000069SZSE

Shenzhen Overseas Chinese Town Co., Ltd. Announcement on the Adjustment of Interest Rate and Implementation of Redemption for "21 Qiaocheng 06" Bonds

Shenzhen Overseas Chinese Town Co., Ltd.··5 pages

✨ AI Summary

This announcement informs investors of a 100 basis point reduction in the interest rate of the "21 Qiaocheng 06" bonds, now set at 2.95% for the last two years of the bond's term. Investors have the option to redeem their bonds at face value during the registration period from February 25 to March 3, 2026. The redemption price is RMB 100 per bond, excluding interest, with funds to be credited by April 7, 2026.

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Full Translation

AI Translation· azure_openai

Important Notice:

  1. Interest Rate Adjustment: According to the provisions of the "Shenzhen Overseas Chinese Town Co., Ltd. 2021 Public Issuance of Corporate Bonds (Phase III) for Qualified Investors" (hereinafter referred to as the "Prospectus"), the company, as the issuer of "21 Qiaocheng 06" (bond code: 149439.SZ), has the right to adjust the interest rate at the end of the fifth year of the bond's term. Based on current market conditions, the company has decided to lower the interest rate by 100 basis points, making the interest rate for the last two years of the bond's term 2.95%.

  2. Investor Redemption Option: According to the redemption option set in the Prospectus, investors have the right to register for redemption of all or part of their bonds at face value during the redemption registration period or choose to continue holding the bonds.

  3. Registration for Redemption: Investors wishing to redeem all or part of their bonds must register during the redemption registration period; failure to register will be deemed as a decision to continue holding the bonds.

  4. Redemption Price: RMB 100 per bond (excluding interest). Choosing to redeem is equivalent to selling the "21 Qiaocheng 06" bonds at RMB 100 per bond (excluding interest). Investors should be aware that redemption may incur losses and should pay attention to risks.

  5. Redemption Registration Period: From February 25, 2026, to March 3, 2026 (only on trading days).

  6. Redemption Fund Payment Date: April 7, 2026.

  7. Irrevocability of Redemption Application: The redemption application cannot be revoked.

  8. No Resale of Redeemed Bonds: The issuer intends not to resell the redeemed bonds. Whether or not to resell will be subject to the announcement of the redemption results.

To ensure the smooth execution of the investor redemption option, the following matters are announced:

I. Adjustment of Bond Interest Rate

The interest rate for the bonds during the first five years of the term (from April 7, 2021, to April 6, 2026) is 3.95%; at the end of the fifth year, the issuer has chosen to lower the interest rate for the last two years of the bond's term (from April 7, 2026, to April 6, 2028) to 2.95%. The bonds will accrue interest annually using simple interest, with no compound interest. The interest payment schedule before the adjustment is as follows:

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