Core Viewpoint - Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. has announced the activation of the additional repurchase clause for its convertible bonds due to the termination of certain fundraising investment projects and the decision to permanently supplement remaining funds into working capital [1][2] Summary by Sections Repurchase Clause Overview - The repurchase clause was activated following the approval of the termination of the "Environmental Integrated Stove Industrial Park (Phase II)" and "Brand Construction and Promotion Project" at the shareholder meeting held on July 31, 2025 [1][2] - The company is required to grant bondholders the right to repurchase their convertible bonds within twenty trading days after the shareholder meeting approval [2] Repurchase Price - The repurchase price for the "Yitian Convertible Bonds" is calculated to be 100.314 yuan per bond, which includes interest and tax [3] - After tax deductions, individual investors will receive 100.251 yuan per bond, while qualified foreign institutional investors will receive the full 100.314 yuan [4] Repurchase Procedure and Payment Method - The repurchase announcement will be made at least three times, including once within five trading days after the shareholder meeting resolution [5] - The repurchase application period is from August 7, 2025, to August 13, 2025, during which bondholders can submit their repurchase requests [5] - The payment for the repurchased bonds will be processed through the China Securities Depository and Clearing Corporation, with funds expected to be credited to investors by August 19, 2025 [5]

| 证券代码：300911 | 证券简称：亿田智能 | 公告编号：2025-070 | | --- | --- | --- | | 债券代码：123235 | 债券简称：亿田转债 | | 浙江亿田智能厨电股份有限公司 关于"亿田转债"回售的第二次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、回售价格：100.314 元人民币/张（含息、税） 2、回售期申报期：2025 年 8 月 7 日起至 2025 年 8 月 13 日 8、风险提示：投资者选择回售等同于以人民币 100.314 元/张（含息、税） 卖出持有的"亿田转债"。截至本公告披露日的前一个交易日，"亿田转债"的 收盘价高于本次回售价格。投资者选择回售可能会带来损失，敬请投资者注意风 险。 浙江亿田智能厨电股份有限公司（以下简称"公司"）于 2025 年 7 月 31 日 召开了 2025 年第三次临时股东大会及"亿田转债"2025 年第一次债券持有人会 议，会议审议通过了《关于终止募集资金投资项目并将剩余募集资金永久补充流 动资金的议案》，具体内容详见公司在巨潮资讯网（ ...

Core Viewpoint - Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. plans to terminate its convertible bond fundraising projects and permanently supplement remaining funds into working capital due to adverse market conditions affecting the integrated stove market [2][3][4]. Group 1: Company Announcement - The company has decided to terminate the "Environmental Integrated Stove Industrial Park (Phase II)" and "Brand Construction and Promotion Project" due to ongoing adjustments in the real estate market and declining consumer confidence [2][3]. - The remaining raised funds, approximately 496 million yuan, will be redirected to support daily operations and business development [3][4]. - The decision was approved by the company's board, supervisory board, and shareholders' meeting [2][3]. Group 2: Financial Status - As of June 30, 2025, the company had utilized 515 million yuan of the raised funds, leaving a remaining balance of 32 million yuan [3]. - The company’s convertible bond balance as of August 1, 2025, is 450 million yuan, with a conversion price of 21.31 yuan per share [3][4]. Group 3: Credit Rating - The credit rating agency maintains the company's credit rating at AA- with a stable outlook, reflecting the company's current financial and operational status [4][5]. - The agency will continue to monitor the company's operational and financial changes and their potential impact on credit ratings [4][5].

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】385 号 中证鹏元关于关注浙江亿田智能厨电股份有限公司 拟终止可转债募投项目并将剩余募集资金永久补充流动资 金事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对浙 江亿田智能厨电股份有限公司（以下简称"亿田智能"或公司，股票 代码：300911.SZ）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 | 债券简称 | 上一次评级时间 | 上一次评级结果 | | | | --- | --- | --- | --- | --- | | | | 主体等级 | 债项等级 | 评级展望 | | 亿田转债 | 2025.06.19 | AA- | AA- | 稳定 | 根据公司近日相关公告，公司拟终止"亿田转债"募投项目"环 保集成灶产业园（二期）项目"和"品牌建设与推广项目"的建设， 并将剩余募集资金永久补充流动资金，该事项已于 2025 年 7 月 15 日 经公司董事会和监事会会议审议通过，已于 2025 年 7 月 31 日经公司 股东大会和债券持有人会议审议 ...

Core Insights - The 2024 A-share market report indicates that the total salary for board secretaries in A-share listed companies reached 4.086 billion yuan, with an average annual salary of 700,000 yuan [1] - In the home appliance sector, 103 companies disclosed their board secretary information, with 9 being kitchen and bathroom appliance companies [1] Group 1: Age Structure of Board Secretaries - The average age of board secretaries in the kitchen and bathroom appliance sector is 43.11 years, with the highest proportion (44.4%) being in the 30-40 age group [2] - The age group of 40-50 years accounts for 33.3%, while those over 50 years make up 22.2% [2] Group 2: Tenure and Changes - The most common tenure for board secretaries is 3-5 years and 5-10 years, each accounting for 33.3%, followed by 1-3 years at 22.2%, and those with over 10 years at 11.1% [2] - There were two changes in board secretaries during the reporting period, with one leaving due to work adjustments and another due to job relocation [2] Group 3: Educational Background - The educational background of board secretaries shows a high level of education, with 77.8% holding a master's degree, while bachelor's and associate degrees account for 11.1% each [2] Group 4: Research Engagement - 55.6% of board secretaries in the kitchen and bathroom appliance sector received fewer than 10 research inquiries annually, while 22.2% received between 50-100 inquiries [2] Group 5: Salary Trends - The average annual salary for board secretaries in the kitchen and bathroom appliance sector is 680,300 yuan, with a median of 655,100 yuan, indicating a concentrated salary distribution [2] - Compared to 2023, the average salary decreased by 3.61%, and the median salary saw a more significant drop of 18.03% [2] - The highest-paid board secretary is Wang Gang from Boss Electric, earning 1.0052 million yuan, while the lowest is Ding Wei from Sunrise Oriental, with a salary of 300,000 yuan [2]

Core Insights - The report highlights the significant role of board secretaries in connecting investors and listed companies, with a total salary of 4.086 billion yuan for A-share board secretaries in 2024, averaging 754,300 yuan per year [1] Group 1: Salary and Compensation - In 2024, the average salary for board secretaries in the kitchen and bathroom appliance sector is 680,300 yuan, with a median of 655,100 yuan, indicating a concentrated salary distribution [10] - Approximately one-third (33.3%) of board secretaries earn over 1 million yuan annually, while 44.4% earn above the industry average [10] - The average salary for board secretaries with a master's degree is 740,700 yuan, significantly higher than those with bachelor's (283,300 yuan) and associate degrees (655,100 yuan) [10] - The average salary in the kitchen and bathroom appliance sector decreased by 3.61% compared to 2023, with the median salary dropping by 18.03% [10] Group 2: Demographics and Tenure - The average age of board secretaries in the kitchen and bathroom appliance sector is 43.11 years, with the largest age group (30-40 years) comprising 44.4% [1] - The tenure of board secretaries is predominantly between 3-5 years and 5-10 years, each accounting for 33.3% of the total [4] - The longest-serving board secretary is Wang Gang from Boss Electric, who has been in the role since 2008, totaling nearly 17 years [4] Group 3: Educational Background - A significant majority (77.8%) of board secretaries in the kitchen and bathroom appliance sector hold a master's degree, while only 11.1% have a bachelor's or associate degree [6] - The only board secretary with an associate degree is Mao Weiping from Mars, indicating a trend towards higher educational qualifications in this role [6] Group 4: Engagement and Activity - 55.6% of board secretaries conduct fewer than 10 investor meetings annually, while 22.2% engage in 50-100 meetings [8] - The highest number of meetings was conducted by Shen Haiping from Yitian Intelligent, with 103 meetings in a year, averaging one meeting every 2-3 working days [8]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the household appliance sector, 103 companies disclosed their secretaries' information, with 9 being in the kitchen and bathroom appliance segment [1] - The average age of kitchen and bathroom appliance company secretaries is 43.11 years, with the largest age group being 30-40 years at 44.4% [1][6] Salary Insights - The average annual salary for kitchen and bathroom appliance company secretaries is 680,300 yuan, with a median of 655,100 yuan, indicating a concentrated salary distribution [10] - Approximately one-third (33.3%) of secretaries earn over 1 million yuan annually, and 44.4% earn above the industry average [10] - The salary structure has seen a decrease compared to 2023, with an average salary drop of 3.61% and a median salary drop of 18.03% [10] Educational Background - The educational background of secretaries shows a high level of education, with 77.8% holding a master's degree, while only 11.1% have a bachelor's or associate degree [6][10] - The only secretary with an associate degree is Mao Weiping from Mars Company [6] Tenure and Age Distribution - The majority of secretaries have a tenure of 3-5 years and 5-10 years, each accounting for 33.3%, while those with over 10 years of service are the least at 11.1% [4] - The oldest secretary in the kitchen and bathroom appliance sector is Mao Weiping at 52 years, while the youngest is Wang Zhongjie, born in 1991, who is under 35 [2] Engagement and Interaction - 55.6% of secretaries conduct fewer than 10 investor meetings annually, while 22.2% have between 50-100 meetings [8] - The highest engagement recorded was by Shen Haiping from Yitian Intelligent, who conducted 103 meetings in a year [8]

Group 1 - The core viewpoint of the news is the performance and characteristics of Yitian Convertible Bonds, which have seen a decline in market value and provide specific financial metrics related to their terms and conditions [1] - Yitian Convertible Bonds are rated "AA-" with a maturity of 6 years, featuring a tiered interest rate structure starting from 0.30% in the first year to 2.50% in the sixth year [1] - The conversion price for the bonds is set at 21.31 yuan, with the conversion period beginning on June 27, 2024 [1] Group 2 - Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. was founded in 2003 and is located in Shengzhou, Zhejiang, focusing on high-end kitchen appliances and integrated kitchen solutions [2] - The company has received the highest quality award in Zhejiang Province and aims to create a healthy, open, and intelligent integrated kitchen for millions of families [2] - Recent financial data shows that for the first quarter of 2025, Yitian reported a revenue of 57.58 million yuan, a year-on-year decline of 54.59%, and a net profit of -42.6 million yuan, reflecting a significant drop of 1042.01% [2]

Core Viewpoint - Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. has decided to terminate the fundraising investment project and permanently supplement the remaining raised funds into working capital, as approved in recent board and shareholder meetings [1][2]. Group 1 - The company held its 20th board meeting and 13th supervisory meeting on July 15, 2025, and convened the third temporary shareholders' meeting on July 31, 2025, where the proposal to terminate the fundraising investment project was approved [1]. - The company has disclosed that the remaining funds will be used to supplement working capital, which indicates a strategic shift in financial management [1]. - According to relevant regulations, the company is required to grant convertible bondholders a repurchase right within twenty trading days after the shareholders' meeting approval [1]. Group 2 - The implementation of the repurchase right for the "Yitian Convertible Bonds" will result in a suspension of the conversion of bonds into shares for a period of five trading days, from August 7, 2025, to August 13, 2025 [2]. - Trading of the "Yitian Convertible Bonds" will continue normally during the suspension period, ensuring liquidity for bondholders [2]. - The conversion rights will be restored on August 14, 2025, following the suspension period [2].

| 证券代码：300911 | 证券简称：亿田智能 | 公告编号：2025-068 | | --- | --- | --- | | 债券代码：123235 | 债券简称：亿田转债 | | 浙江亿田智能厨电股份有限公司 关于"亿田转债"回售的第一次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、回售价格：100.314 元人民币/张（含息、税） 2、回售期申报期：2025 年 8 月 7 日起至 2025 年 8 月 13 日 3、发行人资金到账日：2025 年 8 月 18 日 4、回售款划拨日：2025 年 8 月 19 日 5、投资者回售款到账日：2025 年 8 月 20 日 6、回售申报期内"亿田转债"暂停转股 7、本次回售不具有强制性，亿田转债持有人有权选择是否进行回售 8、风险提示：投资者选择回售等同于以人民币 100.314 元/张（含息、税） 卖出持有的"亿田转债"。截至本公告披露日的前一个交易日，"亿田转债"的 收盘价高于本次回售价格。投资者选择回售可能会带来损失，敬请投资者注意风 险。 浙江亿田智能厨电股份有限公 ...