Stock code: 600795 Stock abbreviation: GDPD No.: L. 2015-32
Bond code: 122151 Bond abbreviation: 12 GD 01
Bond code: 122152 Bond abbreviation: 12 GD 02
Bond code: 122165 Bond abbreviation: 12 GD 03
Bond code: 122166 Bond abbreviation: 12 GD 04
Bond code: 122324 Bond abbreviation: 14 GD 01
GD Power Development Co., Ltd. Announcement on 2015 Interests Payment of 2012 Corporate Bonds (First Tranche)
The Board of Directors and all directors of the Board of our company hereby guarantee that all contents in the Announcement shall include no falsified description, misleading statement of major omission and shall assume the joint and several liabilities for the authenticity, accuracy and completeness of the contents.
Whereas, it is hereby notified that:
Hints about important contents:
Registration date of creditor's rights: June 12, 2015
Payment date of bond interest: June 15, 2015
For 2012 corporate bonds (first tranche) of GD Power Development Co., Ltd. issued by GD Power Development Co., Ltd. on June 15, 2012 (hereinafter referred to as “the current bond”), interests incurred between June 15, 2014 and June 14, 2015 (hereinafter referred to as “this year”) are paid since June 15, 2015. In accordance with the Prospectus for 2012 Corporate Bonds (First Tranche) of GD Power Development Co., Ltd., relevant matters are publicized as follows:
I. Basic conditions of the current bond
1. Name of Bond: 2012 Corporate Bond (first tranche) of GD Power Development Co., Ltd.
2. Abbreviation and code of bond: the current bond is divided into two varieties according to different periods. Bond with 5-year fixed interest rate is “12 GD 01” (122151); bond with 7-year fixed interest rate is “12 GD 02” (122152).
3. Issuing Corporate: GD Power Development Co., Ltd.
4. Issuing scale, term and interest rate: coupon rate of 5-year variety in the current bond is 4.35% and its issuing scale is CNY3 Billion; coupon rate of 7-year variety in the current bond is 4.75% and its issuing scale is CNY1 Billion.
5. Authority approving bonds issuance and document number: subject to regulatory approval of CSRC [2012] No. 756 document.
6. Form of bond: real-name book-entry corporate bonds.
7. Interest bearing term: interest bearing term of the first variety of the current bond, namely “12 GD 01”, and the second variety of the current bond, namely “12 GD 02”, is from June 15, 2012 to June 14, 2017 and from June 15, 2012 to June 14, 2019 respectively.
8. Interest payment date: interest payment date of the first variety of the current bond, namely “12 GD 01”, is June 15 every year from 2013 to 2017; interest payment date of the second variety of the current bond, namely “12 GD 02”, is June 15 every year from 2013 to 2019. If such day falls on legal holiday or rest day, it may be postponed to the following 1st business day.
9. Credit rating: it is assessed and evaluated by Dagong Global Credit Rating Co., Ltd. comprehensively that credit ratings of company subject and the current bondare both AAA.
10. Listing time and place: the current bond is listed for transactions at Shanghai Stock Exchange on July 9, 2012.
11. Registration, trusteeship, entrustment of bond interest distribution and repayment institution: Shanghai Branch of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as the “CSDC Shanghai Branch”).
II. Interest payment program this time
In accordance with Public Announcement on Coupon Rate of 2012 Corporate Bonds (First Tranche) of GD Power Development Co., Ltd., coupon rate of 5-year variety and 7-year variety in the current bond is 4.35% and 4.75% respectively. Face value of each “12 GD 01” bond is CNY1,000 and interests distributed are CNY43.50 (tax included); face value of each “12 GD 02” bond is CNY1,000 and interests distributed are CNY47.50 (tax included).
III. Registration date of creditor’s right and interests payment rate this time
1.Registration date of creditor’s right this time: June 12, 2015.
2. Interests payment date this time: June 15, 2015.
IV. Interest payment object of the current bond
Interest payment objects this time are all the holders of “12 GD 01” and “12 GD 02” that are registered at the CSDC Shanghai Branch as at afternoon of June 12, 2015 when Shanghai Stock Exchange is closed.
V. Interest payment methods this time
1. The Company has concluded the Agreement on Entrusting Agency of Bond and Interest Repayment with CSDCShanghai Branch and entrusted CSDCShanghai Branch to perform bond and interests repayment. Where the Company fails to transfer the bond and interest repayment funds to bank account specified by CSDCShanghai Branch on time and in full in accordance with bond and interests repayment agreement, CSDCShanghai Branch will terminate entrusted agency of principal and interests repayment service in accordance with agreement and subsequent principal and interests repayment will be in the charge of the Company. Specific implementation matters are subject to public announcement of the Company. The Company shall, two (2) business days prior to interest payment date of this year, transfer the interests of bond this year to bank account designated by CSDCShanghai Branch in full.
2. Upon the receipt of funds, CSDCShanghai Branch will remit bond interests to corresponding repayment institutions (Securities Company or other institutions acknowledged by CSDCShanghai Branch) through fund settlement system and investors may receive bond interests at repayment institutions.
VI. Descriptions on the payment of income tax of bond interests
In accordance with Circular of the State Administration of Taxation on Strengthening the Work Relating to Withhold and Remit Tax of the Individual Income Tax from Interests of Enterprises Bond (G.S.H. [2003] No. 612), repayment institutions will be responsible for withholding and remitting personal income tax of bond interests of this period when paying interests to individuals holding bonds. Where repayment institutions fail to perform the obligations of withhold and remit tax of personal income tax of the said bond interests, legal responsibilities resulting therefrom shall be borne by repayment institutions. Instructions about collection and payment of personal income tax of bond interests of this period are described in the following:
1. Tax payer: individual investor of the current bond;
2. Object of taxation: interest income of the current bond;
3. Tax rate: 20% of interest amounts;
4. Collection link: personal income tax will be deducted by repayment institutions in full when individual investors receive interests at repayment institutions;
5.Obligor of withhold and remit tax: repayment institutions responsible for interests payment of the current bond. In accordance with Enterprise Income Tax Law of the People’s Republic of China and its implementation rules andInterim Measures for the Administration of Source-based Withholding of Enterprise Income Tax on Non-resident Enterprises (G.S.F. [2009] No. 3), 10% of enterprise income tax shall be paid by non-resident enterprises, such as qualified foreign institutional investor, for interests of “12 GD 01” and “12 GD 02” bonds. Shanghai Branch of China Securities Depository and Clearing Corporation Limited will, based on tax rate of 10%, withhold the said enterprise income tax of related non-resident enterprises, distribute after-tax interests of bonds to non-resident enterprises and then return tax amounts to the Company. The Company will pay such amounts to local tax department.
VII. Related institutions of interest payment of the current bond
- Issuer: GD Power Development Co., Ltd.
Office Address: Building 19, Anyuan, Anhuibeili, Chaoyang District, Beijing
Legal Representative: Chen Feihu
Contacts: Gao Zhenli, Xue Yuan
Tel.: 010-58685106, 010-58685108
Fax: 010-64829902
2. Sponsor and joint lead underwriter: China Merchants Securities Co., Ltd.
Registered Address: F38-F45, Building A, Jiangsu Mansion, Yitian Road, Futian District, Shenzhen
Legal Representative: Gong Shaolin
Contacts: Xiao Huaming
Tel.: 021-68407683
Fax: 021-68407987
P.C.: 200122
3. Joint lead underwriter: UBS Securities Co., Ltd.
Address: F12 and F15, Yinglan International Finance Centre, No. 7, Jinrong Street, Xicheng District, Beijing
Legal Representative: Liu Hong
Tel.: 010-58328888
Fax: 010-58328954
Joint lead underwriter: Great Wall Securities Co., Ltd.
Address: F9, Yangguang Mansion, No. 112, Xizhimenwai Street, Xicheng District, Beijing
Legal Representative: Huang Yaohua
Tel.: 010-88366060
Fax: 010-88366650
4. Trustee: Shanghai Branch of China Securities Depository and Clearing Corporation Limited
Address: China Insurance Building, No. 166, Lujiazui East Road, Shanghai
Contacts: Xu Ying
Tel.: 021-68870114
P.C.: 200120
GD Power Development Co., Ltd.
June 9, 2015
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