Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion of the "Sailong Convertible Bonds" into shares, detailing the bond issuance, conversion status, and changes in share capital of Guangzhou Jusa Long Engineering Plastics Co., Ltd. Group 1: Convertible Bond Issuance - The company issued 2,500,000 convertible bonds with a face value of RMB 100 each, raising a total of RMB 250 million [1][2] - The bonds were listed on the Shenzhen Stock Exchange on July 29, 2024, under the code "123242" [2] - The conversion period for the bonds started on January 12, 2025, and will end on July 7, 2030 [2] Group 2: Conversion and Share Changes - As of June 30, 2025, a total of RMB 450,700 of the "Sailong Convertible Bonds" has been converted into 12,230 shares, representing 0.0256% of the total shares before conversion [3] - In the second quarter of 2025, RMB 52,000 of the bonds were converted into 1,410 shares [3] - The total number of shares increased from 47,790,820 to 47,792,230 due to the conversion, with the proportion of unrestricted shares remaining at 64.44% [4] Group 3: Bond Conversion Price - The initial conversion price of the bonds was RMB 36.81 per share, which has been adjusted to RMB 36.40 per share following the company's equity distribution [2]

Group 1 - The company has issued a total of 68 billion RMB in convertible bonds, with a maturity of 6 years, approved by the China Securities Regulatory Commission [1][2] - The convertible bonds, known as "BenGang Convertible Bonds," began trading on the Shenzhen Stock Exchange on August 4, 2020 [2] - The conversion period for the bonds is from January 4, 2021, to June 28, 2026 [2] Group 2 - As of June 30, 2025, the remaining balance of convertible bonds is 5,630,969,100 RMB, equivalent to 56,309,691 bonds [2] - The total number of shares increased from 4,108,231,952 to 4,108,232,205 due to the conversion of bonds, with a change of 253 shares [2]

Group 1 - The company issued 11.4 million convertible bonds on August 10, 2023, raising a total of RMB 1.14 billion, with a net amount of RMB 1.1329132 billion after deducting issuance costs [1] - The convertible bonds, named "Aoweizhuan," began trading on the Shanghai Stock Exchange on September 1, 2023 [2] - The initial conversion price for the bonds was set at RMB 180.90 per share, which was later adjusted to RMB 180.74 per share starting November 2, 2023 [2] Group 2 - As of June 30, 2025, a total of RMB 50,000 worth of bonds had been converted into 487 shares, representing 0.000154% of the company's total shares before conversion [4] - The total amount of unconverted bonds as of June 30, 2025, was RMB 1,139,950,000, accounting for 99.995614% of the total issuance [4] - The company's total share capital increased to 315,637,856 shares after the conversion and other adjustments [8]

Core Viewpoint - The conversion of convertible bonds into common shares by China Cinda Asset Management Co., Ltd. in Shanghai Pudong Development Bank significantly alleviates the bank's cash repayment pressure and enhances its core capital position, reflecting a trend of asset management companies (AMCs) acting as strategic investors in banks [1][3][4]. Group 1: Convertible Bond Conversion - As of June 30, 2025, a total of 11,788,617,000 yuan of Pudong Development Bank's convertible bonds have been converted into common shares, representing 3.1085% of the bank's total issued common shares [1]. - China Cinda acquired 117.85 million convertible bonds in just three days, becoming one of the top ten shareholders of Pudong Development Bank [2]. - Prior to China Cinda's intervention, only 144,000 yuan of Pudong convertible bonds had been converted, indicating a conversion rate of 0.0029% [3]. Group 2: Market Context and Implications - The recent strength in bank stock prices has increased the conversion value of convertible bonds, prompting AMCs to convert bonds into equity [5][7]. - The "Everbright Model," where AMCs convert bonds to alleviate banks' repayment pressures, has been successfully replicated, demonstrating a win-win situation for both parties [4][5]. - The conversion of convertible bonds into equity not only reduces financial costs for banks but also signals financial stability to investors, potentially attracting more investment [6][7]. Group 3: Financial Health and Future Outlook - The successful conversion of convertible bonds is crucial for banks to count these as core tier one capital, and failure to convert before maturity could lead to repayment obligations [3]. - Despite the positive developments, Pudong Development Bank still faces significant cash pressure, with a large portion of its convertible bonds remaining unconverted as the maturity date approaches [7].

Group 1 - The company announced the conversion situation of its convertible bonds for the second quarter of 2025, detailing the bond issuance and trading status [2][3][4] - The initial conversion price of the convertible bonds was set at 10.36 yuan per share, which was adjusted to 10.31 yuan due to a profit distribution plan, and further adjusted to 8.18 yuan and then to 8.12 yuan in subsequent adjustments [5][6][7] - As of June 30, 2025, the remaining amount of convertible bonds was 966,764,500 yuan, with a total of 9,667,645 bonds remaining after a conversion of 1,495 shares [7] Group 2 - The company has not engaged in any external guarantees outside of mutual guarantees among its consolidated subsidiaries, with no overdue guarantees or litigation-related guarantees reported [13][18] - The total guarantee balance among the company's subsidiaries exceeded 100% of the latest audited net assets, amounting to 556,452.91 million yuan, which is 280.88% of the net assets [18] - The company has signed guarantee contracts with financial institutions to support its subsidiaries' operational and liquidity needs, with a total guarantee limit not exceeding 650,000.00 million yuan [14][15]

Core Viewpoint - The announcement provides an update on the conversion of the "Shuangliang Convertible Bonds" into A-shares, detailing the cumulative conversion amounts and the remaining unconverted bonds as of June 30, 2025 [1][5]. Group 1: Convertible Bond Issuance Overview - The company issued 26 million convertible bonds on August 8, 2023, with a total fundraising amount of RMB 260 million and a maturity of six years [2]. - The initial conversion price was set at RMB 12.13 per share, which has been adjusted multiple times, with the latest price being RMB 6.18 per share [2][4]. Group 2: Conversion Status - As of June 30, 2025, a total of RMB 22,479,000 worth of "Shuangliang Convertible Bonds" has been converted into 3,107,381 shares, representing 0.1661% of the total shares before conversion [1][5]. - During the second quarter of 2025, from April 1 to June 30, RMB 5,000 worth of bonds were converted into 807 shares [5]. Group 3: Remaining Convertible Bonds - As of June 30, 2025, the amount of unconverted "Shuangliang Convertible Bonds" stands at RMB 2,577,521,000, which accounts for 99.1354% of the total issuance [1][5]. Group 4: Credit Rating Update - The company's credit rating has been downgraded from "AA" to "AA-" with a stable outlook, as per the latest tracking credit rating report issued on June 30, 2025 [10][12].

Core Viewpoint - The company has issued convertible bonds, which have entered the conversion period, with limited conversion activity observed so far [2][5]. Group 1: Convertible Bond Issuance Overview - The company issued 9.9 million convertible bonds with a total value of 990 million yuan, with a maturity of 6 years and a tiered interest rate starting from 0.30% in the first year to 2.00% in the sixth year [3]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shanghai Stock Exchange on November 15, 2024, under the name "Tianrun Convertible Bonds" [3]. Group 2: Conversion Status - As of June 30, 2025, a total of 115,000 yuan worth of "Tianrun Convertible Bonds" has been converted into 13,839 shares, representing 0.00432% of the company's total shares before conversion [2][5]. - The remaining unconverted amount of "Tianrun Convertible Bonds" is 989,885,000 yuan, accounting for 99.98838% of the total issuance [2][5]. Group 3: Conversion Price Adjustment - The initial conversion price was set at 8.30 yuan per share, which was adjusted to 8.28 yuan per share effective June 27, 2025, due to the company's annual equity distribution [4].

Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion results of the company's convertible bonds, indicating minimal conversion activity and outlining the current status of the bonds and their conversion price adjustments. Group 1: Convertible Bond Conversion Status - As of June 30, 2025, a total of RMB 106,000 of "Shanbo Convertible Bonds" has been converted into A-shares, resulting in 9,302 shares, which represents 0.0016% of the total shares before conversion [2][8] - The amount of unconverted convertible bonds as of June 30, 2025, is RMB 599,894,000, accounting for 99.9823% of the total issuance [2][8] - No convertible bonds were converted into A-shares during the period from April 1, 2025, to June 30, 2025, with a conversion quantity of 0 shares [2][8] Group 2: Convertible Bond Issuance Overview - The company issued 6,000,000 convertible bonds on November 8, 2021, with a total value of RMB 600,000,000, each with a face value of RMB 100 [3][4] - The bonds began trading on the Shanghai Stock Exchange on December 6, 2021, and the initial conversion price was set at RMB 13.91 per share [3][4] Group 3: Conversion Price Adjustments - The conversion price was adjusted to RMB 11.50 per share on May 10, 2022, due to the company's annual equity distribution [4] - Following the 2022 annual equity distribution, the conversion price was further adjusted to RMB 11.23 per share on May 25, 2023 [5] - The conversion price was adjusted to RMB 11.13 per share on June 26, 2023, due to the implementation of the 2022 restricted stock incentive plan [5] - The current conversion price stands at RMB 11.07 per share as of June 30, 2024 [7][6] Group 4: Share Buyback Progress - The company approved a share buyback plan on August 27, 2024, with a budget of RMB 50 million to RMB 100 million, at a maximum price of RMB 5.41 per share [12][14] - As of June 30, 2025, the company has repurchased 6,220,980 shares, representing 1.0182% of the total share capital, with a total expenditure of RMB 29,988,522.56 [14][15]

Group 1 - The company issued a total of 7,690,459 convertible bonds with a total value of 769.0459 million yuan, approved by the China Securities Regulatory Commission [1][2] - The initial conversion price of the bonds was set at 28.35 yuan per share, which was later adjusted to 28.30 yuan per share on May 24, 2023, and further adjustments are scheduled for future dates [4][5][7] - The conversion period for the bonds started on May 4, 2023, and will last until October 24, 2028 [1][3] Group 2 - As of June 30, 2025, the total amount of convertible bonds reduced due to conversion was 285.065 million yuan, with a total of 10,258,936 shares converted [8] - The remaining balance of convertible bonds as of June 30, 2025, is 483.9809 million yuan [8] - The company plans to hold annual shareholder meetings to approve profit distribution proposals, which will affect the conversion price of the bonds [6][7]

Group 1 - The company has converted a total of 372,055,000 yuan of "Songlin Convertible Bonds" into shares, resulting in 23,741,425 shares, which accounts for 5.9204% of the total shares before conversion [1][3] - As of June 30, 2025, the amount of "Songlin Convertible Bonds" that has not been converted is 237,945,000 yuan, representing 39.0074% of the total issuance [4] - During the second quarter of 2025, from April 1 to June 30, the conversion amount was 0 yuan, and no new shares were created from conversions [3] Group 2 - The company issued 6.1 million convertible bonds on July 20, 2022, with a total amount of 61,000,000 yuan and a maturity of 6 years [2][26] - The coupon rates for the bonds are structured to increase over the years, starting from 0.30% in the first year to 2.00% in the sixth year [2][26] - The current conversion price for the bonds is set at 15.41 yuan per share [2][26] Group 3 - The company has redeemed 60 million yuan of structured deposits and invested 45 million yuan of temporarily idle raised funds in cash management products [9][11] - The cash management aims to enhance the efficiency of idle funds while ensuring daily operational needs and safety [11][21] - The total amount of cash management investments represents 9.55% of the company's latest cash balance and 1.37% of its net assets [21][22] Group 4 - The company has the right to redeem the convertible bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [28][30] - As of July 1, 2025, the stock price has met the condition for potential redemption, with ten trading days above the threshold [30]