Core Viewpoint - The announcement details the conversion results and share changes related to the "Hua Xing Convertible Bonds" as of June 30, 2025, highlighting low conversion activity and adjustments in conversion prices over time [1][2][3]. Summary by Sections Convertible Bond Issuance and Conversion Price Adjustments - The "Hua Xing Convertible Bonds" were issued on November 29, 2021, with a total amount of RMB 800 million and a maturity of six years [1]. - The initial conversion price was set at RMB 39.33 per share, which was adjusted to RMB 31.00 on June 10, 2022, following a shareholder meeting [2]. - Subsequent adjustments occurred, with the conversion price changing to RMB 30.76 on October 12, 2022, RMB 30.46 on June 15, 2023, and RMB 30.43 on September 28, 2023 [3][4][5]. Convertible Bond Conversion Status - As of June 30, 2025, a total of RMB 89,109,000 has been converted into 3,400,370 shares, representing 0.7739% of the company's total shares before conversion [1][7]. - The remaining unconverted amount of the "Hua Xing Convertible Bonds" is RMB 710,891,000, which accounts for 88.8614% of the total issuance [1][7]. Share Capital Changes - From April 1, 2025, to June 30, 2025, there were no changes in the share capital due to the conversion of the "Hua Xing Convertible Bonds" [7]. - The total share capital remained at 445,377,843 shares, with no newly issued shares from the conversion [7]. Contact Information - For further details regarding the "Hua Xing Convertible Bonds," investors are directed to the company's disclosure on the Shanghai Stock Exchange [8].