Suzhou HYC technology announces 2025 convertible bond interest payment

Suzhou HYC Technology Co., Ltd. will issue an interest payment for its convertible corporate bonds for the period from November 29, 2024, to November 28, 2025. The interest payment date is December 1, 2025, and the record date is November 28, 2025. The annual coupon rate for this fourth year of issuance is 1.50% (tax inclusive), resulting in a payment of 1.50 yuan per hundred yuan of face value.

The total issuance of these convertible bonds amounted to 800 million yuan, comprising 8 million bonds, each with a face value of 100 yuan. The bonds began trading on the Shanghai Stock Exchange on December 20, 2021, and have a six-year term, maturing on November 28, 2027.

For individual investors, a 20% personal income tax will be withheld from the interest, leading to an actual payout of 1.20 yuan per hundred yuan after tax. Qualified foreign institutional investors (QFII) and Renminbi qualified foreign institutional investors (RQFII) are exempt from corporate income tax and value-added tax on the interest income until December 31, 2025.