Core Viewpoint - Ningbo Fubang Precision Industry Group Co., Ltd. announced the redemption of wealth management products by its wholly-owned subsidiary, Ningbo Fubang Precision Trade Co., Ltd., as part of the process to accelerate the absorption and merger of the trade company [1]. Group 1: Financial Transactions - The trade company purchased a wealth management product from Industrial Bank worth 3 million yuan on April 26, 2021 [1]. - On June 19, 2025, the trade company invested 17 million yuan in a fixed-income wealth management product from Xinyin [1]. - The trade company has recently redeemed the aforementioned wealth management products to facilitate the merger process [1].

Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Tianchuang Fashion Co., Ltd., including the amount converted, the number of shares issued, and the remaining unconverted bonds. Convertible Bond Conversion Situation - From July 1, 2025, to September 30, 2025, the total amount converted from "Tianchuang Convertible Bonds" was 6,000 yuan, resulting in 487 shares issued, all sourced from newly issued shares [2][7] - As of September 30, 2025, a total of 625,000 yuan of "Tianchuang Convertible Bonds" had been converted into company stock, totaling 50,567 shares (of which 2,026 shares were treasury stock, and the rest were newly issued shares), representing 0.011790% of the company's total issued shares before conversion [2][7] Unconverted Convertible Bonds - The amount of unconverted convertible bonds stands at 66,600,000 yuan, accounting for 11.1000% of the total issuance [3][8] Convertible Bond Issuance Overview - Tianchuang Fashion Co., Ltd. was approved to publicly issue 6 million convertible bonds on June 24, 2020, with a total issuance amount of 60,000 million yuan. The bonds have a term of 6 years, maturing on June 23, 2026, with a tiered interest rate structure [4] - The conversion period for "Tianchuang Convertible Bonds" is from January 4, 2021, to June 23, 2026, with an initial conversion price of 12.64 yuan per share, adjusted to 12.29 yuan per share due to profit distribution [4][6] Repurchase of Convertible Bonds - Due to triggering repurchase clauses, "Tianchuang Convertible Bonds" had a repurchase application period from August 12 to August 16, 2024, with valid applications totaling 5,327,750 bonds, amounting to 532,775,000 yuan [5] - No valid applications were received during subsequent repurchase periods in December 2024 and August 2025 [5] Use of Idle Funds for Wealth Management - The company has approved the use of idle self-owned funds for wealth management, with a maximum daily limit of 40,000 million yuan for purchasing low-risk financial products [12] - As of the announcement date, the balance of idle funds used for wealth management is 16,700 million yuan, representing 16.02% of the company's latest audited net assets [13]