Securities code: 600908 securities abbreviation: Wuxi Rural Commercial Bank Co.Ltd(600908) Announcement No.: 2022-004 convertible bond Code: 110043 convertible bond abbreviation: Wuxi convertible bond
Wuxi Rural Commercial Bank Co.Ltd(600908)
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 28, 2022
Ex dividend date of convertible bonds: February 7, 2022
Issuing date of convertible bond interest conversion: February 7, 2022
Wuxi Rural Commercial Bank Co.Ltd(600908) (hereinafter referred to as “the company”) publicly issued 3 billion yuan of convertible corporate bonds (hereinafter referred to as “convertible bonds”) on January 30, 2018, and will pay interest from January 30, 2021 to January 29, 2022 on February 7, 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: Wuxi Rural Commercial Bank Co.Ltd(600908) A-share convertible corporate bonds.
2. Bond abbreviation: Wuxi convertible bond.
3. Bond Code: 110043.
4. Securities type: convertible bonds convertible into A-Shares of the company.
5. Listing place of convertible bonds: Shanghai Stock Exchange.
6. Listing time of convertible bonds: March 14, 2018.
7. Issuance scale: 3 billion yuan.
8. Number of copies issued: 30 million.
9. Bond term: 6 years from the date of issuance (January 30, 2018 to January 30, 2024).
10. Starting and ending date of share conversion: August 6, 2018 to January 30, 2024.
11. Coupon rate: 0.30% in the first year, 0.50% in the second year, 0.80% in the third year, 1.00% in the fourth year, 1.30% in the fifth year and 1.80% in the sixth year.
12. Interest payment date of convertible bonds: 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. During the extended period, the interest payment shall not be calculated separately. Every two adjacent interest payment days is an interest year.
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 bank will pay the interest of the current year within five trading days after the interest payment date of each year. For convertible bonds that apply for conversion into A-share shares of the bank before the registration date of interest payment creditor’s rights (including the registration date of interest payment creditor’s rights), the bank will no longer pay interest to its holders in this interest bearing year and subsequent interest bearing years.
The tax payable on the interest income obtained by the holders of convertible bonds shall be borne by the holders.
13. Latest conversion price: 5.61 yuan / share.
14. Credit rating agency: United credit rating Co., Ltd.
Credit rating of convertible bonds: AA +.
15. Guarantee: no guarantee is provided for the convertible bonds issued this time.
16. 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 1.00% (tax included), that is, the interest paid for each convertible bond with a face value of 100 yuan is 1.00 yuan (tax included).
3、 Interest payment creditor’s right registration date and interest payment date
Registration date of interest payment creditor’s rights of convertible bonds: January 28, 2022.
Ex dividend date of convertible bonds: February 7, 2022.
Issuing date of convertible bond interest conversion: February 7, 2022.
4、 Interest payment object
The object of this interest payment is all holders of “Wuxi convertible bonds” registered with China Clearing Shanghai branch after the closing of Shanghai Stock Exchange on January 28, 2022.
5、 Interest payment method
The company has signed the agreement on entrusted agency bond cashing and interest conversion with CSDCC Shanghai branch to entrust CSDCC Shanghai branch to exchange bond interest. The company will transfer the bond interest conversion funds to the bank account designated by CSDCC Shanghai Branch on time and in full.
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 laws, regulations and documents, individual investors in convertible bonds of the company (including securities investment funds) shall pay individual income tax on bond interest income, and 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 1.00 yuan (before tax), The actual distribution interest is RMB 0.80 (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 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).
3. 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), 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 from November 7, 2018 to November 6, 2021. According to the announcement on the continuation of enterprise income tax and value-added tax policies for overseas institutions to invest in the domestic bond market (Announcement No. 34 of the Ministry of Finance and the State Administration of Taxation, 2021), 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.
7、 Relevant institutions and contact methods
1. Issuer: Wuxi Rural Commercial Bank Co.Ltd(600908)
Office address: No. 9, financial Second Street, Binhu District, Wuxi
Contact: Li Jianhua
Tel.: 0510-82830815
Fax: 0510-82830815
2. Sponsor: Huatai United Securities Co., Ltd
Office address: 8 / F, block a, insurance building The Pacific Securities Co.Ltd(601099) No. 28, Fengsheng Hutong, Xicheng District, Beijing
Contact: sun zexia, sun Xuan
Tel: 010-56839300 Fax: 010-568394003. Custodian: China Securities Depository and Clearing Co., Ltd. Shanghai branch office address: No. 188, Yanggao South Road, Pudong New Area, Shanghai Tel: 4008058058 this announcement is hereby made.
Wuxi Rural Commercial Bank Co.Ltd(600908) board of directors January 24, 2022
