Core Viewpoint - Jiangsu Lidao New Material Co., Ltd. has successfully issued convertible bonds totaling RMB 300 million, with the funds primarily allocated for the expansion of its aluminum material production capacity [2][15][20]. Group 1: Convertible Bond Issuance - The company has issued 3 million convertible bonds, each with a face value of RMB 100, raising a total of RMB 30 million, netting RMB 29.34 million after deducting fees [2][3][19]. - The bonds will be listed on the Shanghai Stock Exchange starting December 5, 2023, under the name "Lidao Convertible Bonds" [3][4]. - The bonds have a six-year term, with interest rates starting at 0.20% in the first year and increasing to 3.00% by the sixth year [3][4]. Group 2: Financial Performance - For the reporting period, the company achieved a revenue of RMB 1.58 billion, a year-on-year increase of 12.21% [18]. - The net profit attributable to shareholders was a loss of RMB 34.23 million, indicating a significant decline compared to the previous year [19]. - The company’s total assets decreased by 3.39% to RMB 2.53 billion as of the end of 2024 [19]. Group 3: Use of Proceeds - The raised funds will be specifically used for the "Annual Production of 86,000 Tons of New Energy Battery Collecting Fluid Materials and Other New Aluminum Material Projects (Phase II)" [15][20]. - The company has established a dedicated account for the management of the raised funds, ensuring compliance with regulatory requirements [15][20]. Group 4: Market Conditions - The aluminum processing industry is facing challenges such as overcapacity and intensified competition, impacting the company's operational performance [18][20]. - The company is focusing on cost reduction and market expansion to enhance profitability amidst these challenges [18].

Core Viewpoint - The announcement details the completion of the share reduction plan by the controlling shareholder, Li Jianxiang, and the resulting changes in equity ownership percentages, indicating a decrease in his and his concerted actions' total holdings in Guangdong Hesheng Industrial Aluminum Co., Ltd. [1][4] Shareholder Share Change Details - Li Jianxiang reduced his shareholding by 8,233,320 shares, representing 2.95% of the total share capital, bringing his ownership down from 44.90% to 41.96% [1][2] - The share reduction was executed through two methods: centralized bidding (2,716,420 shares at an average price of 20.39 yuan) and block trading (5,516,900 shares at an average price of 14.05 yuan) [1][2] Shareholding Structure Before and After - Before the reduction, Li Jianxiang held 96,134,983 shares (34.44% of total shares), which decreased to 87,901,663 shares (31.49%) after the reduction [2][3] - The total shares held by Li Jianxiang and his concerted actions decreased from 125,349,538 shares (44.90%) to 117,116,218 shares (41.96%) [2][3] Compliance with Regulations - The share reduction plan was executed in accordance with previously disclosed intentions and commitments, with no violations of relevant laws and regulations [4][5] - The changes in shareholding do not significantly impact the company's governance structure, equity structure, or future operations, and do not lead to a change in control [5][6]