Core Viewpoint - The credit rating for Tongcheng New Materials Group Co., Ltd. remains stable with both the bond and entity ratings at AA, indicating no change from the previous assessment [1][2]. Group 1 - Previous rating results indicated a bond rating of AA and an entity rating of AA with a "stable" outlook [1]. - The current rating results also show a bond rating of AA and an entity rating of AA with a "stable" outlook, consistent with the previous rating [2]. - The credit rating was conducted by United Credit Rating Co., Ltd. based on a comprehensive analysis of the company's operations and industry conditions [2].

Core Viewpoint - The company announced its annual profit distribution plan for 2024, which includes a cash dividend of 0.50 RMB per share for A-shares, with specific dates for registration and distribution outlined [1][2]. Distribution Plan - The cash dividend distribution is set at 5.0 RMB for every 10 shares held, amounting to a total cash dividend of approximately 297.99 million RMB, based on 595,970,013 shares eligible for distribution after excluding shares in the repurchase account [2][3]. - The distribution plan was approved during the annual shareholders' meeting held on May 8, 2025 [1]. Relevant Dates - Key dates for the distribution are as follows: - Record date: May 30, 2025 - Ex-dividend date: June 3, 2025 - Cash dividend payment date: June 3, 2025 [1][3]. Implementation Details - Shares held in the company's repurchase account will not participate in the profit distribution [3][4]. - Cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, with specific arrangements for shareholders who have not completed designated transactions [3][4]. Taxation Information - For individual shareholders, the cash dividend is subject to personal income tax based on holding periods, with rates varying from 0% to 20% [4][5]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net cash dividend of 0.45 RMB per share [5]. - Other resident enterprises are responsible for their own tax payments, with a gross cash dividend of 0.50 RMB per share [6]. Adjustment of Convertible Bond Terms - Following the profit distribution, the conversion price of the company's convertible bonds will be adjusted from 31.61 RMB to 31.11 RMB per share, effective on the ex-dividend date [6].

Group 1 - The company will implement a profit distribution plan, distributing a cash dividend of 5.0 yuan per 10 shares to all shareholders, with no bonus shares or capital reserve conversion [2][3] - The distribution plan was approved at the 2024 annual general meeting on May 8, 2025, and will be based on the total share capital as of the record date, excluding shares in the company's repurchase account [2][3] - The convertible bonds will stop conversion from May 26, 2025, until the record date for the profit distribution, and will resume conversion on the first trading day after the record date [4] Group 2 - The company will announce the implementation details of the profit distribution and the adjustment of the convertible bond conversion price on May 27, 2025 [4] - Holders of the convertible bonds wishing to enjoy the profit distribution must convert their bonds by May 23, 2025 [4] - The company has provided contact information for inquiries regarding the announcement [4]

Summary of Key Points Core Viewpoint - The announcement provides an update on the convertible bonds issued by Tongcheng New Materials Group Co., Ltd., detailing the conversion status, adjustments in conversion prices, and the company's profit distribution plans. Group 1: Convertible Bond Issuance and Conversion Status - The total number of shares converted from the "Tongcheng Convertible Bonds" as of March 31, 2025, is 8,088,546 shares, representing 1.3803% of the company's total shares before conversion [1][6]. - As of March 31, 2025, the amount of "Tongcheng Convertible Bonds" that has not been converted is 536,337,178.66 yuan, which accounts for 67.0271% of the total issued convertible bonds [6]. - During the period from January 1, 2025, to March 31, 2025, the conversion amount was 16,942.96 yuan, resulting in 536 shares being converted, which is 0.0001% of the total shares before conversion [6]. Group 2: Convertible Bond Pricing Adjustments - The initial conversion price of the "Tongcheng Convertible Bonds" was set at 32.96 yuan per share, which has been adjusted to 31.61 yuan per share as of the latest update [2]. - The conversion price was adjusted to 32.62 yuan per share on June 8, 2021, and further adjusted to 32.53 yuan per share on July 4, 2022, and to 32.45 yuan per share on June 5, 2023 [2][3]. - The conversion price was adjusted again to 31.86 yuan per share on June 5, 2024, and subsequently to 31.61 yuan per share on October 16, 2024 [5]. Group 3: Profit Distribution Plans - The company approved a profit distribution plan at the 2022 annual general meeting, distributing 0.8 yuan per share, totaling 47,689,910.4 yuan [3]. - For the 2023 profit distribution, the company plans to distribute 5.90 yuan per share, amounting to 352,401,289.98 yuan [4].