Summary of Key Points Core Viewpoint - The announcement details the conversion results of the "Zhonghe Convertible Bonds" into shares of Xinjiang Zhonghe Co., Ltd. for the third quarter of 2025, highlighting the total amount converted and the remaining unconverted bonds. Group 1: Cumulative Conversion Status - As of September 30, 2025, a total of 380,611,000 yuan of "Zhonghe Convertible Bonds" has been converted into 54,533,156 shares, representing 4.04% of the total shares outstanding before conversion as of December 31, 2023 [2][6]. Group 2: Unconverted Bonds - As of September 30, 2025, the amount of unconverted "Zhonghe Convertible Bonds" stands at 994,340,000 yuan, which accounts for 72.32% of the total issued convertible bonds [3][7]. Group 3: Quarterly Conversion Activity - From July 1, 2025, to September 30, 2025, only 5,000 yuan of "Zhonghe Convertible Bonds" was converted into 750 shares, which is negligible at 0.00% of the total shares outstanding before conversion as of December 31, 2023 [4][6]. Group 4: Convertible Bond Issuance Overview - The company issued 13.75 million convertible bonds on July 18, 2023, with a total value of 137,500,000 yuan, and these bonds began trading on August 14, 2023. The conversion period for these bonds is from January 24, 2024, to July 17, 2029 [5]. Group 5: Stock Option Plan Update - For the third quarter of 2025, there were no shares exercised under the 2021 stock option plan, with a total of 0 shares exercised, representing 0% of the total options available [12][15].

Group 1 - The company announced a change in registered capital and amendments to its articles of association following the first exercise period of the 2023 stock option incentive plan, increasing total shares from 125,050,244 to 125,479,333 and registered capital from RMB 125,050,244.00 to RMB 125,479,333.00 [1] - The amendments to the articles of association include changes to specific clauses regarding registered capital and the number of issued shares, which will be submitted for approval at the upcoming extraordinary general meeting [2] - The revised articles of association will be disclosed on the Shanghai Stock Exchange website after approval by the relevant registration authority [2] Group 2 - The company is also in the process of formulating and revising internal management systems, including regulations to prevent fund occupation by controlling shareholders and related parties, and rules for the trading of company shares by directors and senior management [4] - The updated internal management documents will be disclosed on the Shanghai Stock Exchange website simultaneously with the amendments to the articles of association [4]