Core Viewpoint - Shandong Heda announced that its board meeting on August 8, 2025, reviewed the proposal regarding not adjusting the conversion price of "Heda Convertible Bonds" [2] Financial Performance - For the year 2024, Shandong Heda's revenue composition is as follows: - Cellulose ether: 71.32% - Plant capsules: 20.96% - Trade chemical products - others: 4.87% - Graphite chemical equipment: 1.56% - Diacetone acrylamide: 0.98% [2]