Group 1 - The company approved a share repurchase plan with a total amount between RMB 300 million and RMB 600 million, with a maximum repurchase price of RMB 9.83 per share, valid for 12 months from October 29, 2024 [2] - The maximum repurchase price was adjusted to RMB 9.73 per share starting from May 26, 2025, due to the implementation of the 2024 annual equity distribution [2] - The maximum repurchase price was further adjusted to RMB 9.71 per share starting from September 11, 2025, due to the implementation of the 2025 semi-annual equity distribution [3] Group 2 - The company completed the share repurchase on October 28, 2025, acquiring a total of 58,741,300 shares, which is 2.13% of the total share capital, at an average price of RMB 5.28 per share, totaling RMB 310,062,380.50 [4] - The funds used for the repurchase were from the company's own funds and bank loans, and the repurchase will not significantly impact the company's operations or financial status [5] - The company’s controlling rights will not change as a result of the repurchase, and the share distribution will remain compliant with listing requirements [5] Group 3 - There were no stock trading activities by the company's major shareholders, directors, supervisors, or senior management from the announcement of the repurchase plan until the date of this announcement [6] - The share repurchase will be used for employee stock ownership plans or equity incentives, and any unutilized shares within 36 months will be canceled [8] Group 4 - The company issued 48 million convertible bonds with a total value of RMB 480 million, which will be listed for trading on November 4, 2025 [11][13] - The convertible bond holders are subject to an 18-month lock-up period after the issuance, during which they cannot transfer the converted shares [12][13] - The issuance complies with relevant laws and regulations, and the underwriting institutions have confirmed the legality of the issuance [12]