Jingxing Paper announces 2025 convertible bond interest payment

Zhejiang Jingxing Paper Joint Stock Company announced the upcoming interest payment for its convertible corporate bonds, "Jingxing Convertibles" (code: 128130). Bondholders will receive their fifth-year interest on September 1, 2025. For every 10 "Jingxing Convertibles" (par value CNY 1,000), the interest payment will be CNY 18.00 (tax inclusive), based on a fifth-year coupon rate of 1.80%.

The ex-dividend and payment dates are both September 1, 2025, with the record date for entitlement set for August 29, 2025. Individual investors and securities investment funds will have a 20% income tax withheld, resulting in a net payment of CNY 14.40 per 10 bonds. Qualified Foreign Institutional Investors (QFII) and RMB Qualified Foreign Institutional Investors (RQFII) are exempt from corporate income tax and value-added tax, receiving the full CNY 18.00 per 10 bonds. Other bondholders are responsible for self-paying their interest income tax.

The total issuance amount for "Jingxing Convertibles" is CNY 1.28 bn, comprising 12.80 million bonds. The bonds were listed on the Shenzhen Stock Exchange on September 18, 2020. This interest payment covers the period from August 31, 2024, to August 30, 2025.