Securities code: 603797 securities abbreviation: Guangdong Liantai Environmental Protection Co.Ltd(603797) Announcement No.: 2022-006 convertible bond Code: 113526 convertible bond abbreviation: liantai convertible bond
Guangdong Liantai Environmental Protection Co.Ltd(603797)
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: January 21, 2022
● ex dividend date of convertible bonds: January 24, 2022
● interest payment date of convertible bonds: January 24, 2022 (due to legal holidays or rest days, the interest payment date will be postponed to the next working day)
The convertible corporate bonds (hereinafter referred to as the “bonds”) publicly issued by Guangdong Liantai Environmental Protection Co.Ltd(603797) (hereinafter referred to as the “company”) on January 23, 2019 will pay interest from January 23, 2021 to January 22, 2022 from January 24, 2022. In accordance with the relevant provisions of the prospectus for public issuance of convertible corporate bonds (hereinafter referred to as the prospectus), the relevant matters are hereby announced as follows:
1、 Basic information of current bonds
(I) bond Name: Guangdong Liantai Environmental Protection Co.Ltd(603797) convertible corporate bonds
(II) bond abbreviation: liantai convertible bond
(III) bond Code: 113526
(IV) securities type: corporate bonds convertible into A-Shares of the company
(V) issuance scale: 390 million yuan
(VI) number of copies issued: 3.9 million
(VII) face value and issue price: the face value of each bond is RMB 100, which is issued at face value. (VIII) bond term: the term of this bond is 6 years from the date of issuance, i.e. from January 23, 2019 to January 22, 2025.
(IX) bond interest rate: 0.3% in the first year, 0.5% 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.
(x) term and method of repayment of principal and interest: the current bond adopts the interest payment method of paying interest once a year, and the principal and interest of the last year shall be returned when due.
1. Annual interest calculation
Annual interest refers to the current interest that the current bond holder can enjoy for each full year from the first date of issuance of the current bond according to the total face value of the current bond. The calculation formula of annual interest is: I = B × i
1: Means the annual interest amount;
B: Refers to the total face value of the bonds held by the holders of the bonds on the registration date of interest paying creditor’s rights in the interest bearing year (hereinafter referred to as “the current year” or “each year”);
i: The current year’s coupon rate of the bonds.
2. Interest payment method
(1) The interest of the current bonds is paid once a year, and the starting date of interest calculation is the first day of the issuance of the current 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 the bonds. If the day is a legal holiday or rest day, it shall be postponed to the next working day without additional interest. Every two adjacent interest payment days is an interest year.
(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 current bonds applied for conversion into the company’s shares before the interest payment creditor’s rights registration date (including the interest payment creditor’s rights registration date), the company will no longer pay the interest of the current interest year and subsequent interest years to its holders.
(4) The tax payable on the interest income obtained by the bondholders of the current period shall be borne by the bondholders.
（11） Conversion period: the conversion period of the current bonds starts from the first trading day after the expiration of 6 months from the date of the end of the issuance of the current bonds (January 29, 2019, i.e. the date when the raised funds are transferred to the issuer’s account) to the maturity date of the current bonds. (i.e. from July 29, 2019 to January 22, 2025 (in case of legal holidays or rest days, it shall be extended to the first working day thereafter; the interest payment during the extended period shall not be calculated separately)).
（12） Conversion price of current bonds: the initial conversion price is 12.31 yuan / share, and the latest conversion price is 5.92 yuan / share.
（13） Credit rating of current bonds: AA+
（14） Current bond credit rating agency: CSI PENGYUAN credit rating Co., Ltd
（15） Guarantee matters: in order to protect the rights and interests of the holders of the current bonds, the controlling shareholder of the company, Guangdong liantai Group Co., Ltd., will provide guarantee for the current bonds and bear joint and several guarantee liabilities. The guarantee scope is 100% of the total principal and interest of the current bonds, liquidated damages, damage compensation and reasonable expenses for realizing creditor’s rights, The beneficiaries of the guarantee are all bondholders.
（16） Registration, custody, entrusted bond dividend distribution and cashing institution of current bonds: China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as “zhongdeng Shanghai Branch”)
2、 This interest payment scheme
According to the provisions in the prospectus, this interest payment is the third year of the bonds, and the interest period is from January 23, 2021 to January 22, 2022. The coupon rate of this interest bearing year is 1.0% (tax included), that is, the interest conversion amount of each convertible bond with a face value of 100 yuan is 1.00 yuan (tax included).
3、 Registration date, ex dividend date and interest payment date of this interest payment creditor’s right
(I) registration date of this interest payment creditor’s right: January 21, 2022
(II) ex dividend date: January 24, 2022
(III) current interest payment date: January 24, 2022 (due to legal holidays or rest days, the interest payment date shall be postponed to the next working day)
4、 Object of this interest payment
The interest payment object is all current bondholders registered in zhongdeng Shanghai branch after the closing of Shanghai Stock Exchange on January 21, 2022.
5、 Interest payment method
(I) the company has signed the agreement on entrusted agency bond cashing and interest conversion with csdct Shanghai Branch, and entrusted csdct Shanghai branch to perform bond cashing and interest conversion. If the company fails to transfer the bond cashing and interest exchange funds to the bank account designated by zhongdeng Shanghai Branch on time and in full, zhongdeng Shanghai Branch will terminate the entrusted agency bond cashing and interest exchange services according to the agreement, and the subsequent cashing and interest exchange work shall be handled by the company itself, and the relevant implementation matters shall be subject to the announcement of the company. 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 payment date of this year.
(II) 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 bond interest income tax
(I) according to the individual income tax law of the people’s Republic of China and other relevant tax laws, regulations and documents, individual investors in convertible bonds (including securities investment funds) shall pay income tax on individual interest income of bonds at the tax rate of 20% of the interest amount, that is, the exchange amount of each convertible bond with a face value of 100 yuan is 1.00 yuan (before tax), The actual distribution interest is 0.80 yuan (after tax). The individual income tax on convertible bond interest will be uniformly withheld and paid by each cashing institution and directly to the tax department where each cashing institution is located. If each interest payment outlet fails to perform the obligation of withholding and paying the individual income tax of the above bond interest, the resulting legal liability shall be borne by each interest payment outlet.
(II) according to the enterprise income tax law of the people’s Republic of China and other relevant tax laws, 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 RMB 100 is RMB 1.00 (including tax).
(III) 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), in accordance with the enterprise income tax law of the people’s Republic of China and its implementation regulations effective January 1, 2008 Interim Measures for the administration of source withholding of income tax of non resident enterprises (Guo Shui Fa [2009] No. 3) implemented on January 1, 2009, and the enterprise income tax on overseas institutions investing in domestic bond market issued on November 7, 2018
Notice on value-added tax policy (CS [2018] No. 108), the executive meeting of the State Council held on October 27, 2021 decided to extend its implementation period to the end of the 14th five year plan (i.e. December 31, 2025), and 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. 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 of this interest payment
(I) issuer: Guangdong Liantai Environmental Protection Co.Ltd(603797)
Address: huangcuowei Longzhu water purification plant, Zhongshan East Road, Shantou, Guangdong
Contact: Lin Jinshun
Tel: 0754-89650738
Fax: 0573-88519639
(II) recommendation institution: Shenwan Hongyuan Group Co.Ltd(000166) securities underwriting and recommendation Co., Ltd
Address: room 1206, Zhujiang city building, No. 15, Zhujiang West Road, Tianhe District, Guangzhou
Sponsor representatives: Zhang Xiao, Liu Ling
Tel.: 020-83628185
Fax: 020-83628239
(III) custodian: China Securities Depository and Clearing Co., Ltd. Shanghai Branch
Address: No. 188, Yanggao South Road, Pudong, Shanghai
Tel.: 021-68870204
It is hereby announced.
Guangdong Liantai Environmental Protection Co.Ltd(603797) board of directors January 14, 2022
