Group 1 - The core point of the announcement is the conversion results of the convertible bonds issued by Tianjin Youfa Steel Pipe Group Co., Ltd., detailing the conversion price and the amount converted [2][3][9] - The conversion price was adjusted to 4.77 yuan per share as of June 13, 2025, with the conversion period running from October 10, 2022, to March 29, 2028 [2][8] - As of June 30, 2025, a total of 372,000 yuan worth of convertible bonds had been converted into 72,452 shares, representing 0.005064% of the company's total share capital before conversion [2][9][10] Group 2 - The company issued 20 billion yuan worth of convertible bonds on March 30, 2022, with a maturity of six years [3][4] - The total amount of unconverted convertible bonds as of June 30, 2025, was 1,999,628,000 yuan, accounting for 99.9814% of the total issuance [10][2] - The company has made several adjustments to the conversion price due to various corporate actions, including a downward adjustment to 5.07 yuan per share on July 13, 2024 [5][7][8] Group 3 - The company provided guarantees for its subsidiaries, with a total guarantee amount of 36 million yuan during June 2025 [13][17] - As of June 30, 2025, the total guarantee balance was 456,969.66 million yuan, which is 58.21% of the company's latest audited net assets [28][13] - The company has a guarantee plan for 2025, allowing for adjustments based on business needs and potential new subsidiaries [17][30] Group 4 - The company has implemented a stock option incentive plan, with a total of 688,518 options granted in the first exercise period [38][39] - As of June 30, 2025, 950,120 shares were exercised, representing 13.7995% of the total options available for that period [38][45] - The funds raised from the stock options will be used to supplement the company's working capital [48]

Group 1 - The company has completed the registration capital change and amended its articles of association, as approved in the board meeting on April 24, 2025, and the annual shareholders' meeting on May 15, 2025 [1] - The new registered capital of the company is RMB 1,433,560,637 [1] - The company has obtained a new business license from the Tianjin Jinghai District Market Supervision Administration, completing the necessary business registration changes [1] Group 2 - The company was established on December 26, 2011, and operates as a publicly listed joint-stock company [1] - The company's business scope includes manufacturing and processing of various types of pipes, wholesale and retail of metal and building materials, import and export of goods and technology, and leasing of machinery and equipment [1] - The company is located in the Baibillion Industrial Zone, Daqiuzhuang Town, Jinghai District, Tianjin [1]