China Power announces interest payment for convertible bonds

China Shipbuilding Industry Group Power Co., Ltd. (China Power) has announced the upcoming interest payment for its "动力定02" convertible corporate bonds. The interest payment will cover the period from September 9, 2024, to September 8, 2025, with a coupon rate of 1.8% (including tax) for this fifth year. Each bond, with a face value of 100 yuan, will pay an interest amount of 1.8 yuan.

The interest payment record date is set for September 8, 2025, with the ex-interest date and payment date both falling on September 9, 2025. All eligible holders of "动力定02" registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch by market close on September 8, 2025, will receive the payment. The total issued amount for these bonds is 1.5 billion yuan, comprising 15 million bonds.

Resident enterprises holding these bonds are responsible for self-paying their corporate income tax on the interest. Qualified foreign institutional investors and RMB qualified foreign institutional investors are exempt from corporate income tax on the interest. Individual investors, including securities investment funds, will have a 20% personal income tax withheld, resulting in a net payment of 1.44 yuan per 100 yuan bond.