China Merchants Shekou announces bond delisting and interest payments

China Merchants Shekou Industrial Zone Holdings has announced the payment of principal and interest for its "22 Shekou 05" corporate bonds (bond code: 148107) and interest for its "22 Shekou 06" corporate bonds (bond code: 148108). The "22 Shekou 05" bonds, issued in 2022 to professional investors, will be delisted following their maturity.

The "22 Shekou 05" bonds, with an issue size of RMB 40 bn and a coupon rate of 2.60%, will have their principal and interest paid on October 28, 2025. Individual and mutual fund investors will receive RMB 20.80 per 1,000 face value, while non-resident enterprises (including QFII and RQFII) will receive RMB 26.00, due to a temporary exemption from corporate income tax and VAT until December 31, 2025. The "22 Shekou 06" bonds, with an issue size of RMB 10 bn and a coupon rate of 3.12%, will pay interest on October 28, 2025. Individual and mutual fund investors will receive RMB 24.96 per 1,000 face value, while non-resident enterprises will receive RMB 31.20.

The bond registration date for both payments is October 27, 2025. Both sets of bonds are unsecured and received an AAA credit rating from United Credit Ratings Co., Ltd., with a stable outlook. China Securities Co., Ltd. is the lead underwriter and bond trustee for both issues, with China Securities Depository and Clearing Corporation Limited (Shenzhen Branch) handling the registration and payment.