Summary of Key Points Core Viewpoint - Jialituo (603912) experienced a decline in stock price, closing at 8.95 yuan, down 2.19% from the previous week, with a total market capitalization of 4.849 billion yuan [1] Company Announcements - Jialituo announced the interest payment for its convertible bonds ("Jialituo Convertible Bonds") for the year 2025, with a face value of 100 yuan per bond and an interest amount of 2.50 yuan (including tax) [1] - The bond interest payment record date is set for July 29, 2025, with the ex-dividend date and payment date both on July 30, 2025 [1] - The total issuance of the convertible bonds amounts to 300 million yuan, with a coupon rate of 2.50% for the fifth year, and the bond term is from July 30, 2020, to July 29, 2026 [1] - The interest payment for this period covers from July 30, 2024, to July 29, 2025, with the actual interest received by individual investors being 2.00 yuan (after tax) [1]

Core Viewpoint - The legal opinion letter confirms the legality of the convening, holding procedures, qualifications of the convenor and attendees, voting procedures, and results of the extraordinary general meeting of Nanjing Jialitu Machine Room Environment Technology Co., Ltd. [2][3][6] Group 1: Meeting Procedures - The meeting was convened by the company's board of directors and publicly announced on June 19, 2025, detailing the time, location, and agenda [3][4] - The meeting was held on July 10, 2025, using a combination of on-site and online voting methods [4][5] Group 2: Attendee Qualifications - The convenor of the meeting was the company's board of directors, meeting the legal and regulatory requirements [5] - A total of 590 shareholders participated, representing 247,864,238 shares, which is 45.7468% of the total voting shares [5] Group 3: Voting Procedures and Results - The meeting followed the prescribed legal and regulatory voting procedures, with all agenda items being reviewed and voted on [6] - The proposal to adjust the conversion price of "Jialitu Convertible Bonds" was approved with 98.8562% of the votes from non-related shareholders [6]

Core Points - The company announced a downward adjustment of the conversion price for its convertible bonds, "Jialitu Convertible Bonds," from 10.63 CNY/share to 8.68 CNY/share, effective from July 14, 2025 [1][8] - The adjustment was made due to the stock price being below 85% of the current conversion price for a significant number of trading days [6][7] - The company held a board meeting on June 18, 2025, and a shareholder meeting on July 10, 2025, to approve the proposal for the price adjustment [6][7] Convertible Bond Details - The initial conversion price of "Jialitu Convertible Bonds" was set at 23.40 CNY/share, with subsequent adjustments made over the years [2][3] - The bond has a total issuance amount of 300 million CNY, with a maturity period of 6 years and a tiered interest rate structure [2] - The bond was first convertible into shares on February 5, 2021, and has undergone several price adjustments since then [2][3] Adjustment Process - The adjustment process requires that the board proposes a downward revision if the stock price remains below the specified threshold for a certain period, which must then be approved by shareholders [5][6] - The average trading price of the company's stock over the 20 trading days prior to the shareholder meeting was 8.54 CNY/share, which influenced the decision for the new conversion price [7]

Group 1 - The company, Nanjing Jialitu Machine Room Environment Technology Co., Ltd., issued 3 million convertible bonds with a face value of 30 million yuan, approved by the China Securities Regulatory Commission on July 30, 2020 [2] - The convertible bonds, named "Jialitu Convertible Bonds," were listed on the Shanghai Stock Exchange on August 21, 2020, with an initial conversion price of 23.40 yuan per share [2] - The conversion price of the bonds has been adjusted multiple times, currently standing at 10.63 yuan per share as of June 9, 2023 [5][6] Group 2 - The company proposed a cash dividend of 2.5 yuan per 10 shares for the year 2020, with the record date on June 22, 2021, and payment date on June 23, 2021 [3] - For the year 2021, the company also proposed a cash dividend of 2.5 yuan per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, with the record date on June 15, 2022 [3] - The company plans to distribute a cash dividend of 0.8 yuan per 10 shares for the year 2023, with the record date on June 6, 2024 [6] Group 3 - As of June 30, 2025, a total of 2,493,000 yuan of the convertible bonds have been converted into shares, representing 0.0507% of the total shares before conversion [7] - The amount of convertible bonds that have not been converted as of June 30, 2025, is 297,507,000 yuan, accounting for 99.1690% of the total issuance [7] - During the period from April 1, 2025, to June 30, 2025, the conversion amount was 111,000 yuan, resulting in 10,362 shares being issued [7]

Group 1 - The company is holding its fourth extraordinary general meeting of shareholders on July 10, 2025, to discuss important matters including the proposal to adjust the conversion price of "Jialit Convertible Bonds" [2][6][12] - The meeting will allow both on-site and online voting, with specific time slots for each voting method [4][6] - Shareholders must register and present valid identification to participate in the meeting, and there are rules governing the conduct of the meeting and the speaking time for shareholders [3][5][8] Group 2 - The proposal to adjust the conversion price of "Jialit Convertible Bonds" is based on the condition that the stock price has been below 85% of the current conversion price for 15 out of the last 30 trading days [7][12] - The initial conversion price was set at 23.40 yuan per share, and it has been adjusted multiple times, with the current price being 10.63 yuan per share [9][10] - The board of directors has proposed to authorize the board to handle the adjustment of the conversion price, which requires approval from two-thirds of the voting rights at the shareholders' meeting [13]

Group 1 - The board of directors of Jiali Convertible Bond and Qibin Convertible Bond proposed a down adjustment [1] - Tianyang Convertible Bond is subject to strong redemption [1] - Baichang Convertible Bond's rating has been downgraded to A due to expected losses in 2024 and Q1 2025, with risks in biogas power generation and liquidity issues [1] Group 2 - Blue Sky Gas's controlling shareholder plans to increase holdings of company shares by 100 million to 150 million [2] - The actual controller of Rongsheng Environmental Protection has been changed to bail pending trial by public security [2] - Guanglian Aviation is transferring 10% equity of Chengdu Hangxin Aviation Equipment to four strategic investors [2]

Group 1 - The company held its fourth board meeting on June 18, 2025, with all nine directors present, including five participating via remote voting [1] - The board approved a proposal to lower the conversion price of the "Jialitu Convertible Bonds" to 85% of the current stock price, which is 9.10 CNY per share, and 9.04 CNY per share for the period from June 9 to June 18, 2025 [1][2] - The adjustment is triggered as the stock price has been below the conversion price for 15 consecutive trading days [1] Group 2 - The board proposed to authorize the shareholders' meeting to allow the board to handle the necessary procedures for the price adjustment, including determining the new conversion price and effective date [2] - The proposal to adjust the conversion price requires approval from at least two-thirds of the voting rights at the shareholders' meeting, with bondholders required to abstain from voting [3] - The company plans to hold the fourth extraordinary shareholders' meeting on July 10, 2025, to discuss the proposals [4]

Meeting Overview - The company will hold its fourth extraordinary general meeting of shareholders on July 10, 2025 [1] - The meeting will utilize a combination of on-site and online voting methods [1][2] - The on-site meeting will take place at the company's office in Nanjing [1] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system during specified trading hours on the meeting day [1][2] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3] - Voting must be completed for all proposals before submission [3] Attendance and Registration - Only shareholders registered by the close of trading on July 1, 2025, are eligible to attend the meeting [4] - Registration procedures for both corporate and individual shareholders are outlined, including necessary documentation [4] Additional Information - The meeting will last half a day, and attendees will bear their own expenses [4] - Contact information for the company's securities department is provided for further inquiries [4]

Core Viewpoint - The company, Nanjing Jialituo Machine Room Environment Technology Co., Ltd., has maintained its credit rating of "AA-" for both its corporate entity and its convertible bonds, with a stable outlook for 2025 [1][2][3]. Group 1 - The previous rating results indicated a corporate credit rating of "AA-" and a stable outlook [1][3]. - The current rating results show no change, with the corporate credit rating and the "Jialituo Convertible Bond" also rated "AA-" [2][4]. - The rating agency responsible for this assessment is Zhongzheng Pengyuan Credit Rating Co., Ltd., which conducted a comprehensive analysis of the company's operational status and related industry [4].

Core Points - The company announced a cash dividend distribution of 0.08 yuan per share for the fiscal year 2024, approved at the shareholders' meeting on April 15, 2025 [2][4] - The total cash dividend to be distributed amounts to approximately 43.35 million yuan based on a total share capital of 541,817,870 shares [4] - The record date for the dividend distribution is set for June 6, 2025, with the ex-dividend date on June 9, 2025 [14] Distribution Plan - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [3] - For shareholders who have not completed designated trading, the dividends will be held by the China Securities Depository and Clearing Corporation until they complete the necessary trading [5] Taxation Details - Individual shareholders holding shares for over one year will not be subject to personal income tax on the dividend, while those holding for one year or less will have tax withheld upon the sale of shares [7][8] - For qualified foreign institutional investors (QFIIs), a 10% corporate income tax will be withheld, resulting in a net dividend of 0.072 yuan per share [9] Convertible Bond Adjustment - The company will adjust the conversion price of its convertible bonds due to the cash dividend distribution, changing from 10.71 yuan to 10.63 yuan per share [16] - The adjustment will take effect on June 9, 2025, coinciding with the ex-dividend date [16][17]