Xingfa sets 2025 interest payment for convertible bonds

Hubei Xingfa Chemicals Group Co., Ltd. has announced the 2025 interest payment for its "Xingfa Convertible Bonds." The interest will be paid on September 22, 2025, covering the period from September 22, 2024, to September 21, 2025. The interest registration date is September 19, 2025, with the ex-dividend date also on September 22, 2025.

The third-year interest rate is 1.0% (including tax), resulting in an interest payment of CNY 1.00 per CNY 100.00 face value bond. Individual investors are subject to a 20% income tax, receiving CNY 0.80 after tax. Resident enterprises will receive CNY 1.00 and are responsible for their own tax payments.

Qualified foreign institutional investors and RMB qualified foreign institutional investors are exempt from enterprise income tax and value-added tax on this bond interest until December 31, 2025, receiving CNY 1.00 per bond. The total issuance amount for these bonds is CNY 2.8bn.