Group 1 - The controlling shareholder, Xiamen Jianpan Group Co., Ltd., has increased its stake in the company from 42.0280% to 43.0535% by acquiring 1,581,880 shares, representing 1.0255% of the total share capital from June 16, 2025, to September 15, 2025 [2][1] - The increase in shareholding does not trigger a mandatory tender offer and will not result in a change of control of the company [2][1] - The company will ensure that the controlling shareholder adheres to relevant regulations regarding share acquisition and timely information disclosure [2][1]

Group 1 - The company held its 23rd meeting of the 5th Board of Directors on August 27, 2025, with all 7 directors present, ensuring compliance with legal and regulatory requirements [1][2] - The Board approved the proposal regarding the 2025 semi-annual report and its summary, which was previously reviewed by the Audit Committee [1][2] - The Board also approved the special report on the storage and actual use of raised funds for the first half of 2025, with unanimous support from all directors [2]

Group 1 - The company will hold a half-year performance briefing on September 16, 2025, from 15:00 to 16:00 [1][2] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][4] - Investors can submit questions from September 9 to September 15, 2025, before 16:00 [3][4] Group 2 - Key personnel attending the briefing include the Chairman, independent directors, and the CFO [2] - The company aims to address common investor concerns regarding its operating results and financial indicators for the first half of 2025 [2][3] - Investors can access the briefing details and main content afterward on the Shanghai Stock Exchange Roadshow Center website [4]

Core Viewpoint - The company has decided not to adjust the conversion price of the "Jin 23 Convertible Bonds" despite triggering conditions being met, reflecting confidence in its future development and internal value assessment [2][7]. Summary by Sections Convertible Bond Basic Information - The company issued 7.7 billion yuan worth of convertible bonds on April 17, 2023, with a face value of 100 yuan each, and a maturity of 6 years. The interest rates are set to increase progressively from 0.30% in the first year to 2.00% in the sixth year [2][3]. Triggering of Conversion Price Adjustment - From July 17 to August 6, 2025, the company's stock price closed below 80% of the current conversion price (30.11 yuan/share) for 15 out of 30 trading days, triggering the adjustment clause for the "Jin 23 Convertible Bonds" [2][4][6]. Decision on Conversion Price Adjustment - On August 6, 2025, the company's board unanimously decided not to adjust the conversion price of the "Jin 23 Convertible Bonds," with a vote of 7 in favor and none against [6][7]. - The board will reassess the situation if the adjustment conditions are triggered again after November 7, 2025 [7].

Core Viewpoint - The company has decided not to lower the conversion price of the "Jin 23 Convertible Bond" despite triggering conditions for a downward adjustment due to stock price performance [2][7]. Group 1: Convertible Bond Details - The company issued 7.7 billion yuan worth of convertible bonds on April 17, 2023, with a face value of 100 yuan each and a maturity of six years [3]. - The initial conversion price was set at 39.57 yuan per share, with the conversion period from October 21, 2023, to April 16, 2029 [3]. - The latest adjusted conversion price is 37.64 yuan per share, effective from July 9, 2025 [4]. Group 2: Trigger Conditions and Board Decision - From July 17 to August 6, 2025, the company's stock price closed below 80% of the current conversion price on 15 out of 30 trading days, triggering the adjustment clause [2][5]. - The board of directors unanimously decided not to adjust the conversion price during the board meeting on August 6, 2025 [6][7]. - The decision will remain in effect for three months, during which any further triggers will also not result in a downward adjustment [2][7].

Core Points - The company, Jinpai Kitchen Cabinet Home Technology Co., Ltd., has maintained its credit rating of "AA" for both its entity and the "Jin 23 Convertible Bond" with a stable outlook [1][2]. - The tracking credit rating was conducted by China Chengxin International Credit Rating Co., Ltd. on June 26, 2025, confirming no changes from the previous rating [2]. Summary by Sections Credit Rating - Previous entity credit rating: "AA" - Current entity credit rating: "AA" - Previous bond credit rating: "AA" - Current bond credit rating: "AA" - Rating outlook: Stable [1][2]. Rating Agency - The rating was conducted by China Chengxin International Credit Rating Co., Ltd. [2].

Group 1 - The company will stop the conversion of its convertible bonds "Jin 23 Convertible Bonds" from July 1, 2025, until the equity distribution registration date [1][2] - The company plans to distribute a cash dividend of 0.392 yuan per share (including tax) to all shareholders based on the total share capital minus the shares held in the repurchase account [1][2] - The adjustment of the conversion price for "Jin 23 Convertible Bonds" will be made according to the terms outlined in the bond issuance prospectus after the equity distribution [2] Group 2 - The company will announce the implementation of the equity distribution and the adjustment of the convertible bond conversion price on July 2, 2025, through various media [2] - Holders of "Jin 23 Convertible Bonds" must convert their bonds before June 30, 2025, to participate in the equity distribution [2] - The company has provided contact information for inquiries regarding the equity distribution [2]

Meeting Overview - The annual general meeting of Jinpai Kitchen Home Technology Co., Ltd. was held on May 21, 2025, at the company's conference room in Xiamen [2] - The meeting was convened by the board of directors and chaired by Vice Chairman Pan Xiaozhen, utilizing a combination of on-site and online voting methods [2][3] Attendance and Voting - A total of 7 directors were in office, with 3 attending in person and others participating via communication [3] - The meeting's convening, holding, and voting procedures complied with the Company Law and the company's articles of association, ensuring the legality and validity of the resolutions made [2][6] Resolutions Passed - All proposed resolutions were approved, including: - 2024 Board of Directors Work Report [3] - 2024 Supervisory Board Work Report [3] - 2024 Independent Directors' Work Report [3] - 2024 Financial Settlement Report [4] - 2024 Annual Report and Summary [4] - 2024 Profit Distribution Plan [4] - Reappointment of the auditing firm for 2025 [4] - Compensation execution for directors, supervisors, and senior management for 2024 and the compensation plan for 2025 [4] - Provision of guarantees for subsidiaries [5] - Provision of guarantees for engineering agents [5] - Use of idle self-owned funds for entrusted financial management [5] - Application for comprehensive credit limits from banks [5] Legal Verification - The meeting was witnessed by Fujian Zhili Law Firm, with lawyers confirming that the meeting's procedures complied with relevant laws and regulations [6]

Meeting Overview - The shareholders' meeting was held on May 21, 2025, at the company's conference room in Xiamen [1] - The meeting was attended by shareholders representing 68.1154% of the total shares [1] - The meeting was convened by the board of directors and chaired by Vice Chairman Pan Xiaozhen, utilizing both on-site and online voting methods [1] Voting Results - All non-cumulative voting proposals were approved with a high majority, including: - Proposal 1: 99.9776% approval from A-shareholders [2] - Proposal 2: 99.9882% approval from A-shareholders [2] - Proposal 3: 99.9699% approval from A-shareholders [2] - Proposal 4: 99.9802% approval from A-shareholders [2] - Proposal 5: 99.9815% approval from A-shareholders [2] Cash Dividend Voting - The voting results for cash dividends showed unanimous support from shareholders holding more than 5% and 1%-5% of shares, with 100% approval [3] - Among shareholders holding less than 1%, 99.4367% approved the cash dividend proposal [3] Legal Compliance - The meeting's procedures were confirmed to comply with relevant laws and regulations, ensuring the legality and validity of the voting results [4]

Core Viewpoint - The controlling shareholder of Golden Home Kitchen Technology Co., Ltd., Xiamen Jianpan Group, plans to increase its stake in the company, demonstrating confidence in the company's future and aiming to boost investor confidence [2][6]. Group 1: Shareholder Increase Plan - Jianpan Group intends to increase its shareholding through the Shanghai Stock Exchange within six months, with a total investment between RMB 55 million and RMB 110 million [2][9]. - The increase will not have a set price range and will depend on the assessment of the company's stock value and market fluctuations [3][10]. - Jianpan Group currently holds 64,044,322 shares, representing 41.52% of the company, and together with its concerted actions, holds 92,855,509 shares, or 60.20% [4][5]. Group 2: Funding and Commitment - The funding for the share purchase will come from both self-owned funds and a special loan from China Industrial Bank, which has committed to providing up to RMB 99 million for this purpose [11]. - Jianpan Group has committed not to reduce its shareholding during the implementation of this increase plan [12]. Group 3: Convertible Bond Information - The company has issued convertible bonds (code: 113670) with a current conversion price of RMB 38.03 per share, and the conversion period is from October 21, 2023, to April 16, 2029 [17][19]. - If the company's stock price falls below 80% of the conversion price for a specified number of trading days, it may trigger a downward adjustment of the conversion price [22][23].