Yellow River Cyclone Company Bond Principal Payment and Delisting Announcement

Stock code: 600172 Securities abbreviation: Yellow River Cyclone Announcement No.: Pro 2017-037
Bond Code: 122180 Bond Abbreviation: 12 Whirlwind Debt

Henan Huanghe Cyclone Co., Ltd. 2012 corporate bond principal and interest payment and delisting announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint responsibility for the truthfulness, accuracy and completeness of the contents.

Important Contents Tips for Redemption of Creditor Registration Date: August 18, 2017 Bond Suspension Start Date: August 21, 2017 Redemption Fund Release Date: August 23, 2017 Delisting Day: August 23, 2017 Henan Yellow River Cyclone Shares Ltd. (hereinafter referred to as "issuer", "company" or "Yellow River Cyclone") issued on August 23, 2012, Henan Huanghe Cyclone Co., Ltd. 2012 corporate bonds (hereinafter referred to as "current bonds") will be 2017 On August 23, 2013, the interest and principal for the last year will be paid from August 23, 2016 to August 22, 2017. In order to ensure the smooth progress of the principal and interest payment and delisting of the bonds, the relevant matters are announced as follows:

I. Basic situation of the current bond
1. Bond Name: Henan Huanghe Cyclone Co., Ltd. 2012 Corporate Bond
2, the bond abbreviation: 12 whirlwind debt
3. Bond code: 122180
4. Total issuance: RMB 700 million
5. Bond variety and maturity: The current bond is a 5-year fixed-rate bond. At the end of the third year, the issuer raises the coupon rate option and the investor's option to sell back.
6. Approval of the issuance of bonds and the number of the documents: by the China Securities Regulatory Commission, "Public Supervision and Approval [2012] No. 1008"
Approved.
7. Bond interest rate: The coupon rate of the current bond is 6.28%, and the coupon rate for the three years before the bond's duration is fixed. At the end of the third year of the current bond period, if the issuer exercises the option to increase the coupon rate, the coupon rate of the non-returned part of the bond for the two years after the bond's duration is the three-year coupon rate plus the previous year. The base point is fixed at 2 years after the bond's duration; if the company does not exercise the option to raise the coupon rate, the coupons that have not been sold back will remain unchanged at the original coupon rate for 2 years after the bond's duration. The bonds are subject to a single interest year-on-year interest rate, excluding interest payments, and no interest is charged overdue.
8. Interest rate increase option: The issuer has the right to decide the coupon rate for the two years after the current bond is raised at the end of the third year of the current bond period, with an adjustment range of 1 to 100 basis points (including the number), including 1 basis point. It is 0.01%. At the end of the third year of the current bond term, the issuer decided not to raise the coupon rate of the current bond, that is, the coupon rate for the two years after the current bond duration is 6.28% and is fixed.
9. Resale clause: After the issuer issues a notice on whether to raise the coupon rate and the increase rate of the current bond, the investor has the right to choose to register during the repurchase registration period of the third interest-bearing year of the current bond. The bonds held in the current period are sold back to the company in whole or in part at face value or choose to continue to hold the bonds. The third interest-bearing annual interest payment date of the current bond is the resale payment date. The company will complete the resale payment work in accordance with the relevant business rules of the exchange and the bond registration agency. The investors choose to hold all the current bonds or If part of the sale to the company is made, it shall be registered within 5 trading days from the date of the announcement of whether the company raises the coupon rate and the increase rate of the current bond; if the investor fails to register, it shall be deemed to continue to hold the current period. The bond is subject to the above increase.
10. Value date: August 23, 2012
11. Interest payment date: August 23, 2013 to 2017 is the interest payment date of the previous interest-bearing year (in the case of legal holidays or rest days, it will be postponed to the first working day thereafter). If the investor chooses to sell back, then from August 2013 to August 2015, the annual interest payment date of the interest-bearing year of some of the bonds will be resold (in case of legal holidays or rest days, it will be postponed to the first one) Business days).
12. Due Date: The maturity date of the current bond is August 23, 2017.
13. Redemption Date: The maturity date of the current bond is August 23, 2017 (in case of statutory and government-designated holidays or rest days, it will be postponed to the first working day thereafter), the principal will be paid and the final payment will be made. One interest.
14. Credit rating: According to China Chengxin Securities Evaluation Co., Ltd., the company's operation and financial situation since 2016 has been tracked and analyzed, maintaining the issuer's long-term credit rating of AA, the rating outlook is stable, and maintaining the “12 whirlwind debt” credit rating. AA, tracking time is June 2, 2017.
15. Listing place: The listing place of the bonds is the Shanghai Stock Exchange.
16. Bond trustee: Guohai Securities Co., Ltd.
17. Declaration, custody, entrustment of bond dividends and redemption institutions: China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as “China Securities Board Shanghai Branch”)

Second, the current bond principal and interest redemption plan According to the "Henan Yellow River Cyclone Co., Ltd. 2012 corporate bond coupon rate announcement", the coupon rate of the current bond is 6.28%. On July 18, 2015, the company issued the “Announcement of Henan Huanghe Cyclone Co., Ltd. on the “12 Cyclone Debt” corporate bond resale” and decided not to raise the coupon rate of the current bond. To this end, the current issue of the "12 whirlwind debt" (face value of 1,000 yuan) distributed interest of 62.8 yuan (including tax), the redemption of the principal amount of 1,000 yuan. The total principal amount paid this time is 700 million yuan.

3. Redemption of creditor registration date and redemption date
1. Redemption of creditor registration date: August 18, 2017
2. Bond suspension start date: August 21, 2017
3. Redemption fund issuance date: August 23, 2017
4. Delisting date: August 23, 2017

IV. Redemption The object of this redemption is the total of 12 registered in the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. ("Zhongzheng Shanghai Branch") after the closing of the Shanghai Stock Exchange on August 18, 2017. Whirlwind debt holder.

V. Redemption and payment method
1. The company has signed the “Consignment of Entrusted Bonds and Redemption Agreement” with CSI Shanghai Branch, and entrusted CSI to Shanghai Branch to carry out bond redemption and interest. The company will transfer the principal and interest of the bonds of the current year to the bank account designated by CSI Shanghai Branch at the latest on the second trading day before the redemption date of the current year. If the company fails to pay the bonds in full and on time, and the funds are transferred to the bank account designated by Shanghai Branch, the CSI Shanghai branch will terminate the entrusted bond payment and interest service according to the agreement, and subsequently pay, The company is responsible for the work of the interest rate. The relevant implementation matters are subject to the announcement of the company.
2. After receiving the payment, CSI Shanghai Branch will transfer the bond interest to the corresponding redemption institution (the securities company or other institution approved by Shanghai Stock Exchange Shanghai Branch) through the fund settlement system, and the investor will receive it at the redemption institution. Bond principal and interest.

6. Explanation on the investor's interest income tax on corporate bonds
1. According to the "Personal Income Tax Law of the People's Republic of China" and other relevant regulations, the individual investors of the current period should pay the personal interest income tax on corporate bonds, and the tax rate is 20% of the interest amount, and each "12 whirlwind debt" (face value renminbi) 1,000 yuan) The actual interest paid is RMB 62.80 (including tax). After the tax deduction, the individual bondholders actually pay interest of RMB 50.24 per 1,000 yuan. In accordance with the "Notice of the State Administration of Taxation on Strengthening the Collection and Payment of Corporate Income Taxes on Individual Income Taxes" (Guo Shui Han [2003] No. 612), the interest income of individual bonds in this period is uniformly held by each interest rate network. Individuals (including securities investment funds) are responsible for withholding and paying when paying interest. If each of the interest-paying outlets fails to fulfill the withholding obligation of the above-mentioned bond interest personal income tax, the resulting legal liability shall be borne by each interest-paying network.
2. According to the “Enterprise Income Tax Law of the People's Republic of China” and other relevant regulations, the bondholders of the resident enterprises holding “12 whirlwind debts” shall pay their own bond interest. The actual interest paid on each of the "12 Cyclone Debts" (with a face value of RMB 1,000) is RMB 62.80 (including tax).
3. According to the Circular of the State Administration of Taxation on the Relevant Issues Concerning the Payment of Dividends, Dividends, Interests withholding and Payment of Enterprise Income Tax by Chinese Resident Enterprises to QFII (Guo Shui Han [2009] No. 47), and the Interim Holdings of Non-resident Enterprise Income Tax Sources The Administrative Measures (Guo Shui Han [2009] No. 3) stipulates that the interest of the issuer's current bond obtained by a non-resident enterprise shall be subject to a 10% corporate income tax, and the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. will be subject to a 10% tax rate. Withholding the above-mentioned corporate income tax for non-resident enterprises, the interest on the bond tax is distributed to the non-resident enterprise, and the tax is returned to the bond issuer, and then the bond issuer pays the local tax department.

7. Relevant institutions and contact methods
1. Issuer Name: Henan Huanghe Cyclone Co., Ltd. Legal Representative: Qiao Qiusheng Residence: No. 200, Renmin Road, Changge City, Henan Province Contact: Mei Xue Telephone Fax

2. Sponsor/bond trustee/bond listing recommender:
Name: Guohai Securities Co., Ltd. Legal Representative: He Chunmei Residence: Guohai Building, No. 46, Binhu Road, Nanning, Guangxi Zhuang Autonomous Region Contact: Fang Baozhu Telephone

3. Custodian: China Securities Depository and Clearing Co., Ltd. Shanghai Branch Address: 3F, China Insurance Building, No.166 Lujiazui East Road, Shanghai Contact: Xu Wei Telephone Fax Postcode: 200120
Special announcement.

Henan Huanghe Cyclone Co., Ltd.

August 11, 2017