Core Points - The company reported a slight decrease in revenue, with total operating income at approximately CNY 1.97 billion, reflecting a decrease of 0.07% compared to the same period last year [1] - The net profit attributable to shareholders decreased by 12.90%, with basic and diluted earnings per share both at CNY 0.27 [1] - The company plans to repurchase shares using its own funds and a special loan for share repurchase, with a total repurchase amount not less than CNY 176.84 million [4][5] Financial Performance - Total assets increased by 5.28% year-on-year, reaching approximately CNY 16.23 billion [2] - The company’s debt-to-asset ratio was reported at 59.82%, up from 57.76% at the end of the previous year [3] - The EBITDA interest coverage ratio was 6.20, indicating a slight improvement from 5.81 in the previous year [3] Shareholder Information - The largest shareholder, Zhongxing Group, holds 46.40% of the shares, while other significant shareholders include Lin Lairong and Liang Xinyu [2] - The company has a total of 44,786 shareholders as of the report date [2] - The company repurchased 18,214,400 shares, accounting for 1.21% of the total share capital, with a maximum transaction price of CNY 11.23 per share [4] Corporate Governance - The company appointed a new financial director, Zou Qingli, following the retirement of the previous financial director [9] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [3] Strategic Developments - The company plans to simplify its cash dividend distribution conditions, increasing the proportion of profits distributed in cash from 20% to 40% [6] - The company terminated the investment agreement for the Yangzhong mineral processing and trading base project due to market changes and initiated the process to deregister its wholly-owned subsidiary involved in the project [10]

Group 1 - The company held its 17th meeting of the 6th Board of Directors on August 11, 2025, with all 7 directors present, confirming compliance with relevant laws and regulations [1] - The Board approved the election of Mr. Wang Ximing as the Vice Chairman of the Board, with a term lasting until the end of the current Board's term [2][6] - The Board also approved the use of up to RMB 570 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months [3][19] Group 2 - Mr. Liang Baodong resigned from his position as a non-independent director due to governance needs but will continue to serve as Vice Chairman of a wholly-owned subsidiary [6][7] - The company confirmed that the number of directors holding senior management positions and those serving as employee representatives does not exceed half of the total number of directors, in compliance with legal requirements [8] Group 3 - The company has raised a total of RMB 1.52 billion through the issuance of convertible bonds, with the net amount after deducting issuance costs being approximately RMB 1.5 billion [12] - As of July 31, 2025, the company had a balance of RMB 667.37 million in raised funds [16] - The company plans to use the idle funds to reduce financial costs, estimating a savings of RMB 17.1 million in interest expenses [20][21] Group 4 - The company will pay interest on its convertible bonds on August 18, 2025, with a coupon rate of 1.00% for the third year [25][33] - The interest payment will be RMB 10.00 for every 10 bonds held, with the bondholders responsible for their own tax obligations [26][34]

Group 1 - The announcement details the reduction in holdings of the convertible bonds "Dazhong Convertible Bonds" by the controlling shareholder, Zhongxing Group, and its concerted actors [1][2] - The total amount raised from the issuance of the convertible bonds was RMB 1.52 billion, approved by the China Securities Regulatory Commission [1] - The convertible bonds were listed on the Shenzhen Stock Exchange on October 11, 2022, with a total issuance of 15.2 million bonds [1][2] Group 2 - Zhongxing Group and its concerted actors held a total of 9,624,427 bonds, accounting for 63.32% of the total issuance prior to the reduction [2] - From May 22 to June 28, 2023, Zhongxing Group reduced its holdings by 2.7 million bonds, leaving them with 6,924,427 bonds [2] - In August 2023, a further reduction of 2,492,181 bonds occurred, resulting in a new total of 4,432,246 bonds held by Zhongxing Group, which is 29.16% of the total issuance [2]

Group 1 - The core point of the announcement is the conversion results of the convertible bonds issued by the company, indicating a low conversion rate and a significant amount of unconverted bonds remaining [1][2][4] - As of June 30, 2025, a total of RMB 875,800 of "Dazhong Convertible Bonds" has been converted into 78,556 shares, representing 0.0052% of the company's total issued ordinary shares before conversion [1][2] - The total amount of unconverted "Dazhong Convertible Bonds" as of June 30, 2025, is RMB 1,519,018,200, accounting for 99.9354% of the total issuance [1][2] Group 2 - The "Dazhong Convertible Bonds" were approved by the China Securities Regulatory Commission with a total fundraising amount of RMB 1,520 million and an initial conversion price of RMB 11.36 per share [2] - The conversion price has been adjusted from RMB 11.36 to RMB 10.76 per share due to profit distribution plans for the years 2022 and 2024 [3] - The company has activated the repurchase clause for the convertible bonds, allowing bondholders to sell back their bonds during specified periods [4]

Core Viewpoint - Dazhong Mining Co., Ltd. will implement the 2024 annual equity distribution soon, leading to a temporary suspension of the conversion of its convertible bonds due to the existence of shares in the company's repurchase account [1][2]. Group 1: Equity Distribution and Convertible Bonds - The company is set to implement an equity distribution plan, which necessitates the suspension of the conversion of its convertible bonds, referred to as "Dazhong Convertible Bonds" [1]. - The suspension of conversion is in accordance with the regulations outlined in the Shenzhen Stock Exchange's self-regulatory guidelines, specifically regarding the issuance of convertible bonds during equity distribution [1]. - The company will resume the conversion of the convertible bonds after the equity distribution is completed and will notify bondholders accordingly [2]. Group 2: Adjustment of Conversion Price - The adjustment of the conversion price for the convertible bonds will occur in the event of stock dividends, capital increases, new share issuances, or cash dividends, following specific formulas [3]. - The formulas for adjusting the conversion price are detailed, including variables such as the previous conversion price, stock dividend rate, and cash dividend amount [3]. - The company will announce any adjustments to the conversion price and the relevant dates through designated media, ensuring transparency for bondholders [4].

Group 1 - The company has adjusted the conversion price of its convertible bonds from RMB 10.96 per share to RMB 10.76 per share, effective from June 26, 2025 [1][3] - The adjustment is based on the company's profit distribution plan for the fiscal year 2024, which was approved at the shareholders' meeting on May 9, 2025 [2][3] - The cash dividend per share, which affects the conversion price, is approximately RMB 0.1958887 per share, calculated based on the total number of shares participating in the distribution [2][3] Group 2 - The total amount of the convertible bonds issued by the company was RMB 15.20 billion, with a face value of RMB 100 each [1] - The company's total share capital for the profit distribution is 1,508,021,588 shares, excluding 30,999,594 shares that have been repurchased [2] - The company will maintain the dividend ratio unchanged despite any changes in total share capital due to new shares listing, stock incentive grants, or other factors [2]

Group 1 - The company has approved a share repurchase plan using its own funds and special loan funds, with a total repurchase amount between RMB 200 million and RMB 400 million, and a maximum repurchase price of RMB 12.72 per share [1] - The repurchase period is set for 12 months from the date of board approval [1] - The repurchased shares will be used for convertible bond conversion or employee stock ownership plans [1] Group 2 - The company will adjust the maximum repurchase price from RMB 12.72 per share to RMB 12.52 per share due to a cash dividend distribution of RMB 0.2 per share [2] - The total share capital after excluding repurchased shares is 1,477,021,994 shares, and the cash dividend will be distributed on June 25, 2025 [2] - The estimated number of shares to be repurchased at the new price limit is approximately 15.9744 million shares, accounting for about 1.06% of the company's total share capital [3]

Group 1 - The company has approved a share repurchase plan using between RMB 200 million and RMB 400 million of its own funds and special loan funds for the purpose of converting bonds or employee stock ownership plans within 12 months [1] - The company has completed its first share repurchase, acquiring 300,000 shares, which represents 0.02% of the total share capital, at a total cost of RMB 2,566,000, with prices ranging from RMB 8.50 to RMB 8.60 per share [2] - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by relevant laws and regulations [3]

Core Viewpoint - The company announces the second reminder regarding the repurchase of "Dazhong Convertible Bonds" with specific terms and conditions for bondholders to exercise their repurchase rights [1][2][5] Summary by Sections Repurchase Terms Overview - The repurchase price is set at 100.644 RMB per bond (including interest and tax) [1][6] - The conditions for repurchase will be met on April 3, 2025 [1] - The repurchase application period is from April 9 to April 15, 2025 [3][10] - The funds will be credited to investors on April 22, 2025 [1][10] Reasons for Repurchase Activation - The activation of the repurchase clause is due to significant changes in the implementation of investment projects compared to the commitments made in the prospectus [5][6] - The company has approved adjustments to the scale and timeline of certain projects, including the expansion of the lithium resource recovery project [5] Calculation of Accrued Interest - The accrued interest for the repurchase is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days [3][7] - For this repurchase, the accrued interest amounts to 0.644 RMB per bond, leading to a total repurchase price of 100.644 RMB per bond [8] Repurchase Rights - Bondholders have the right to choose whether to exercise the repurchase option, and they can sell back either part or all of their unconverted bonds [9] Repurchase Procedure and Payment Method - The company will announce the repurchase details at least three times, including before and during the repurchase period [10] - Payments will be processed through the China Securities Depository and Clearing Corporation, with specific dates for fund transfer and crediting to investors [10][11] Trading During Repurchase Period - "Dazhong Convertible Bonds" will continue to be traded during the repurchase period, but conversion to stocks will be suspended [11]

Core Viewpoint - The company announced the first notice regarding the repurchase of its convertible bonds, "Dazhong Convertible Bonds," allowing bondholders to sell their bonds back to the company under specific conditions [1][2]. Summary by Sections Repurchase Terms Overview - The repurchase price is set at 100.644 RMB per bond (including interest and tax) [1][8]. - The conditions for repurchase will be met on April 3, 2025, with the repurchase application period from April 9 to April 15, 2025 [1][2]. - The funds will be credited to the issuer on April 18, 2025, and the payment to investors will occur on April 22, 2025 [1][13]. Reasons for Repurchase Activation - The activation of the repurchase clause is due to significant changes in the implementation of the fundraising projects compared to the commitments made in the prospectus [4][5]. - The company has decided to expand the capacity of a lithium resource recovery project and adjust the use of remaining funds from other projects [4][17]. Repurchase Rights - Bondholders have the right to choose whether to sell back their bonds, and this repurchase is not mandatory [9][10]. - The repurchase can be for either part or all of the bonds held that have not been converted [9]. Repurchase Process and Payment Method - The company will announce the repurchase results and its impact within seven trading days after the repurchase period ends [13]. - During the repurchase application period, the bonds will continue to trade but will be suspended from conversion [10][18]. Additional Information - The bonds were issued on August 17, 2022, with a total of 15.2 million bonds at a face value of 100 RMB each, raising a total of 15.2 billion RMB [16][17].