Group 1 - Two Brazilian ETFs are set to be subscribed on October 31, 2025, tracking the Brazil Ibovespa Index, managed by Huazhi Ximei and E Fund [1] - Historical performance of U.S. Brazilian ETFs shows a fivefold increase from 2020 to 2025 [2] Group 2 - Trina Solar's subsidiary has signed a storage order exceeding 1 GWh with a European client [3] - Jineng Convertible Bond will not be forcibly redeemed, while Zhongjin Convertible Bond will be forcibly redeemed [3] - Jinsilu is a data-driven investment community focusing on new stocks, convertible bonds, bonds, and closed-end funds [3]

Core Points - The company announced that as of October 30, 2025, its stock price has been below 90% of the current conversion price for 15 out of the last 30 trading days, triggering conditions for a downward adjustment of the "Hongchuan Convertible Bonds" conversion price [1] - The board of directors decided not to adjust the conversion price of the "Hongchuan Convertible Bonds" [1] - The next period for triggering the conversion price adjustment condition will restart from October 31, 2025, and if triggered again, the company will follow the relevant regulations and disclosure obligations [1]

Core Viewpoint - The company, Guangdong Hongchuan Smart Logistics Co., Ltd., has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price being below 90% of the current conversion price for 10 consecutive trading days [2][30]. Group 1: Convertible Bond Issuance Overview - The company issued 6.7 million convertible bonds with a total value of 670 million yuan, approved by the China Securities Regulatory Commission on July 17, 2020 [3]. - The initial conversion price was set at 20.25 yuan per share [4]. Group 2: Conversion Price Adjustments - The conversion price has undergone several adjustments due to stock option exercises and equity distributions, with the latest adjustment bringing the price down to 19.18 yuan per share effective June 26, 2023 [18][20]. - The company has a defined process for adjusting the conversion price, which includes conditions for downward adjustments based on stock performance [28][29]. Group 3: Triggering Conditions for Price Adjustment - The company has indicated that from October 10 to October 23, 2025, the stock price has been below 90% of the conversion price, which may trigger a downward adjustment [30]. - If the conditions for adjustment are met, the company will follow the necessary procedures for review and disclosure as per regulatory requirements [30].

Core Viewpoint - Hongchuan Wisdom announced that from October 10 to October 23, 2025, its stock closing price has been below 90% of the current conversion price for 10 trading days, which may trigger the downward adjustment condition for the "Hongchuan Convertible Bonds" conversion price [1] Summary by Sections - Company Announcement - Hongchuan Wisdom has issued a notice regarding the potential adjustment of its convertible bond conversion price due to the stock price performance [1] - Stock Performance - The company's stock has closed below 90% of the conversion price for 10 consecutive trading days, indicating a significant decline in market valuation [1] - Future Actions - If the conditions for downward adjustment are triggered, the company will fulfill subsequent review procedures and information disclosure obligations in a timely manner [1]

Core Viewpoint - Hongchuan Smart announced that investors can choose to sell their holdings of "Hongchuan Convertible Bonds" at a price of 100.312 RMB per bond (including interest and tax) [2] Summary by Relevant Sections - **Company Announcement** - Hongchuan Smart released a notice on the evening of September 1, stating that investors have the option to sell their "Hongchuan Convertible Bonds" at the specified price [2] - **Market Reaction** - As of now, the closing price of "Hongchuan Convertible Bonds" is higher than the repurchase price, indicating that choosing to sell may result in a loss for investors [2]

Core Points - The company announced a notice regarding the "Hongchuan Convertible Bonds" repurchase option for bondholders [1][2] - Bondholders have the right to choose whether to sell back part or all of their unconverted "Hongchuan Convertible Bonds" [11] Summary by Sections Repurchase Overview - The repurchase condition was triggered on August 27, 2025, as the company's stock price has been below 70% of the conversion price for 30 consecutive trading days [3][4] - The repurchase price is set at 100.312 RMB per bond (including interest and tax) [9][10] - The repurchase application period is from September 12 to September 18, 2025 [4][13] Repurchase Conditions - Bondholders can exercise their repurchase rights once during the last two interest years if the stock price condition is met [5][6] - The calculation of the accrued interest for the repurchase is based on a 2.0% annual interest rate for the current interest period [7][8] Repurchase Process and Payment - The company will announce the repurchase results and its impact after the repurchase period ends [14] - The payment dates are as follows: funds will be received by the company on September 23, 2025, and the repurchase funds will be allocated to investors on September 25, 2025 [14] Trading and Conversion During Repurchase Period - "Hongchuan Convertible Bonds" will continue to trade during the repurchase period but will suspend conversion [15]

Group 1 - The legal opinion letter is issued by Guohao Law Firm (Shenzhen) regarding the repurchase of convertible bonds by Guangdong Hongchuan Smart Logistics Co., Ltd. [1] - The company has complied with relevant laws and regulations, including the Company Law, Securities Law, and Convertible Bond Management Measures, in the issuance and repurchase of convertible bonds [1][5] - The company’s convertible bonds were approved by the board and shareholders, and the issuance was authorized by the China Securities Regulatory Commission [4][5] Group 2 - The company issued a total of 670,000 convertible bonds with a face value of 67 million yuan, which were listed on the Shenzhen Stock Exchange on August 7, 2020 [4][5] - The convertible bonds have a term of six years, from July 17, 2020, to July 16, 2026 [4] - The repurchase conditions allow bondholders to sell their bonds back to the company if the stock price falls below 70% of the conversion price for 30 consecutive trading days during the last two interest years [5][6] Group 3 - The company has triggered the conditional repurchase clause as the adjusted conversion price is 18.56 yuan per share, and the stock price fell below 12.992 yuan per share during the specified period [6] - The legal opinion concludes that the repurchase complies with the relevant regulations and bondholders can exercise their repurchase rights within the designated period [6][7] - The company must follow the legal procedures for announcing the repurchase and its results [7]

Group 1 - The company held its 10th meeting of the 4th Supervisory Board on August 5, 2025, with all three supervisors participating in the voting process [1][2] - The Supervisory Board approved the proposal regarding the public disclosure of the list of incentive objects for the 2025 stock option incentive plan, which was publicly announced from July 25 to August 4, 2025 [1][2] - The Supervisory Board confirmed that all individuals included in the incentive plan meet the legal and regulatory requirements, and the voting results were unanimous in favor [2]

Core Viewpoint - The announcement details the interest payment for the "Hongchuan Convertible Bonds" due on July 17, 2025, with a specified interest rate and payment conditions for bondholders [1][3]. Summary by Sections 1. Basic Information of Convertible Bonds - The company issued 6.7 million convertible bonds on July 17, 2020, with a total value of 670 million yuan, each bond having a face value of 100 yuan [1][2]. - The interest payment for the fifth year is set at 1.8%, with a total interest of 18.00 yuan (including tax) for every 10 bonds held [1][3]. 2. Interest Calculation - The annual interest is calculated using the formula: I = B × i, where I is the annual interest amount, B is the total face value of the bonds held, and i is the coupon rate for the year [2]. - The interest payment will be made within five trading days after the interest payment date [2]. 3. Payment Scheme - The interest payment period for this announcement is from July 17, 2024, to July 16, 2025, with the interest rate fixed at 1.8% [3]. - The actual interest received by individual investors after tax will be 14.40 yuan for every 10 bonds, while qualified foreign institutional investors will receive the full 18.00 yuan [3][4]. 4. Payment Method - The company has entrusted China Securities Depository and Clearing Corporation Limited Shenzhen Branch to handle the interest payment, which will be distributed to the designated securities firms or other recognized institutions [4]. 5. Taxation on Interest Income - Individual bondholders are subject to a 20% tax on interest income, which will be withheld by the payment agency [4][5]. - Foreign institutional investors are exempt from corporate income tax and value-added tax on the interest income until December 31, 2025 [5]. 6. Consultation Information - Investors seeking further information can refer to the company's prospectus published on July 15, 2020, and can contact the board office for inquiries [6].

Group 1 - The company announced an adjustment to the conversion price of its convertible bonds from 18.76 CNY/share to 18.56 CNY/share, effective from June 24, 2025 [1][2][3] - The adjustment is due to a cash dividend distribution of 2.00 CNY for every 10 shares, which was approved at the annual shareholders' meeting on May 20, 2025 [2][3] - The calculation for the new conversion price is based on the formula P=Po-D, where Po is the previous conversion price and D is the cash dividend [3] Group 2 - The company will not issue bonus shares or increase capital from reserves during this dividend distribution [2] - The adjustment to the conversion price will be communicated through official announcements in accordance with regulatory requirements [2] - The company emphasizes the protection of the rights and interests of convertible bondholders during any changes in share structure or equity [2]