis without compound interest.
3、 Repurchase option of current bond investors and implementation measures for repurchase
(I) investors' repurchase option: bondholders can make a repurchase declaration according to the bond code during the repurchase declaration period. Investors can choose not to sell back, part of the sale back or all of the sale back.
(II) risk warning: as of the trading day before this announcement, the closing price of "19 Xingrong G1" was 100 yuan / piece. The investor's choice of resale is equivalent to selling the "19 Xingrong G1" held at RMB 100 / piece (excluding interest). Investors who choose to resell may bring losses. Please pay attention to the risks.
In case of judicial freezing or deduction before the issuance date of the resale funds, the resale declaration business of the bondholder will become invalid.
(III) resale registration period: March 30, 2022 to April 7, 2022 (trading days only).
(IV) resale price: 100 yuan / piece (excluding interest). Take one piece of 100 yuan as a resale unit, and the resale quantity must be one piece and its integral multiple.
(V) resale registration method: investors can choose to resell all or part of the bonds they hold to the company, and make a resale declaration through the trading system of Shenzhen stock exchange during the resale declaration period. The order can be cancelled on the day of the resale declaration. Once the resale declaration is confirmed, the corresponding bonds will be frozen. If the declaration is not successful on that day, or there is a bond balance that has not been reported for resale, the resale declaration can be continued on the next day (within the resale registration period).
(VI) resale cancellation arrangement: This resale is irrevocable.
(VII) redemption date of some bonds sold back: April 29, 2022. The issuer entrusts CSDCC Shenzhen Branch to handle cashing for the investors registered for resale.
(VIII) the bondholders who choose to sell back shall register within the reporting period of selling back. If they fail to go through the formalities of selling back registration within the time limit, it shall be deemed that the bondholders have abandoned selling back and agreed to continue to hold the bonds of the current period.
4、 Payment arrangement for resale of some bonds
(I) arrival date of resale funds: April 29, 2022.
(II) some bonds sold back enjoy interest from April 29, 2021 to April 28, 2022, with an interest rate of 4.26%. The interest distribution of "19 Xingrong G1" with a face value of 1000 yuan per hand (10 pieces) of bonds is 42.60 yuan (including tax), the interest distribution obtained by individuals and bondholders of securities investment funds after tax is 34.08 yuan, and the interest distribution obtained by bondholders of non resident enterprises (including QFII and rqfii) after tax is 42.60 yuan.
(III) payment method: the company will pay the principal and interest for the resale part of the bonds according to the declaration results of CSDCC Shenzhen Branch. The resale funds will enter the registered company reserve account of the securities company opened by the investor through the clearing system of CSDCC Shenzhen Branch, and then be transferred by the securities company to the investor's capital account in the securities company on the account arrival date of the resale funds.
5、 Transactions during resale declaration period
The current bonds will continue to be traded during the resale declaration period, and some of the bonds will be frozen after the closing of the resale registration day.
6、 Notes on paying enterprise bond interest income tax
(I) description of individual payment of corporate bond interest income tax
In accordance with the individual income tax law of the people's Republic of China and other relevant laws and regulations, individual bondholders of current bonds (including securities investment funds) shall pay individual income tax on corporate bond interest, and the tax rate is 20% of the interest amount. 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 outlet when paying interest to bondholders and stored locally.
(II) explanation of non resident enterprises paying corporate bond interest income tax
According to the announcement on the continuation of enterprise income tax and value-added tax policies for overseas institutions investing in the domestic bond market (Announcement No. 34, 2021 of the State Administration of Taxation of the Ministry of Finance and taxation), from November 7, 2021 to December 31, 2025, the bond interest income obtained by overseas institutions investing in the domestic bond market will be temporarily exempted from enterprise income tax and value-added 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.
(III) description of other bondholders' payment of corporate bond interest income tax
For other bondholders, their bond interest income tax shall be paid by themselves.
7、 Relevant institutions
(I) issuer: Chengdu Xingrong Environment Co.Ltd(000598)
Address: No. 1000, Jincheng Avenue, high tech Zone, Chengdu, Sichuan
Postal Code: 610041
Contact person: Cheng Shiyuan
Tel: 02885293 Tjk Machinery (Tianjin) Co.Ltd(300823) 2
Fax: 02885007801
(II) lead underwriter: Gf Securities Co.Ltd(000776)
Consulting address: 43rd floor, Gf Securities Co.Ltd(000776) building, No. 26, Machang Road, Tianhe District, Guangzhou, Guangdong postcode: 510627
Contact: Wang Yuting
Tel: 02066338754
Fax: 02087553600
(III) registration and settlement institution: Shenzhen Branch of China Securities Depository and Clearing Co., Ltd
Address: 28th floor, Shenzhen Stock Exchange Plaza, No. 2012, Shennan Avenue, Futian District, Shenzhen, Guangdong
Contact: Lai Darun
Tel: 075521899325
Fax: 075525987133
It is hereby announced.
Chengdu Xingrong Environment Co.Ltd(000598) board of directors
April 1, 2022