Core Viewpoint - Sichuan Zigong Transportation Machinery Group Co., Ltd. announced corrections to its 2024 annual report and audit report, indicating that the adjustments do not affect the overall financial condition or operating results of the company [1][2][4]. Summary by Sections Correction Overview - The company identified errors in the cash flow statement related to "cash received from providing services" and "cash paid for goods and services," resulting in a reduction of 390,707 yuan [1]. - The adjustments led to a decrease in "cash received from sales and services" by 117,113,556.59 yuan, "cash paid for goods and services" by 94,976,677.45 yuan, and "other cash payments related to operating activities" by 22,136,879.14 yuan [1][2]. Specific Content of Corrections - **Main Business Analysis**: - Before correction, total cash inflow from operating activities for 2024 was reported as 2,027,650,329.72 yuan, which was adjusted to 1,363,348,891.89 yuan, reflecting a year-on-year increase of 43.66% [2]. - Total cash outflow from operating activities was corrected from 1,785,418,981.46 yuan to 1,121,117,543.63 yuan, showing a year-on-year increase of 22.01% [2]. - The net cash flow from operating activities remained unchanged at 242,231,348.26 yuan, with a significant year-on-year increase of 703.57% [2]. - **Consolidated Cash Flow Statement**: - Cash received from sales and services was adjusted from 1,927,563,944.62 yuan to 1,263,262,506.79 yuan [2]. - Cash paid for goods and services was corrected from 1,414,976,068.80 yuan to 728,537,751.83 yuan [2]. - **Parent Company Cash Flow Statement**: - Cash received from sales and services was adjusted from 1,510,584,351.65 yuan to 1,155,667,219.72 yuan [3]. - Cash paid for goods and services was corrected from 1,188,577,231.14 yuan to 811,523,220.07 yuan [3]. Audit Report Corrections - The corrections made to the annual report also apply to the corresponding audit report, ensuring consistency in the financial data presented [4]. Board and Supervisory Committee Opinions - The Audit Committee and Board of Directors agreed that the corrections comply with relevant disclosure regulations and accurately reflect the company's financial status, with no harm to shareholder interests [4][5]. - The Supervisory Committee confirmed that the correction process adhered to legal and regulatory requirements, ensuring no detriment to shareholders, particularly minority shareholders [4]. Other Notes - The company expressed apologies for any inconvenience caused by the corrections and committed to enhancing the quality of information disclosure in future reports [5].

Core Viewpoint - The Sichuan Zigong Transportation Machinery Group Co., Ltd. announced the lifting of restrictions on the first phase of its 2024 restricted stock incentive plan, allowing 1,241,184 shares to be listed for trading on June 3, 2025, which represents 0.5282% of the company's total share capital [1][13]. Summary by Sections Incentive Plan Approval Process - On April 8, 2024, the company's board and supervisory board approved the draft of the 2024 restricted stock incentive plan and related management measures [2]. - The plan was publicly announced from April 8 to April 17, 2024, with no objections raised during the public notice period [2]. - The annual shareholders' meeting on April 22, 2024, authorized the board to handle matters related to the incentive plan [2]. Conditions for Lifting Restrictions - The board confirmed that the conditions for lifting restrictions on the first phase of the incentive plan have been met, with 105 eligible participants [5]. - The total number of shares eligible for lifting restrictions is 1,241,184, which is 0.5282% of the company's total share capital [5][13]. - The first lifting period will commence on June 3, 2025, after the expiration of the initial 12-month lock-up period [6]. Performance Assessment - The performance assessment for the incentive plan is based on the company's net profit, which must increase by at least 50% compared to the previous year [9]. - The net profit for 2023 was approximately 102 million yuan, setting a baseline for the 2024 assessment [9]. - The board noted that 87 participants achieved an "excellent" rating, allowing them to lift restrictions on 100% of their shares [9]. Adjustments to the Incentive Plan - The board made adjustments to the incentive plan on May 8, 2024, including changes to the grant price, which is now set at 11.00 yuan per share [10]. - Due to personal reasons, one participant voluntarily forfeited their allocation, leading to a total of 106 participants receiving 2.285 million shares [12]. - On May 26, 2025, the board approved adjustments to the repurchase price and quantity of shares due to the departure of one participant and performance issues for others [12]. Stock Listing and Capital Structure Changes - The shares that are being released from restrictions will be listed for trading on June 3, 2025 [13]. - The lifting of restrictions will result in a decrease of restricted shares from 84,545,475 to 83,304,291, while the number of unrestricted shares will increase from 150,416,925 to 151,658,109 [15][16].

Board Meeting Summary - The fifth board meeting of Sichuan Zigong Transportation Machinery Group Co., Ltd. was held on May 26, 2025, with all 9 directors present, complying with legal and regulatory requirements [1][2]. Stock Incentive Plan - The board approved the lifting of restrictions on 1,241,184 shares of restricted stock for 105 eligible incentive participants, which represents approximately 0.5282% of the company's total share capital [1][3]. - The resolution received 6 votes in favor, with no opposition or abstentions, and was previously reviewed by the compensation and assessment committee [2][5]. Stock Repurchase and Cancellation - The company will repurchase and cancel 45,136 shares of restricted stock due to 18 incentive participants not meeting performance targets and 1 participant leaving the company, with an adjusted repurchase price of 7.6786 yuan per share [3][4]. - This adjustment aligns with relevant laws and regulations, ensuring no harm to the company or shareholders [4]. Emergency Response Mechanism - The company established a public opinion management system to enhance its ability to respond to various public sentiments and protect the interests of investors and the company [5][6]. Upcoming Shareholder Meeting - A temporary shareholder meeting is scheduled for June 16, 2025, to discuss relevant matters, with all 9 votes in favor of the meeting [6].

Core Viewpoint - Sichuan Zigong Transportation Machinery Group Co., Ltd. is implementing a 2024 restricted stock incentive plan, which includes the repurchase and cancellation of certain restricted stocks and adjustments to repurchase prices and quantities [6][21]. Summary by Sections 1. Legal Opinion Overview - The legal opinion is provided by Guohao Law Firm, confirming that the company has met the necessary approvals and authorizations for the incentive plan and related actions [6][21]. - The opinion is based on relevant laws, regulations, and the company's articles of association [7][21]. 2. Conditions for Lifting Restrictions - The first lifting period for the restricted stocks is set to begin on June 3, 2025, after the completion of the first 12-month restriction period [14]. - The lifting of restrictions is contingent upon the company not experiencing certain adverse conditions, such as negative audit opinions or failure to distribute profits as promised [15]. 3. Performance Assessment - The performance assessment for the incentive plan is based on the company's net profit, which must meet specific targets for the years 2024-2026 [15]. - The first-year target for net profit is set at 157.32 million yuan, with a growth rate of 64.87% compared to the previous year [15]. 4. Repurchase and Cancellation of Restricted Stocks - The company plans to repurchase and cancel restricted stocks due to the departure of one incentive object and underperformance of 18 others [18][20]. - The repurchase price for the stocks is adjusted to 7.6786 yuan per share, which includes interest [20]. - A total of 45,136 shares will be repurchased, accounting for approximately 0.0192% of the company's total share capital [20][21]. 5. Compliance and Disclosure - The company is required to comply with relevant laws and regulations regarding the repurchase and lifting of restrictions, including fulfilling disclosure obligations [21].

Core Viewpoint - The company has announced adjustments to the repurchase price and quantity of restricted stock under its 2024 incentive plan, including the repurchase and cancellation of 45,136 shares of restricted stock due to the departure of one incentive recipient and performance issues of others [1][10][11]. Summary by Sections Approval Process and Disclosure - The company held board and supervisory meetings to approve the adjustments to the 2024 restricted stock incentive plan, which included public disclosure and no objections received during the public notice period [2][3][4]. Reasons for Repurchase and Cancellation - The repurchase of restricted stock is due to one recipient leaving the company and 18 others failing to meet performance criteria, as stipulated in the incentive plan [5][6][10]. Repurchase Price, Quantity, and Funding - The adjusted repurchase price for the restricted stock is set at 7.6786 yuan per share, calculated after accounting for dividends and capital increases. The total repurchase involves 11,200 shares from the departing employee and 33,936 shares from those not meeting performance standards, totaling approximately 347,591.49 yuan funded by the company's own resources [8][9][10]. Changes in Share Capital Structure - Following the repurchase, the company's total share capital will decrease from 234,962,318 shares to 234,917,182 shares, with a slight change in the proportion of restricted and unrestricted shares [9][10]. Impact of Adjustments - The adjustments to the repurchase price and quantity will not significantly affect the company's financial status or operational results, nor will they impact the management team's motivation and stability [10][11]. Opinions from Committees - Both the compensation and audit committees have expressed that the adjustments comply with relevant regulations and do not harm the interests of the company or its shareholders [10][11].

Core Viewpoint - The company, Sichuan Zigong Transportation Machinery Group Co., Ltd., announced an adjustment to the conversion price of its convertible bonds, "Yunji Convertible Bonds," from RMB 17.18 per share to RMB 12.09 per share, effective from May 16, 2025, due to the implementation of its 2024 annual profit distribution plan [2][8]. Group 1: Convertible Bond Adjustment - The initial conversion price of "Yunji Convertible Bonds" was RMB 17.67 per share, which was adjusted to RMB 17.42 per share before the latest adjustment [6]. - The adjustment to the conversion price is based on the company's annual profit distribution plan, which includes a cash dividend of RMB 2.50 per 10 shares and a capital reserve increase of 4 shares for every 10 shares held [8][11]. - The calculation for the new conversion price was as follows: P1 = (P0 - D) / (1 + n), where P0 is the previous conversion price, D is the cash dividend per share, and n is the capital increase rate [8]. Group 2: Profit Distribution Plan - The company’s 2024 annual profit distribution plan was approved on April 29, 2025, with a total share capital of 167,829,937 shares as the basis for the distribution [11][12]. - The total cash dividend expected to be distributed is approximately RMB 41.96 million, and the total number of shares to be increased is 67,131,974, resulting in a new total share capital of 234,961,911 shares [12][15]. - The record date for the profit distribution is May 15, 2025, and the ex-dividend date is May 16, 2025 [17].