Core Viewpoint - The company has approved an increase in its cash management fund from 300 million yuan to a total of 400 million yuan, allowing for better utilization of idle funds while ensuring operational needs and safety [2][10]. Investment Overview - The purpose of the investment is to enhance fund utilization efficiency and increase returns for the company and its shareholders while ensuring normal operations and project funding [4]. - The additional cash management amount is 100 million yuan, bringing the total to 400 million yuan, which can be used in a rolling manner within this limit [5]. - The source of funds for this cash management is from temporarily idle self-owned funds [5]. Investment Method - The company will strictly control risks by investing in low to medium-risk financial products with high safety and liquidity, such as structured deposits, agreements, and time deposits [6]. - The cash management will not be used for securities investment purposes [6]. Investment Duration - The approval for cash management is valid for 12 months from the date of the board's resolution [9]. Approval Process - The board meeting held on October 16, 2025, approved the cash management proposal, allowing for the increase in the cash management limit [10]. Impact on the Company - The cash management will not affect the company's main business operations and is expected to improve the overall performance and returns for shareholders [16]. - The cash management may impact the balance sheet items such as "cash and cash equivalents" and "financial assets held for trading," as well as the income statement items like "financial expenses" and "investment income" [16].

Group 1 - The controlling shareholders of several companies, including Jingda Co., Xiaoming Co., and Shunbo Alloy, plan to reduce their holdings by up to 3%, 2.97%, and 2.08% respectively [1] - Hangxin Technology's original controlling shareholder intends to reduce their stake by up to 0.98% [1] - Jianlong Convertible Bond will not undergo a downward adjustment [1] Group 2 - A list of convertible bonds is provided, including their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [2][5] - Notable convertible bonds include: - Sanyang Convertible Bond with a current price of 126.154 and a conversion value of 127.38 [2] - Zhongchen Convertible Bond with a current price of 135.377 and a conversion value of 135.93 [2] - Jinxing Convertible Bond with a current price of 183.788 and a conversion value of 185.55 [2]

Core Viewpoint - Jianlong Micro-Nano announced that its stock price has triggered the downward adjustment clause for the "Jianlong Convertible Bonds" as of October 16, 2025, but the company decided not to adjust the conversion price downward [2] Group 1 - The company held its 14th meeting of the 4th Board of Directors to review the situation regarding the convertible bonds [2] - The company will not propose a downward adjustment plan even if the adjustment conditions are triggered again within the next three months, from October 17, 2025, to January 16, 2026 [2]

Core Viewpoint - The company, Luoyang Jianlong Micro-Nano New Materials Co., Ltd., has maintained its credit rating of "AA-" for both its corporate entity and its convertible bonds, with a stable outlook as assessed by Zhongzheng Pengyuan Credit Rating Co., Ltd. [1][2] Summary by Relevant Sections - Previous Bond Rating: The company's previous credit rating was "AA-" with a stable outlook, and the credit rating for the Jianlong Convertible Bonds was also "AA-" [2]. - Current Bond Rating: The current credit rating remains "AA-" for the corporate entity and "AA-" for the Jianlong Convertible Bonds, with a stable outlook [2]. - Rating Agency: The credit rating was conducted by Zhongzheng Pengyuan, which performed a comprehensive analysis of the company's operational status and related industry [1].

Core Viewpoint - The report outlines the issuance of convertible bonds by Luoyang Jianlong Micro-Nano New Materials Co., Ltd., detailing the bond's approval, terms, and implications for shareholders and bondholders [2][3][5]. Summary by Sections Bond Approval and Issuance - The China Securities Regulatory Commission approved the issuance of 7 million convertible bonds with a face value of 100 yuan each, totaling 700 million yuan, which began trading on the Shanghai Stock Exchange on April 7, 2023 [2][3]. Basic Information of the Bond - The bond, named "Jianlong Convertible Bond" with code 118032, will pay interest and return the principal at maturity. The bond has a stable rating outlook [3]. Major Matters Related to the Bond - The company approved a profit distribution plan for 2024, proposing a cash dividend of 2.00 yuan per 10 shares, with no stock dividends or capital increases [4]. - The conversion price of the bonds will be adjusted from 71.91 yuan to 71.71 yuan per share due to the cash dividend distribution, effective from June 26, 2025 [4]. Impact on the Company - The profit distribution is expected to support the company's stable development and complies with legal and corporate regulations. The adjustment of the conversion price aligns with the bond's issuance terms and does not affect the company's operational or debt repayment capabilities [5].

Core Points - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual profit distribution plan [1][3] - The conversion price will be adjusted from 71.91 yuan per share to 71.71 yuan per share, effective from June 26, 2025 [2][5] - The company will distribute a cash dividend of 2 yuan per 10 shares (including tax) to all shareholders, with no stock dividends or capital increases [3][5] Summary by Sections Conversion Price Adjustment - The adjustment of the conversion price is based on regulations from the China Securities Regulatory Commission and the company's bond issuance prospectus [2][4] - The formula for adjusting the conversion price is P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [5][6] Dividend Distribution - The company will implement a cash dividend distribution on June 25, 2025, with the total share capital as the base for the distribution [3][5] - The company will maintain the per-share distribution ratio even if the total share capital changes before the record date [3] Trading Suspension - The convertible bonds will be suspended from conversion from June 18, 2025, until the adjustment takes effect on June 26, 2025 [1][5]

Group 1 - The company held its 11th meeting of the 4th Board of Directors on June 17, 2025, with all 8 directors present, confirming the legality and validity of the meeting [2][4] - The Board decided not to adjust the conversion price of the "Jianlong Convertible Bonds" downwards, despite the stock price triggering the adjustment clause, citing confidence in the company's future development [3][39] - The decision was made with a unanimous vote of 8 in favor, with no opposition or abstentions [4] Group 2 - The company has decided to postpone the completion date of the "Adsorbent Material Industrial Park Expansion Project (Phase II)" from June 2025 to December 2026, without changing the project’s implementation subject, investment purpose, or scale [5][44] - The postponement is due to various macroeconomic uncertainties and the need for cautious investment strategies, ensuring that the project aligns with the company's long-term development plans [43][56] - The company has invested 66.91 million yuan in the project as of May 31, 2025, which is 13.01% of the total planned investment [44][45] Group 3 - The company has revised several internal management systems to comply with the latest legal and regulatory requirements, including rules for the audit committee, nomination committee, and remuneration committee [7][9][10] - The revisions were approved unanimously by the Board, with all votes in favor [11][12][13] - The company has also updated its internal control and risk assessment systems to enhance governance and compliance [24][25][26] Group 4 - The "Jianlong Convertible Bonds" were issued on March 8, 2023, with a total amount of 700 million yuan, and the current conversion price is 71.91 yuan per share [32][33] - The bond's conversion price has been adjusted multiple times due to various corporate actions, with the latest adjustment occurring on December 20, 2024 [34][35] - The company has triggered the downward adjustment clause for the conversion price but has chosen not to exercise this option at this time [39][40] Group 5 - The company emphasizes the strategic importance of the "Adsorbent Material Industrial Park Expansion Project (Phase II)" in supporting sustainable development and aligning with national policies [48][49] - The project aims to enhance the company's capabilities in high-performance materials, particularly in emerging fields such as sustainable aviation fuel and resource recycling [50][51] - The company has established a solid market foundation and technical reserves to support the project's successful implementation [52][53][54]

Core Viewpoint - The article discusses the adjustments in the conversion prices of various convertible bonds, highlighting specific changes and upcoming subscription dates for certain bonds [1]. Group 1: Convertible Bond Adjustments - The conversion price for "Hangyang Convertible Bond" has been adjusted from 26.59 CNY/share to 25.98 CNY/share, reflecting a decrease of 2% [1]. - Other convertible bonds such as Jianlong Convertible Bond, Tian23 Convertible Bond, Jiayuan Convertible Bond, and Jinggong Convertible Bond have not undergone any adjustments [1]. - The subscription dates for the "Xizhen Convertible Bond" and "Huachen Convertible Bond" are set for June 18 and June 20, respectively [1]. Group 2: Shareholder Actions - Guizhou Gas has reported that 147 million shares held by shareholder Beijing Dongjia have been frozen [1]. - Liyang Chip's shareholder plans to transfer 3.25% of its shares through an inquiry [1].

Group 1 - The board of directors of Luoyang Jianlong Micro-Nano New Materials Co., Ltd. held its 11th meeting of the 4th session on June 17, 2025, with all 8 directors present, ensuring compliance with legal and regulatory requirements [1] - The board decided not to lower the conversion price of "Jianlong Convertible Bonds" due to the long remaining term and recent market adjustments, affirming confidence in the company's future development [1][2] - The board approved a postponement of the "Adsorption Material Industrial Park Expansion Project (Phase II)" completion date from June 2025 to December 2026, without altering the project's implementation or funding [2] Group 2 - The board reviewed and approved amendments to certain internal management systems to align with the latest legal requirements, particularly following the cancellation of the supervisory board structure [2][3] - All resolutions passed unanimously with 8 votes in favor and no opposition or abstentions [2][3][4]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of its 2024 annual profit distribution plan, which includes a cash dividend of 2.00 yuan per 10 shares [1][2][3] Group 1: Securities Suspension and Resumption - The company's convertible bonds will stop conversion from June 18, 2025, until the registration date for the profit distribution, with resumption on the first trading day after the registration [1][2] - The specific dates for the suspension and resumption of the convertible bonds are outlined, with the suspension starting on June 18, 2025, and resuming on June 19, 2025 [2] Group 2: Profit Distribution Plan - The profit distribution plan involves a cash dividend of 2.00 yuan per 10 shares, with no bonus shares or capital reserve conversion [1][2] - This plan was approved at the company's annual general meeting on May 20, 2025, and further details were disclosed in a prior announcement [1] Group 3: Adjustment of Conversion Price - The conversion price of the convertible bonds will be adjusted from 71.91 yuan per share to 71.71 yuan per share, reflecting the cash dividend distribution [2][3] - The adjustment formula for the conversion price is provided, where the new price is calculated by subtracting the cash dividend from the previous conversion price [2][3]