Group 1 - The company issued 5.1 million convertible bonds with a total value of 510 million yuan, approved by the China Securities Regulatory Commission on September 29, 2022 [1][19] - The bonds have a maturity period of six years, from September 29, 2022, to September 28, 2028, with a conversion period starting from April 12, 2023, to September 28, 2028 [1][4] - The initial conversion price is set at 6.04 yuan per share, subject to adjustments based on specific corporate actions [4][5] Group 2 - The company plans to use the raised funds for projects including the construction of high-performance glass fiber cotton and clean air filtration materials, with a total investment of 53.01 million yuan [13][14] - The company has established a special account for the management of the raised funds, ensuring compliance with regulations [19][23] - The company has a credit rating of "AA-" for the bonds, indicating a strong creditworthiness [19][24] Group 3 - The company reported a 12.90% increase in operating revenue for 2024 compared to 2023, despite a decrease in overall revenue due to the exclusion of a subsidiary from consolidation [17] - The net profit attributable to shareholders increased by 192.52% to 56.25 million yuan, with basic earnings per share at 0.0888 yuan [17][18] - The company maintains a healthy liquidity position, with a current ratio of 5.50 and a quick ratio of 4.77 [24]

Group 1 - The China Securities Convertible Bond Index opened up by 0.02% [1] - Huafeng Convertible Bond rose over 4%, while Saili Convertible Bond increased by over 2% [1] - Other notable increases include Keshun Convertible Bond, Jincheng Convertible Bond, Ruida Convertible Bond, and Jiayi Convertible Bond, each rising over 1% [1] Group 2 - Yingji Convertible Bond fell by over 2%, with Zai22 Convertible Bond and Beilu Convertible Bond also declining by over 1% [1]

Group 1 - The Zhongzheng Convertible Bond Index opened high at 0.07% [1] - The 22 Convertible Bond increased by 4.8%, while the Shanhe Convertible Bond rose by 2.7% [1] - The Jingda Convertible Bond and Huamao Convertible Bond both increased by over 1% [1] Group 2 - The Diou Convertible Bond decreased by 1.5%, and the Rongtai Convertible Bond fell by nearly 1% [1]

Core Points - The company announced an adjustment to the conversion price of its convertible bonds due to the 2024 annual profit distribution, with the new conversion price set at 4.24 CNY per share, down from 4.25 CNY per share [1][2][3] - The adjustment will take effect on June 11, 2025, and the convertible bonds will be suspended from conversion from June 3 to June 10, 2025 [1][3] Summary by Sections Conversion Price Adjustment Basis - The adjustment is based on the approval of the 2024 annual profit distribution plan, which includes a cash dividend of 0.1 CNY per 10 shares [2] - The adjustment complies with the terms outlined in the bond issuance prospectus, which protects the rights of convertible bondholders [2] Conversion Price Adjustment Formula and Results - The formula for adjusting the conversion price due to cash dividends is P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [3] - The previous conversion price was 4.25 CNY per share, and with a cash dividend of 0.01 CNY, the new conversion price is calculated to be 4.24 CNY per share [3] - The adjusted conversion price will be effective from June 11, 2025, following the rights issue and dividend distribution [3]

Group 1 - The company will suspend the conversion of its convertible bonds "再 22 转债" from June 3, 2025, until the equity distribution registration date [2] - The equity distribution plan involves a cash dividend of 0.1 yuan per 10 shares (tax included) to all shareholders, based on the total share capital as of the equity distribution registration date [2] - After the equity distribution, the conversion of "再 22 转债" will resume on the first trading day following the equity registration date [2] Group 2 - The company emphasizes that any changes in total share capital before the equity distribution registration date will not affect the per-share distribution amount, but will adjust the total distribution accordingly [2] - The company has provided contact information for its legal and securities department for any inquiries related to this announcement [2] - Investors are reminded to refer to official announcements published on the Shanghai Stock Exchange website and other designated media for accurate company information [2]