Securities code: 601229 securities abbreviation: Bank Of Shanghai Co.Ltd(601229) Announcement No.: pro 2022-005 preferred stock code: 360029 preferred stock abbreviation: Shangyin you1 convertible bond Code: 113042 convertible bond abbreviation: Shangyin convertible bond Bank Of Shanghai Co.Ltd(601229)
Announcement on interest payment of “Shanghai Bank convertible bonds” in 2022
The board of directors and all directors of Bank Of Shanghai Co.Ltd(601229) (hereinafter referred to as “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 24, 2022
Ex dividend date of convertible bonds: January 25, 2022
Interest payment date of convertible bonds: January 25, 2022
The 20 billion yuan A-share convertible corporate bonds (hereinafter referred to as “convertible bonds”, “current bonds” and “Shanghai Bank convertible bonds”) publicly issued by the company on January 25, 2021 will pay interest from January 25, 2021 to January 24, 2022 on January 25, 2022. In accordance with the relevant provisions of the prospectus for the public offering of A-share 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: Bank Of Shanghai Co.Ltd(601229) A-share convertible corporate bonds.
2. Bond abbreviation: Shanghai Bank convertible bond.
3. Bond Code: 113042.
4. Securities type: convertible corporate bonds convertible into A-share common stock of the company.
5. Issuance scale: RMB 20 billion.
6. Issued quantity: 200 million pieces (20 million hands).
7. Face value and issue price: each face value is RMB 100, which is issued at face value.
8. Basic information of convertible bonds:
(1) Bond term: six years from the date of issuance, i.e. from January 25, 2021 to January 24, 2027.
(2) Coupon rate: 0.30% in the first year, 0.80% in the second year, 1.50% in the third year, 2.80% in the fourth year, 3.50% in the fifth year and 4.00% in the sixth year.
(3) Redemption of bonds upon maturity: within five trading days after the expiration of the convertible bonds, the company will redeem all the convertible bonds that have not been converted into shares from the investors at the price of 112% of the face value of the convertible bonds (including the interest of the last interest bearing year).
(4) Interest payment method:
① The interest of convertible bonds is paid once a year. The starting date of interest calculation is the first day of issuance of convertible bonds, i.e. January 25, 2021.
② Interest payment date: the interest payment date of each year is the day of each full year from the first day of issuance of convertible bonds. If that day is a legal holiday or rest day, it shall be postponed to the next working day, and no additional interest shall be paid during the postponed period. 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. Before the registration date of interest payment creditor’s rights (including the registration date of interest payment creditor’s rights), the company will no longer pay the interest of this interest bearing year and subsequent interest bearing years to its holders.
④ The tax payable on the interest income obtained by the holders of convertible bonds shall be borne by the holders.
(5) The latest conversion price: 10.63 yuan / share.
(6) Start and end date of share conversion period: from the first trading day six months after the end of the issuance of convertible bonds (January 29, 2021) to the maturity date of convertible bonds, i.e. July 29, 2021 to January 24, 2027.
(7) Credit rating: the convertible bond is rated “AAA”.
(8) Credit rating agency: Shanghai new century credit evaluation and Investment Service Co., Ltd.
(9) Guarantee matters: no guarantee is provided.
9. 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 of the prospectus, the coupon rate of this interest bearing year is 0.30% (tax included), that is, the interest payment amount of each convertible bond with a face value of 100 yuan is 0.30 yuan (tax included).
3、 Interest payment creditor’s right registration date, ex dividend date and interest payment date
1. Registration date of interest payment creditor’s rights of convertible bonds: January 24, 2022
2. Ex dividend date of convertible bonds: January 25, 2022
3. Interest payment date of convertible bonds: January 25, 2022
4、 Interest payment object
The object of this interest payment is all holders of “Shanghai Bank convertible bonds” registered with China Clearing Shanghai branch after the closing of Shanghai Stock Exchange on January 24, 2022.
5、 Interest payment method
1. The company has signed the agreement on entrusted agency bond cashing and interest conversion with CSDCC Shanghai Branch, and entrusted CSDCC Shanghai branch to perform bond cashing and interest conversion. If the company fails to transfer the bond cashing and interest conversion funds to the bank account designated by CSDCC Shanghai Branch on time and in full, CSDCC Shanghai Branch will terminate the entrusted agency bond cashing and interest conversion services according to the agreement, and the subsequent cashing and interest conversion 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 to the bank account designated by China Clearing Shanghai Branch 2 trading days before the interest payment date of the current period.
2. After receiving the payment, CSDCC Shanghai Branch will transfer the bond interest to the corresponding cashing institution (securities company or other institution recognized by CSDCC 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, individual investors in corporate convertible bonds (including securities investment funds) shall pay income tax on individual interest income of bonds. The tax rate is 20% of the interest amount, that is, the interest payment amount of each convertible bond with a face value of 100 yuan is 0.30 yuan (before tax), The actual distribution interest is RMB 0.24 (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.
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 RMB 100 is RMB 0.30 (including tax).
3. According to the announcement on the continuation of the enterprise income tax and value-added tax policies for overseas institutions investing in the domestic bond market (Announcement No. 34 of the State Administration of Taxation of the Ministry of Finance in 2021), 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 from November 7, 2021 to December 31, 2025. 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. The interest income of current bonds obtained by non resident enterprises such as qualified foreign institutional investors (including QFII and rqfii) (the meaning is the same as the enterprise income tax law of the people’s Republic of China) holding current bonds shall be implemented in accordance with the tax policies.
7、 Relevant institutions and contact methods
1. Issuer: Bank Of Shanghai Co.Ltd(601229)
Office address: No. 168, Yincheng Middle Road, China (Shanghai) pilot Free Trade Zone
Contact Department: Office of the board of directors
Tel: 021-68476988
Fax: 021-68476215
2. Sponsor (lead underwriter) and bond trustee: Guotai Junan Securities Co.Ltd(601211) office address: 36 / F, No. 669, Xinzha Road, Jing’an District, Shanghai
Tel: 021-38676888
Fax: 021-38909062
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.
Bank Of Shanghai Co.Ltd(601229) board of directors January 19, 2022
