Group 1 - The company held its fourth board meeting on September 2, 2025, with all seven directors present, complying with legal and procedural requirements [1] - The board approved the adjustment of the 2025 restricted stock incentive plan, reducing the number of incentive recipients from 59 to 58, resulting in a total of 1,356,553 shares being granted instead of 1,371,553 shares [1][2] - The board also approved the grant of restricted stock to the 58 incentive recipients at a price of 3.96 yuan per share, with the grant date set for September 2, 2025 [2]

Core Points - The company, Youcai Environmental Resources Technology Co., Ltd., has publicly issued convertible bonds approved by the shareholders and the board of directors [2][3] - The total issuance amount of the convertible bonds is RMB 600 million, with a total of 6 million bonds issued [2][3] - The bonds have a maturity period of six years, from December 14, 2022, to December 13, 2028 [3] - The coupon rates for the bonds increase progressively from 0.4% in the first year to 3.0% in the sixth year [3][4] - The initial conversion price is set at RMB 7.35 per share, with the latest conversion price at RMB 6.60 per share [5] Bond Terms - The bonds will pay interest annually, with the first interest payment starting from the issuance date [4] - The bonds are rated A+ by Dongfang Jincheng International Credit Rating Co., Ltd., with a stable outlook [5] - The bonds are unsecured and do not provide any guarantees [4] Major Events - The company plans to distribute cash dividends of RMB 1.2 per 10 shares to all shareholders, totaling approximately RMB 39.17 million based on the total share capital as of June 30, 2025 [6][7] - The dividend distribution plan is subject to approval at the company's second extraordinary general meeting in 2025 [6][7] - The company’s governance and operational capabilities are not expected to be adversely affected by the dividend distribution plan [7]

Group 1 - The company has approved the public issuance of convertible bonds, which was passed at the first extraordinary general meeting of shareholders and the ninth meeting of the third board of directors [2] - The total issuance amount of the convertible bonds is RMB 600 million, with a total of 6 million bonds issued [2] - The bonds will be listed and traded on the Shenzhen Stock Exchange starting from January 9, 2023 [2] Group 2 - The bonds have a term of six years, from December 14, 2022, to December 13, 2028 [2] - The coupon rates for the bonds are structured to increase over the years, starting from 0.4% in the first year to 3.0% in the sixth year [3][4] - The bonds will pay interest annually, with the principal repaid at maturity along with the last year's interest [3][4] Group 3 - The initial conversion price of the bonds is set at RMB 7.35 per share, with the latest conversion price adjusted to RMB 7.20 per share [5] - The bonds are rated A+ by Dongfang Jincheng International Credit Rating Co., Ltd., with a stable outlook [4][5] - The bonds are unsecured, meaning no collateral is provided for the issuance [4] Group 4 - The company reported a net profit attributable to shareholders of RMB 83.77 million for the fiscal year 2024, with undistributed profits amounting to approximately RMB 739.71 million [6] - The company plans to distribute profits based on the lower of the consolidated or parent company available profits to avoid over-distribution [6] - The company’s profit distribution plan complies with legal regulations and does not adversely affect its governance or debt repayment capabilities [6][7]

Group 1 - The company has issued a total of 6 million convertible bonds with a term of 6 years, approved by the China Securities Regulatory Commission [1] - The initial conversion price of the bonds was set at 7.35 CNY per share, which was adjusted to 7.20 CNY per share following a cash dividend distribution [2] - The conversion period for the bonds started on June 20, 2023, and will end on December 13, 2028 [2] Group 2 - As of March 31, 2025, the balance of the convertible bonds was 599,935,000 CNY, equivalent to 5,999,350 bonds [3] - The total share capital of the company increased from 326,407,253 shares to 326,407,409 shares due to the conversion of bonds [4] - The company has a total of 81,928,628 shares locked by executives, representing 25.10% of the total share capital [4]