Hangzhou First Applied Material announces Fu 22 convertible bond interest payment

Hangzhou First Applied Material Co., Ltd. announced the upcoming interest payment for its "Fu 22 convertible bond." The payment covers the period from November 22, 2024, to November 21, 2025, with an annual coupon rate of 0.40% (including tax). This translates to an interest payment of 0.40 yuan per bond with a face value of 100 yuan.

The key dates for this payment are: the interest payment record date is November 21, 2025, the ex-interest date is November 24, 2025, and the interest payment date is also November 24, 2025. Due to November 22, 2025, being a weekend, the payment date has been postponed to November 24, 2025, without additional interest for the delay.

Individual investors holding the Fu 22 convertible bond are subject to a 20% personal income tax on interest income, resulting in a net payout of 0.32 yuan per bond (after tax). Resident enterprise investors will self-declare and pay taxes on the 0.40 yuan interest per bond. Qualified foreign institutional investors (QFII/RQFII) and other non-resident enterprises are temporarily exempt from enterprise income tax on bond interest income until December 31, 2025, meaning they will receive 0.40 yuan per bond (tax-free).