Group 1 - The company held its sixth supervisory board's eighth meeting on July 23, 2025, with all three supervisors present, confirming the legality and validity of the meeting [2][4] - The supervisory board approved the proposal to continue using part of the temporarily idle raised funds for cash management, emphasizing that it would enhance fund utilization efficiency and generate investment returns without harming the interests of the company and minority shareholders [3][32] - The board's decision was supported by a unanimous vote of 3 in favor, with no abstentions or oppositions [4] Group 2 - The company convened its sixth board's ninth meeting on July 23, 2025, with all eight directors present, ensuring compliance with relevant laws and regulations [9][11] - The board approved the proposal to continue using temporarily idle raised funds for cash management, allowing up to RMB 0.80 billion from the IPO funds and RMB 3.00 billion from convertible bond funds, with the funds to be used within a 12-month period [10][17] - The board authorized the chairman to make investment decisions within the approved limits, including selecting financial products and signing relevant contracts [10][23] Group 3 - The company plans to use the temporarily idle raised funds for cash management to improve efficiency and returns while ensuring that it does not affect the implementation of investment projects or the safety of the raised funds [26][32] - The company will invest in low-risk, high-liquidity financial products with a maturity of no more than 12 months, ensuring that these funds are not used for speculative investments [23][28] - The company will disclose the cash management activities in accordance with relevant regulations, ensuring transparency and compliance [24][25] Group 4 - The company intends to provide an irrevocable joint liability guarantee for its wholly-owned subsidiary, Suzhou Industrial Park Anyuan Trade Co., Ltd., for a total amount not exceeding RMB 46.93 million [35][41] - The board and supervisory board approved this guarantee on July 23, 2025, confirming that it aligns with the company's operational needs and does not harm the interests of the company or its shareholders [36][42] - The total amount of guarantees provided by the company and its subsidiaries, excluding this new guarantee, is RMB 43.545 million, which is 13% of the latest audited net assets [43]

Core Viewpoint - The company intends to continue using part of its temporarily idle raised funds for cash management to improve fund utilization efficiency and increase returns for shareholders [4][5][9] Fundraising Overview - The company raised a total of RMB 187,437.10 million from its initial public offering (IPO) by issuing 12,108.34 million shares at RMB 15.48 per share, with a net amount of RMB 175,951.06 million after deducting issuance costs [1] - The company also raised RMB 101,600.00 million through the issuance of convertible bonds, with a net amount of RMB 100,415.96 million after costs [2] Fund Usage Status - As of December 31, 2024, the company has temporarily idle funds due to the construction cycle of investment projects [3][4] Cash Management Proposal - The company plans to use up to RMB 0.80 billion of temporarily idle IPO funds and up to RMB 3.00 billion of convertible bond funds for cash management, with a usage period of 12 months from the expiration of the previous authorization [5][8] - The cash management will involve investing in low-risk, high-liquidity financial products with a maturity of no more than 12 months [5][6] Approval Process - The proposal for cash management was approved by the company's board of directors and supervisory board, confirming that it will not affect the implementation of investment projects or harm shareholder interests [8][9]

Core Viewpoint - The announcement details the equity changes of Hunan Kaimete Gas Co., Ltd. due to the reduction of shareholding by its shareholders, specifically Hunan Caixin Asset Management Co., Ltd. and its concerted parties, which have triggered the 1% and 5% thresholds for shareholding changes [1][5]. Group 1: Shareholding Changes - Hunan Caixin Asset Management Co., Ltd. and its concerted parties have reduced their holdings by a total of 1,495.56 million shares, representing 2.15% of the company's total share capital [5]. - The specific reductions include 72.98 thousand shares by Hunan Caixin Changqin No. 1 Fund Partnership, 190.83 thousand shares by Hunan Caixin Jingxin Investment Partnership, and 191.16 thousand shares by Hunan Caixin Asset Management [2][3]. Group 2: Compliance and Regulations - The shareholders have confirmed that the reduction of shares complies with the previously disclosed reduction plan and does not violate any laws or regulations, including the Securities Law and the Management Measures for the Acquisition of Listed Companies [5][7]. - The reduction plan is subject to market conditions and may vary in terms of timing, quantity, and price, indicating uncertainties in its execution [7]. Group 3: Future Implications - The reduction in shareholding will not affect the control of the company, as Hunan Caixin Changqin No. 1 Fund Partnership and Hunan Caixin Jingxin Investment Partnership are not the controlling shareholders or actual controllers of the company [7]. - The company will continue to monitor the implementation of the reduction plan and ensure compliance with relevant disclosure obligations [7][8].

Core Viewpoint - The company maintains its credit ratings for both its corporate entity and its convertible bonds, indicating stable financial health and outlook [1][2]. Previous Rating Situation - The company's previous corporate credit rating was "AA-" with a stable outlook, and the credit rating for "Hua Te Convertible Bonds" was also "AA-" [1]. - The previous rating was issued by Zhongceng Pengyuan on August 21, 2024 [1]. Current Rating Situation - On June 25, 2025, Zhongceng Pengyuan reaffirmed the company's corporate credit rating as "AA-" and maintained a stable outlook, as well as the "Hua Te Convertible Bonds" rating of "AA-" [2]. - The tracking rating report was disclosed on the Shanghai Stock Exchange website on the same day [2].

Core Viewpoint - The company is implementing a differentiated dividend distribution plan for the fiscal year 2024, which includes a cash dividend distribution to shareholders based on the adjusted total share capital after accounting for share buybacks and stock incentive plans [1][3][4]. Group 1: Reasons for Differentiated Dividend - The company has approved a share buyback plan using its own funds through the Shanghai Stock Exchange, completing the buyback of 578,556 shares by February 14, 2023 [1]. - The differentiated dividend distribution is linked to the company's performance and the results of its stock incentive plan, which did not meet the performance criteria for the second vesting period [3][4]. Group 2: Dividend Distribution Plan - The proposed dividend distribution for 2024 is a cash dividend totaling approximately 71.81 million yuan (including tax), calculated based on 119,689,836 shares eligible for distribution after deducting the shares in the buyback account [3][4]. - The company will not issue bonus shares or convert capital reserves into share capital, and any changes in total share capital before the dividend record date will lead to adjustments in the total dividend amount while maintaining the per-share dividend amount [3][4]. Group 3: Adjustments to Dividend Amount - The company plans to repurchase and cancel 81,000 shares of the first category of restricted stock that have not yet been released, which will reduce the total share capital to 120,304,261 shares [4]. - Following the adjustments, the total number of shares eligible for the dividend distribution will be 119,609,424 shares, and the company will maintain the principle of adjusting the total dividend amount while keeping the per-share dividend unchanged [4]. Group 4: Ex-Dividend Treatment - The company will calculate the ex-dividend reference price based on the actual cash dividend distribution and the changes in share capital, ensuring compliance with the relevant regulations [5]. - The impact of the differentiated dividend distribution on the ex-dividend reference price is minimal, with an absolute value of impact below 1% based on the stock price on June 9, 2025 [5]. Group 5: Sponsor Institution's Review - The sponsor institution has reviewed the differentiated dividend distribution and concluded that it complies with relevant laws and regulations, ensuring that it does not harm the interests of the company or its shareholders [6].

Core Viewpoint - The company has adjusted its 2024 annual profit distribution plan, maintaining a cash dividend of 6.00 yuan per 10 shares while modifying the total share capital and corresponding distribution amount due to changes in the number of shares eligible for distribution [1][2][5]. Summary by Sections 1. Basic Situation of Profit Distribution Plan - The company held board meetings on April 8, 2025, and the annual shareholders' meeting on May 13, 2025, to approve the profit distribution plan, proposing a cash dividend of 6.00 yuan per 10 shares [2]. - As of March 31, 2025, the total share capital was 120,385,261 shares, with 695,425 shares in the repurchase account, resulting in 119,689,836 shares eligible for profit distribution, totaling 71,813,901.60 yuan [2]. 2. Specific Situation of Adjusted Profit Distribution Plan - The company completed the repurchase and cancellation of 81,000 first-class restricted shares, reducing the total share capital to 120,304,261 shares [3]. - The adjustment in the profit distribution plan is due to changes in the number of shares eligible for distribution before the equity distribution registration date [3]. 3. Impact of Convertible Bonds - The company's convertible bonds, "Hua Te Convertible Bonds," entered the conversion period on September 27, 2023, with an increase of 588 shares from April 1, 2025, to June 24, 2025, raising the total share capital to 120,304,849 shares [4]. - The total share capital will not change due to the conversion of convertible bonds from June 25, 2025, until the equity distribution registration date [4]. 4. Final Adjustments to Profit Distribution - The adjusted total share capital for the profit distribution is calculated as 120,304,849 shares minus 695,425 shares in the repurchase account, resulting in 119,609,424 shares [5]. - The adjusted total profit distribution amount is calculated as 0.60 yuan per share multiplied by the adjusted total share capital, totaling 71,765,654.40 yuan [5].

Group 1 - The chairman of the company, Shi Pingxiang, has resigned due to age reasons and will no longer serve as chairman or the convenor of the board's strategic committee [1] - Shi Pingxiang will continue to serve as a director and a member of the board's strategic and nomination committees [1] - The company's vice chairman, Shi Sihui, has been elected as the new chairman, with a term lasting until the current board's term ends [1] - The change in chairmanship is not expected to adversely affect the company's normal operations and management [1]

Group 1 - The core viewpoint of the news is that Nantu Asset Management has conducted research on Jin Hong Gas, highlighting its growth potential in the electronic gas market and its strategic focus on on-site gas production [1] - Jin Hong Gas is expected to achieve full-year revenue contributions from multiple electronic bulk gas projects in 2024, with new projects anticipated to commence operations by the end of 2025 [1] - The company emphasizes the development of on-site gas production due to its ability to provide stable cash flow, with new projects being launched annually in the small and medium-sized on-site gas sector [1] Group 2 - Jin Hong Gas has successfully passed tests and commenced mass production of ultra-pure ammonia and high-purity carbon dioxide products for TSMC [1] - The customer base for specialty gases is heavily weighted towards the integrated circuit industry, while the photovoltaic sector's customer share is declining [1] - The pricing of ultra-pure ammonia remains stable in the integrated circuit and LCD panel sectors, while prices in the photovoltaic sector are on a downward trend, indicating a cyclical bottom [1] Group 3 - The company is expanding its customer base by providing comprehensive gas solutions through a combination of self-production and trade, and has exported products to over 50 countries [1] - Jin Hong Gas has signed a project for on-site gas production in Thailand and acquired Singapore's CHEM-GS company [1] - The newly appointed General Manager, Dai Zhanglong, brings extensive industry experience, which is expected to help the company achieve new breakthroughs [1]

Group 1 - The company Guangdong Huate Gas Co., Ltd. has issued convertible bonds totaling RMB 646 million, approved by the China Securities Regulatory Commission on January 18, 2023 [2][3] - The bonds have a maturity of 6 years, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][5] - The initial conversion price for the bonds is set at RMB 84.22 per share, with provisions for adjustments based on various corporate actions [5][6][7] Group 2 - The company reported a net profit of RMB 184.78 million for the year 2024, representing a year-on-year increase of 7.99% [14][15] - Total assets reached RMB 3.30 billion, reflecting a growth of 6.85% compared to the previous year [14] - The company’s operating cash flow increased significantly by 72.77%, attributed to improved inventory management and procurement strategies [15] Group 3 - The company has established a dedicated account for managing the funds raised from the bond issuance, ensuring that the funds are used specifically for their intended purposes [17] - The company has engaged CITIC Securities as the bond trustee, responsible for monitoring the company's financial health and ensuring the protection of bondholders' interests [17] - The company has a credit rating of AA- from China Chengxin International Credit Rating Co., Ltd., indicating a stable outlook for its financial obligations [12][13]

Group 1 - The core point of the news is the completion of a share reduction plan by three investment partnerships, which collectively reduced their holdings in Guangdong Huate Gas Co., Ltd. by 239.9 million shares, representing 1.99% of the total share capital [1][2] - Before the reduction, the three partnerships held a total of 20.41 million shares, accounting for 16.96% of the company's total share capital [1][2] - The reduction was executed through block trading from June 9 to June 10, 2025, with a share price of 44.81 yuan per share [2] Group 2 - Specific reductions included: - Xiamen Huahong Duofu reduced 1.3 million shares, totaling 58.253 million yuan, and now holds 9.8076 million shares (8.15%) [2] - Xiamen Huahuo Duofu reduced 679,000 shares, totaling 30.426 million yuan, and now holds 5.0229 million shares (4.18%) [2] - Xiamen Huajin Duofu reduced 420,000 shares, totaling 18.8202 million yuan, and now holds 3.1831 million shares (2.65%) [2] - Following the reduction, the combined shareholding of the information disclosure obligors and their concerted actors decreased from 53.71% to 51.46%, a change of 2.25% [2]