Changshu Bank announces 2025 interest payment for convertible bonds

Jiangsu Changshu Rural Commercial Bank has announced the interest payment details for its "Changyin Convertible Bonds" for 2025. The interest payment will cover the period from September 15, 2024, to September 14, 2025. The coupon rate for this period is 0.70% (including tax), resulting in an interest payment of 0.70 yuan per 100 yuan face value bond.

Key dates for the interest payment are: the record date for bondholder rights is September 12, 2025; the interest-ex date is September 15, 2025; and the interest payment date is September 15, 2025. The payment will be made to all "Changyin Convertible Bond" holders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of business on September 12, 2025. The bank will remit the funds to CSDC Shanghai Branch two trading days prior to the payment date, and CSDC Shanghai Branch will then distribute the interest to the relevant payment institutions.

Individual investors (including securities investment funds) will be subject to a 20% individual income tax on their interest income, meaning they will actually receive 0.56 yuan per bond after tax. Resident enterprises holding the bonds are responsible for self-declaration and payment of enterprise income tax. Non-resident enterprises (including QFII and RQFII) are temporarily exempt from enterprise income tax and value-added tax on bond interest income earned in the Chinese domestic bond market for this period, receiving 0.70 yuan per bond.